Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0112%/8h= +12.3% APRpaid last 24h +0.019%

Price spread now: Coinbase International against Aster−0.011%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 3 days (all we have)−0.143%−$14 · spread now −0.011%, 7d avg −0.062%

Together, before fees−0.101%+ Points / potential airdropAster: Stage 5 · farm board−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.051% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NVDAUSDT	226.97	0	get 0.0000% / 8h	2h 32m	$473K	$550K	20x
Short	Coinbase International NVDA-PERP-INTX	226.95	0.0112	get 0.0014% / 1h	32m 42s	$1.3M	$909K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.011%Rate

Funding earned: $23.52
Price spread: −0.011% → −0.062%: $5.14
Slippage, 4 orders: −$8.15
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $2.51
Costs to cover: 0.262%
Break-even: 6.3 days

Slippage from Aster: live order book, 54 min ago; Coinbase International: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 54 min ago	0.88 bp	4.9 bp −$5	6.5 bp −$65	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	2.20 bp	8.8 bp −$9	11.2 bp −$112	doesn't fit	doesn't fit

NVDA on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDTlong	0.0000%	8h	226.97	long leg	$473K	$550K	20x
Bybit NVDAUSDT	0.0000%	8h	227.07	+0.042%	$12.7M	$15.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.09	+0.051%	$14.3M	$21.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.05	+0.033%	$7.2M	$9.4M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.07	+0.041%	$3.4M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.08	+0.048%	$21K	$470K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.76	−0.094%	$2K	$4.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.99	+0.007%	$49K	$1.5M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.21	+0.104%	$202K	$529K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.10	+0.055%	$2.2M	$41K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NVDAUSDT	+0.0005%	8h	227.10	+0.055%	$156.2M	$220.2M	50x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	226.97	−0.002%	$118K	$54K	10x	as long as short
Hotstuff NVDA-PERP	+0.0016%	1h	226.97	−0.002%	$35K	—	20x	as long as short
BloFin NVDA-USDT	+0.0018%	8h	227.11	+0.060%	$713K	$205K	20x	as long as short
QFEX NVDA-USD	+0.0030%	1h	227.07	+0.042%	$1.6M	$11.3M	10x	as long as short
Lighter RH NVDA	+0.0032%	1h	227.16	+0.082%	$4.8M	$7.0M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.93	−0.020%	$523K	$406K	10x	as long as short
Nado NVDA-PERP	+0.0040%	1h	227.00	+0.012%	$487K	$223K	20x	as long as short
edgeX NVDAUSDC	+0.0045%	4h	227.08	+0.045%	$170K	$1.9M	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.24	+0.117%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.99	+0.007%	$147.0M	$50.2M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.05	+0.033%	$390K	$235K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.97	−0.002%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.87	−0.046%	$1.6M	$2.1M	15x	as long as short
Phoenix NVDA	+0.0070%	1h	226.97	−0.002%	$93K	$112K	20x	as long as short
Bitget NVDAUSDT	+0.0071%	8h	227.13	+0.069%	$15.6M	$18.3M	100x	as long as short
Lighter NVDA	+0.0072%	1h	227.15	+0.078%	$2.1M	$3.3M	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.07	+0.042%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	226.98	+0.004%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.09	+0.051%	$1.6M	$751K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.96	−0.006%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.04	+0.029%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTXshort	+0.0112%	1h	226.95	−0.011%	$1.3M	$909K	10x
Injective NVDA/USDC PERP	+0.0220%	1h	227.30	+0.143%	$73K	$135	30x	as long as short
Arcus NVDA-USD	+0.0419%	1h	227.08	+0.046%	$395K	$683K	20x	as long as short