Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0410%/8h= +44.9% APRpaid last 24h +0.030%

Price spread now: Deribit against Aster−0.009%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.098%+$10 on $10k

Price spread, last 3 days (all we have)−0.086%−$9 · spread now −0.009%, 7d avg −0.034%

Together, before fees+0.013%+ Points / potential airdropAster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Deribit is 0.025% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.034%.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.098% in total (about 7.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NVDAUSDT	227.42	0	get 0.0000% / 8h	53m 38s	$482K	$587K	20x
Short	Deribit NVDA_USDC-PERPETUAL	227.40	0.0410	get 0.0051% / 1h	53m 38s	$49K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.009%Rate

Funding earned: $86.11
Price spread: −0.009% → −0.034%: $2.54
Slippage, 4 orders: −$11.32
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $62.34
Costs to cover: 0.263%
Break-even: 1.9 days

Slippage from Aster: live order book, 24 min ago; Deribit: live order book, just now.

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, 24 min ago	0.22 bp	5.5 bp −$5	7.7 bp −$77	doesn't fit	doesn't fit
Sell Deribit live order book, just now	4.18 bp	8.1 bp −$8	10.8 bp −$108	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	227.42	long leg	$482K	$587K	20x
Bybit NVDAUSDT	0.0000%	8h	227.43	+0.004%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.41	−0.004%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.36	−0.026%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.41	−0.003%	$3.5M	$2.0M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.48	+0.026%	$20K	$426K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.92	−0.220%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	+0.026%	$198K	$525K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.47	+0.022%	$2.2M	$41K	10x	as long as short
Hotstuff NVDA-PERP	+0.0016%	1h	227.29	−0.057%	$35K	—	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0027%	1h	227.46	+0.020%	$118K	$55K	10x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.23	−0.082%	$536K	$446K	10x	as long as short
Binance NVDAUSDT	+0.0035%	8h	227.45	+0.011%	$156.3M	$220.1M	50x	as long as short
Bitget NVDAUSDT	+0.0039%	8h	227.45	+0.013%	$15.6M	$17.7M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.49	+0.031%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.27	−0.066%	$147.3M	$48.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.32	−0.044%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.28	−0.062%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.25	−0.075%	$1.6M	$2.1M	15x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.42	0.000%	$1.6M	$11.4M	10x	as long as short
Phoenix NVDA	+0.0070%	1h	227.34	−0.035%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.43	+0.004%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.180%	$1.3M	$862K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.26	−0.070%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.47	+0.022%	$1.6M	$746K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.30	−0.053%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.41	−0.004%	$36K	$22K	20x	as long as short
Nado NVDA-PERP	+0.0105%	1h	227.28	−0.060%	$483K	$227K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.29	−0.057%	$399K	$724K	20x	as long as short
BloFin NVDA-USDT	+0.0130%	8h	227.48	+0.026%	$672K	$204K	20x	as long as short
Lighter RH NVDA	+0.0208%	1h	227.56	+0.062%	$5.1M	$7.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.73	+0.136%	$73K	$135	30x	as long as short
Lighter NVDA	+0.0232%	1h	227.45	+0.012%	$2.1M	$3.3M	20x	as long as short
Deribit NVDA_USDC-PERPETUALshort	+0.0410%	1h	227.40	−0.009%	$49K	$1.4M	10x
edgeX NVDAUSDC	+0.0844%	4h	227.41	−0.002%	$170K	$1.9M	20x	as long as short