Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0222%/8h= +24.3% APRpaid last 24h −0.002%

Price spread now: Extended against Aster−0.060%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$230.227% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)−0.074%−$7 · spread now −0.060%, 7d avg −0.057%

Together, before fees−0.112%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.057%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.039% in total (about -2.0% 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	226.84	0.0002	pay 0.0002% / 8h	3h 10m	$482K	$571K	20x
Short	Extended NVDA_24_5-USD	226.70	0.0224	get 0.0028% / 1h	10m 39s	$672K	$765K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.060%Rate

Funding earned: $46.55
Price spread: −0.060% → −0.057%: −$0.29
Slippage, 4 orders: −$9.66
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $23.6
Costs to cover: 0.227%
Break-even: 3.5 days

Slippage from Aster: live order book, 42 min ago; Extended: live order book, 42 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, 42 min ago	1.10 bp	5.1 bp −$5	11.4 bp −$114	doesn't fit	doesn't fit
Sell Extended live order book, 42 min ago	0.66 bp	6.7 bp −$7	26.1 bp −$261	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
Bybit NVDAUSDT	0.0000%	8h	226.80	−0.018%	$12.5M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.79	−0.023%	$14.3M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.79	−0.023%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.87	+0.013%	$15.4M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.91	+0.030%	$21K	$403K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.39	−0.199%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.87	+0.013%	$198K	$466K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.18	+0.149%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDTlong	+0.0002%	8h	226.84	long leg	$482K	$571K	20x
Aftermath Perps NVDAUSD	+0.0012%	1h	226.78	−0.029%	$117K	$53K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0022%	8h	226.80	−0.017%	$3.6M	$2.2M	—	as long as short
Lighter NVDA	+0.0032%	1h	226.80	−0.019%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.79	−0.023%	$398K	$734K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	226.83	−0.005%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.90	+0.026%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.69	−0.067%	$147.3M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.77	−0.031%	$400K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.67	−0.075%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.75	−0.040%	$1.6M	$2.0M	15x	as long as short
Hotstuff NVDA-PERP	+0.0056%	1h	226.70	−0.062%	$35K	—	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0059%	1h	226.76	−0.036%	$49K	$1.7M	10x	as long as short
Nado NVDA-PERP	+0.0060%	1h	226.69	−0.068%	$482K	$227K	20x	as long as short
Binance NVDAUSDT	+0.0089%	8h	226.85	+0.004%	$155.3M	$216.6M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.74	−0.044%	$298K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.84	0.000%	$1.6M	$731K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.74	−0.045%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.78	−0.027%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.79	−0.020%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.66	−0.080%	$1.3M	$781K	10x	as long as short
Lighter RH NVDA	+0.0136%	1h	226.97	+0.057%	$5.1M	$7.1M	20x	as long as short
Phoenix NVDA	+0.0141%	1h	226.88	+0.017%	$93K	$112K	20x	as long as short
BloFin NVDA-USDT	+0.0210%	8h	226.85	+0.004%	$720K	$201K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.32	+0.211%	$73K	$139	30x	as long as short
Extended NVDA_24_5-USDshort	+0.0224%	1h	226.70	−0.060%	$672K	$765K	10x
edgeX NVDAUSDC	+0.0271%	4h	226.93	+0.040%	$170K	$1.9M	20x	as long as short