Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.008%

Price spread now: Pacifica against Aster−0.018%58s7-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—prices read too far apart to compare

costs, in and out, $10k−$290.295% of the position

Long on Aster Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 4 days (all we have)−0.063%−$6 · spread now −0.018%, 7d avg −0.057%

Together, before fees−0.037%+ Points / potential airdropAster: Stage 5 · Pacifica: Active · farm board−$4 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 Pacifica is 0.039% dearer against Aster than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.057%. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NVDAUSDT	226.89	0.0005	pay 0.0005% / 8h	3h 12m	$482K	$569K	20x
Short	Pacifica NVDA	226.84	0.0100	get 0.0013% / 1h	12m 51s	$298K	$50K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.018%Rate

Funding earned: $20.03
Price spread: −0.018% → −0.057%: $3.86
Slippage, 4 orders: −$13.48
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$5.59
Costs to cover: 0.295%
Break-even: 9.0 days

Slippage from Aster: live order book, 40 min ago; Pacifica: live order book, 40 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, 40 min ago	1.10 bp	5.1 bp −$5	11.4 bp −$114	doesn't fit	doesn't fit
Sell Pacifica live order book, 40 min ago	1.98 bp	8.5 bp −$8	doesn't fit	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	−0.038%	$12.6M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.76	−0.055%	$14.3M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.79	−0.042%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.87	−0.007%	$15.4M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.03	+0.065%	$21K	$402K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.54	−0.152%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.84	−0.020%	$49K	$1.7M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.87	−0.007%	$198K	$466K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.25	+0.161%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDTlong	+0.0005%	8h	226.89	long leg	$482K	$569K	20x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0012%	1h	226.84	−0.022%	$117K	$53K	10x	as long as short
Variational Omni NVDA	+0.0028%	8h	226.96	+0.031%	$3.6M	$2.2M	—	as long as short
Lighter NVDA	+0.0032%	1h	226.77	−0.053%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.90	+0.006%	$398K	$735K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	226.94	+0.024%	$1.3M	$9.1M	10x	as long as short
edgeX NVDAUSDC	+0.0043%	4h	227.00	+0.049%	$170K	$1.9M	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.03	+0.064%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.65	−0.104%	$147.3M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.91	+0.011%	$400K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.78	−0.046%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.75	−0.060%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0060%	1h	226.84	−0.018%	$482K	$227K	20x	as long as short
Binance NVDAUSDT	+0.0091%	8h	226.83	−0.024%	$155.3M	$216.6M	50x	as long as short
Pacifica NVDAshort	+0.0100%	1h	226.84	−0.018%	$298K	$50K	10x
KuCoin NVDAUSDTM	+0.0100%	8h	226.87	−0.007%	$1.6M	$730K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.86	−0.011%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.86	−0.011%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.90	+0.009%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	227.11	+0.099%	$1.3M	$781K	10x	as long as short
Lighter RH NVDA	+0.0136%	1h	226.93	+0.020%	$5.1M	$7.1M	20x	as long as short
Hotstuff NVDA-PERP	+0.0136%	1h	226.86	−0.011%	$35K	—	20x	as long as short
Phoenix NVDA	+0.0141%	1h	226.88	−0.002%	$93K	$112K	20x	as long as short
BloFin NVDA-USDT	+0.0211%	8h	226.90	+0.006%	$720K	$201K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.32	+0.192%	$73K	$139	30x	as long as short
Extended NVDA_24_5-USD	+0.0224%	1h	226.63	−0.113%	$672K	$765K	10x	as long as short