Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.007%

Price spread now: tradeXYZ against Aster−0.051%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on Aster Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now −0.051%, 7d avg −0.063%

Together, before fees−0.070%+ Points / potential airdropAster: Stage 5 · tradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.063%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NVDAUSDT	227.22	0	get 0.0000% / 8h	1h 48m	$474K	$550K	20x
Short	tradeXYZ xyz:NVDA	227.10	0.0050	get 0.0006% / 1h	48m 41s	$147.1M	$50.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.051%Rate

Funding earned: $10.5
Price spread: −0.051% → −0.063%: $1.17
Slippage, 4 orders: −$4.04
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$18.36
Costs to cover: 0.300%
Break-even: 19.2 days

Slippage from Aster: live order book, 34 min ago; tradeXYZ: live order book, 11 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, 34 min ago	0.44 bp	5.3 bp −$5	11.2 bp −$112	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 11 min ago	0.22 bp	10.2 bp −$10	10.9 bp −$109	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	227.22	long leg	$474K	$550K	20x
Binance NVDAUSDT	0.0000%	8h	227.25	+0.016%	$156.2M	$220.6M	50x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.23	+0.006%	$12.6M	$15.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.22	+0.002%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.20	−0.007%	$7.2M	$9.5M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.25	+0.013%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.27	+0.024%	$20K	$452K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.87	−0.152%	$3K	$4.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.17	−0.020%	$49K	$1.5M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.31	+0.041%	$202K	$524K	30x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NVDAUSDT	0.0000%	4h	227.30	+0.037%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.19	−0.010%	$118K	$55K	10x	as long as short
Bitget NVDAUSDT	+0.0025%	8h	227.25	+0.015%	$15.6M	$18.2M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.12	−0.044%	$522K	$409K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.23	+0.006%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.33	+0.050%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDAshort	+0.0050%	1h	227.10	−0.051%	$147.1M	$50.1M	20x
Polymarket Perps NVDA-USD	+0.0050%	1h	227.17	−0.020%	$390K	$281K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.08	−0.060%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.04	−0.077%	$1.6M	$2.1M	15x	as long as short
Nado NVDA-PERP	+0.0053%	1h	227.13	−0.036%	$487K	$225K	20x	as long as short
Hotstuff NVDA-PERP	+0.0056%	1h	227.09	−0.055%	$35K	—	20x	as long as short
Phoenix NVDA	+0.0070%	1h	227.11	−0.047%	$93K	$112K	20x	as long as short
Lighter RH NVDA	+0.0080%	1h	227.39	+0.077%	$4.9M	$7.0M	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.24	+0.008%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.091%	$1.3M	$911K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.11	−0.048%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.24	+0.011%	$1.6M	$753K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.15	−0.029%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.23	+0.006%	$36K	$22K	20x	as long as short
Lighter NVDA	+0.0112%	1h	227.28	+0.027%	$2.1M	$3.2M	20x	as long as short
BloFin NVDA-USDT	+0.0120%	8h	227.27	+0.024%	$714K	$205K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.63	+0.182%	$73K	$135	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.15	−0.029%	$388K	$709K	20x	as long as short
edgeX NVDAUSDC	+0.0498%	4h	227.24	+0.012%	$170K	$1.9M	20x	as long as short