Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0098%/8h= −10.7% APRpaid last 24h −0.016%

Price spread now: Aftermath Perps against Binance−0.087%7-day average −0.063% · 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−$41as in the Price arb table

costs, in and out, $10k−$380.382% of the position

Long on Binance Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.129%−$13 on $10k

Price spread, last 4 days (all we have)−0.440%−$44 · spread now −0.087%, 7d avg −0.063%

Together, before fees−0.569%−$57 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aftermath Perps is 0.024% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.063%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NVDAUSDT	227.66	0.0111	pay 0.0111% / 8h	3h 58m	$156.1M	$215.9M	50x
Short	Aftermath Perps NVDAUSD	227.46	0.0013	get 0.0002% / 1h	58m 58s	$118K	$54K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Binance. 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 BinancebpFee Aftermath PerpsbpOrdersPrice spread, now −0.087%Rate

Funding earned: −$20.52
Price spread: −0.087% → −0.063%: −$2.37
Slippage, 4 orders: −$19.19
Fee Binance: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$61.08
Costs to cover: 0.382%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Aftermath Perps: live order book, 60 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 Binance live order book, 14 min ago	0.22 bp	5.2 bp −$5	6.5 bp −$65	16.7 bp −$1,670	doesn't fit
Sell Aftermath Perps live order book, 60 min ago	5.75 bp	15.5 bp −$16	28.7 bp −$287	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	227.63	−0.012%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.66	+0.001%	$14.4M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.60	−0.025%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.67	+0.005%	$15.5M	$16.3M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.27	−0.170%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.71	+0.023%	$198K	$467K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.64	−0.008%	$2.2M	$43K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0002%	8h	227.59	−0.030%	$20K	$390K	10x	as long as short
Aftermath Perps NVDAUSDshort	+0.0013%	1h	227.46	−0.087%	$118K	$54K	10x
Aster NVDAUSDT	+0.0027%	8h	227.68	+0.008%	$483K	$590K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NVDA-PERP	+0.0032%	1h	227.52	−0.061%	$35K	—	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.56	−0.043%	$399K	$741K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.75	+0.040%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.53	−0.056%	$147.9M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.60	−0.025%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.54	−0.052%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.42	−0.105%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.61	−0.021%	$1.3M	$9.2M	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.58	−0.034%	$49K	$1.6M	10x	as long as short
Variational Omni NVDA	+0.0060%	8h	227.67	+0.003%	$3.5M	$2.1M	—	as long as short
Nado NVDA-PERP	+0.0062%	1h	227.54	−0.051%	$484K	$228K	20x	as long as short
Lighter NVDA	+0.0072%	1h	227.64	−0.007%	$2.2M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.51	−0.065%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.49	−0.074%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.62	−0.017%	$36K	$21K	20x	as long as short
Binance NVDAUSDTlong	+0.0111%	8h	227.66	long leg	$156.1M	$215.9M	50x
Aevo NVDA-PERP	+0.0112%	1h	227.64	−0.009%	—	—	10x	as long as short
KuCoin NVDAUSDTM	+0.0121%	8h	227.64	−0.008%	$1.6M	$724K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	227.53	−0.056%	$1.3M	$775K	10x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.80	+0.062%	$5.1M	$7.1M	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.57	−0.039%	$94K	$112K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.92	+0.115%	$73K	$135	30x	as long as short
BloFin NVDA-USDT	+0.0231%	8h	227.61	−0.021%	$722K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0280%	1h	227.50	−0.069%	$669K	$768K	10x	as long as short
edgeX NVDAUSDC	+0.0633%	4h	227.64	−0.008%	$171K	$1.9M	20x	as long as short