Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0016%/8h= +1.7% APRpaid last 24h +0.015%

Price spread now: Aftermath Perps against Bybit−0.108%7-day average −0.046% · 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−$46as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on Bybit Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.101%−$10 on $10k

Price spread, last 4 days (all we have)+0.139%+$14 · spread now −0.108%, 7d avg −0.046%

Together, before fees+0.039%+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aftermath Perps is 0.062% cheaper against Bybit than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of −0.046%). If the spread goes back, that is −$6 on $10k: about 13 days of funding at the current rate ($0 a day). Mind the row above: over the last 4 days funding on this pair cost −0.101%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NVDAUSDT	226.39	0	get 0.0000% / 8h	7h 58m	$12.5M	$14.5M	100x
Short	Aftermath Perps NVDAUSD	226.14	0.0016	get 0.0002% / 1h	58m 51s	$117K	$51K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Bybit. 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 BybitbpFee Aftermath PerpsbpOrdersPrice spread, now −0.108%Rate

Funding earned: $3.29
Price spread: −0.108% → −0.046%: −$6.18
Slippage, 4 orders: −$20.01
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$42.9
Costs to cover: 0.400%
Break-even: 98.1 days

Slippage from Bybit: live order book, 4 min ago; Aftermath Perps: 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 Bybit live order book, 4 min ago	0.22 bp	6.8 bp −$7	9.7 bp −$97	60.6 bp −$6,062	doesn't fit
Sell Aftermath Perps live order book, 40 min ago	1.94 bp	6.4 bp −$6	28.5 bp −$285	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 NVDAUSDTlong	0.0000%	8h	226.39	long leg	$12.5M	$14.5M	100x
OKX NVDA-USDT-SWAP	0.0000%	8h	226.44	+0.022%	$14.1M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.29	−0.044%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.45	+0.027%	$15.8M	$16.4M	100x	as long as short
Nado NVDA-PERP	0.0000%	1h	226.18	−0.091%	$480K	$223K	20x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.85	−0.239%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.21	−0.080%	$198K	$438K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.58	+0.084%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSDshort	+0.0016%	1h	226.14	−0.108%	$117K	$51K	10x
Arcus NVDA-USD	+0.0040%	1h	226.23	−0.071%	$392K	$738K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NVDA-USD-PERP	+0.0046%	1h	226.42	+0.013%	—	$74K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	226.21	−0.080%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.25	−0.062%	$146.9M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.24	−0.066%	$391K	$247K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.15	−0.106%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.10	−0.128%	$1.6M	$1.9M	15x	as long as short
GRVT NVDA_USDT_Perp	+0.0058%	8h	226.32	−0.031%	$22K	$423K	10x	as long as short
QFEX NVDA-USD	+0.0064%	1h	226.35	−0.018%	$1.3M	$9.0M	10x	as long as short
Aster NVDAUSDT	+0.0073%	8h	226.32	−0.032%	$482K	$530K	20x	as long as short
Variational Omni NVDA	+0.0099%	8h	226.31	−0.033%	$3.5M	$2.3M	—	as long as short
Pacifica NVDA	+0.0100%	1h	226.10	−0.128%	$297K	$48K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.17	−0.097%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.39	0.000%	$36K	$21K	20x	as long as short
KuCoin NVDAUSDTM	+0.0113%	8h	226.37	−0.009%	$1.6M	$858K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.41	+0.010%	—	—	10x	as long as short
Lighter RH NVDA	+0.0136%	1h	226.48	+0.040%	$5.1M	$6.8M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.23	−0.071%	$1.3M	$696K	10x	as long as short
Binance NVDAUSDT	+0.0160%	8h	226.45	+0.026%	$155.4M	$220.5M	50x	as long as short
Lighter NVDA	+0.0168%	1h	226.32	−0.031%	$2.1M	$3.2M	20x	as long as short
Phoenix NVDA	+0.0177%	1h	226.36	−0.013%	$93K	$83K	20x	as long as short
edgeX NVDAUSDC	+0.0202%	4h	226.42	+0.014%	$170K	$1.9M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.72	+0.146%	$73K	$135	30x	as long as short
BloFin NVDA-USDT	+0.0280%	8h	226.42	+0.013%	$711K	$196K	20x	as long as short
Extended NVDA_24_5-USD	+0.0296%	1h	226.19	−0.087%	$646K	$878K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0856%	1h	226.30	−0.040%	$53K	$1.9M	10x	as long as short