Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0146%/8h= −16.0% APRpaid last 24h −0.027%

Price spread now: Aster against Deribit+0.017%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$240.242% of the position

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.104%−$10 on $10k

Price spread, last 3 days (all we have)+0.045%+$4 · spread now +0.017%, 7d avg +0.034%

Together, before fees−0.060%+ Points / potential airdropAster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.034%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NVDA_USDC-PERPETUAL	227.55	0.0146	pay 0.0018% / 1h	39m 29s	$49K	$1.4M	10x
Short	Aster NVDAUSDT	227.59	0	get 0.0000% / 8h	7h 39m	$483K	$586K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$30.59
Price spread: +0.017% → +0.034%: −$1.63
Slippage, 4 orders: −$9.21
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$56.43
Costs to cover: 0.242%
Break-even: never at this rate

Slippage from Deribit: live order book, 4 min ago; Aster: live order book, 33 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 Deribit live order book, 4 min ago	3.08 bp	7.0 bp −$7	8.9 bp −$89	doesn't fit	doesn't fit
Sell Aster live order book, 33 min ago	0.88 bp	5.3 bp −$5	10.2 bp −$102	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 NVDAUSDTshort	0.0000%	8h	227.59	+0.017%	$483K	$586K	20x
Bybit NVDAUSDT	0.0000%	8h	227.59	+0.018%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.59	+0.018%	$14.4M	$20.7M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.55	0.000%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.67	+0.053%	$3.6M	$1.9M	—	as long as short
SunX NVDA-USDT	0.0000%	8h	227.18	−0.163%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	−0.031%	$197K	$514K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.66	+0.048%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0017%	1h	227.56	+0.002%	$118K	$56K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0022%	8h	227.72	+0.075%	$20K	$397K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	227.41	−0.062%	$536K	$446K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.51	−0.018%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.56	+0.004%	$1.6M	$11.3M	10x	as long as short
Binance NVDAUSDT	+0.0043%	8h	227.63	+0.033%	$156.4M	$217.3M	50x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.67	+0.053%	—	$74K	25x	as long as short
Bitget NVDAUSDT	+0.0047%	8h	227.65	+0.044%	$15.5M	$17.0M	100x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.45	−0.044%	$147.9M	$46.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.57	+0.009%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.48	−0.031%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.45	−0.044%	$1.6M	$2.0M	15x	as long as short
Hotstuff NVDA-PERP	+0.0072%	1h	227.45	−0.044%	$35K	—	20x	as long as short
Nado NVDA-PERP	+0.0077%	1h	227.49	−0.028%	$483K	$229K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.040%	$1.3M	$803K	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.61	+0.025%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.45	−0.046%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.53	−0.009%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.60	+0.022%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.55	0.000%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0123%	8h	227.66	+0.048%	$1.6M	$741K	20x	as long as short
Lighter NVDA	+0.0136%	1h	227.63	+0.037%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.75	+0.088%	$5.1M	$7.1M	20x	as long as short
Deribit NVDA_USDC-PERPETUALlong	+0.0146%	1h	227.55	long leg	$49K	$1.4M	10x
BloFin NVDA-USDT	+0.0163%	8h	227.68	+0.057%	$716K	$206K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.38	+0.365%	$73K	$136	30x	as long as short
edgeX NVDAUSDC	+0.0910%	4h	227.67	+0.055%	$170K	$1.9M	20x	as long as short