Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0063%/8h= −6.9% APRpaid last 24h −0.101%

Price spread now: Aftermath Perps against edgeX−0.107%7-day average −0.047% · 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−$53as in the Price arb table

costs, in and out, $10k−$480.475% of the position

Long on edgeX Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.552%−$55 on $10k

Price spread, last 3 days (all we have)0.000%$0 · spread now −0.107%, 7d avg −0.047%

Together, before fees−0.552%+ Points / potential airdropedgeX: Active · farm board−$55 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aftermath Perps is 0.059% cheaper against edgeX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.047%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NVDAUSDC	227.49	0.0074	pay 0.0037% / 4h	1h 33m	$170K	$1.9M	20x
Short	Aftermath Perps NVDAUSD	227.24	0.0011	get 0.0001% / 1h	33m 07s	$118K	$55K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against edgeX. 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 edgeXbpFee Aftermath PerpsbpOrdersPrice spread, now −0.107%Rate

Funding earned: −$13.21
Price spread: −0.107% → −0.047%: −$5.92
Slippage, 4 orders: −$29.53
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$66.65
Costs to cover: 0.475%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; Aftermath Perps: live order book, 51 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 edgeX live order book, 1 min ago	3.30 bp	8.1 bp −$8	12.6 bp −$126	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 51 min ago	9.12 bp	15.6 bp −$16	66.5 bp −$665	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
Hotstuff NVDA-PERP	−0.0040%	1h	227.31	−0.078%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.49	+0.001%	$474K	$578K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.46	−0.012%	$12.7M	$15.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.47	−0.007%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.40	−0.038%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.43	−0.025%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.46	−0.010%	$20K	$441K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.04	−0.196%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.41	−0.034%	$202K	$522K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.52	+0.015%	$2.2M	$41K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NVDAUSDT	+0.0004%	8h	227.50	+0.005%	$156.2M	$220.7M	50x	as long as short
Aftermath Perps NVDAUSDshort	+0.0011%	1h	227.24	−0.107%	$118K	$55K	10x
Bitget NVDAUSDT	+0.0020%	8h	227.52	+0.015%	$15.6M	$17.9M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.27	−0.093%	$522K	$409K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.45	−0.016%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.51	+0.010%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.32	−0.073%	$147.3M	$49.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.37	−0.051%	$401K	$290K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.33	−0.069%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.27	−0.095%	$1.6M	$2.1M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.40	−0.038%	$49K	$1.5M	10x	as long as short
BloFin NVDA-USDT	+0.0058%	8h	227.48	−0.003%	$714K	$205K	20x	as long as short
Phoenix NVDA	+0.0070%	1h	227.25	−0.104%	$93K	$112K	20x	as long as short
edgeX NVDAUSDClong	+0.0074%	4h	227.49	long leg	$170K	$1.9M	20x
Nado NVDA-PERP	+0.0079%	1h	227.33	−0.067%	$484K	$227K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.48	−0.005%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.210%	$1.3M	$888K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.31	−0.078%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.43	−0.025%	$1.6M	$754K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.30	−0.082%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.46	−0.012%	$36K	$22K	20x	as long as short
Lighter RH NVDA	+0.0128%	1h	227.62	+0.059%	$4.9M	$7.0M	20x	as long as short
Lighter NVDA	+0.0152%	1h	227.50	+0.004%	$2.1M	$3.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.61	+0.054%	$73K	$136	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.38	−0.047%	$388K	$709K	20x	as long as short