Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.008%

Price spread now: Aster against Extended+0.064%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$210.206% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 4 days (all we have)+0.064%+$6 · spread now +0.064%, 7d avg +0.056%

Together, before fees+0.125%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.056%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.061%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NVDA_24_5-USD	227.41	0.0032	pay 0.0004% / 1h	4m 22s	$535K	$447K	10x
Short	Aster NVDAUSDT	227.55	0	get 0.0000% / 8h	4m 22s	$483K	$586K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.064%Rate

Funding earned: −$6.72
Price spread: +0.064% → +0.056%: $0.8
Slippage, 4 orders: −$7.65
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$26.57
Costs to cover: 0.206%
Break-even: never at this rate

Slippage from Extended: live order book, 9 min ago; Aster: live order book, 8 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 Extended live order book, 9 min ago	0.22 bp	3.8 bp −$4	52.6 bp −$526	doesn't fit	doesn't fit
Sell Aster live order book, 8 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	227.55	+0.064%	$483K	$586K	20x
Bybit NVDAUSDT	0.0000%	8h	227.54	+0.059%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.50	+0.042%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.46	+0.024%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.52	+0.052%	$3.6M	$1.9M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.42	+0.007%	$20K	$407K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.12	−0.125%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.61	+0.090%	$198K	$524K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.58	+0.077%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0017%	1h	227.33	−0.033%	$118K	$56K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NVDAUSDT	+0.0023%	8h	227.54	+0.059%	$15.5M	$17.4M	100x	as long as short
Extended NVDA_24_5-USDlong	+0.0032%	1h	227.41	long leg	$535K	$447K	10x
Binance NVDAUSDT	+0.0036%	8h	227.54	+0.059%	$156.4M	$219.3M	50x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.67	+0.117%	—	$74K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	227.42	+0.007%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.41	+0.002%	$147.9M	$48.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.50	+0.042%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.40	−0.002%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.29	−0.051%	$1.6M	$2.1M	15x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.50	+0.042%	$1.6M	$11.5M	10x	as long as short
Nado NVDA-PERP	+0.0062%	1h	227.45	+0.020%	$484K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.52	+0.050%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.174%	$1.3M	$842K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.42	+0.005%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.38	−0.011%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.48	+0.033%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.52	+0.051%	$49K	$1.4M	10x	as long as short
Phoenix NVDA	+0.0106%	1h	227.35	−0.024%	$93K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0111%	8h	227.46	+0.024%	$1.6M	$742K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.37	−0.015%	$400K	$724K	20x	as long as short
BloFin NVDA-USDT	+0.0144%	8h	227.49	+0.037%	$714K	$205K	20x	as long as short
Lighter NVDA	+0.0176%	1h	227.58	+0.077%	$2.2M	$3.3M	20x	as long as short
Lighter RH NVDA	+0.0176%	1h	227.70	+0.130%	$5.1M	$7.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.67	+0.117%	$73K	$140	30x	as long as short
edgeX NVDAUSDC	+0.0498%	4h	227.48	+0.032%	$171K	$1.9M	20x	as long as short