Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0014%/8h= +1.6% APRpaid last 24h +0.016%

Price spread now: Aftermath Perps against Gate−0.075%7-day average −0.035% · 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−$58as in the Price arb table

costs, in and out, $10k−$530.535% of the position

Long on Gate Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.023%−$2 on $10k

Price spread, last 3 days (all we have)+0.039%+$4 · spread now −0.075%, 7d avg −0.035%

Together, before fees+0.016%+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aftermath Perps is 0.040% cheaper against Gate than usual: you would sell low and buy high (spread −0.075% now, against its 7-day average of −0.035%). If the spread goes back, that is −$4 on $10k: about 9.4 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NVDA_USDT	227.85	0	get 0.0000% / 8h	7h 16m	$7.2M	$9.7M	100x
Short	Aftermath Perps NVDAUSD	227.68	0.0014	get 0.0002% / 1h	16m 46s	$118K	$55K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Gate. 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 GatebpFee Aftermath PerpsbpOrdersPrice spread, now −0.075%Rate

Funding earned: $3.03
Price spread: −0.075% → −0.035%: −$4.04
Slippage, 4 orders: −$29.49
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$54.51
Costs to cover: 0.535%
Break-even: 133.1 days

Slippage from Gate: live order book, 2 min ago; Aftermath Perps: live order book, 57 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 Gate live order book, 2 min ago	0.22 bp	11.5 bp −$11	19.3 bp −$193	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 57 min ago	2.66 bp	7.8 bp −$8	doesn't fit	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 NVDAUSDT	0.0000%	8h	227.70	−0.064%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.91	+0.026%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.94	+0.039%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDTlong	0.0000%	8h	227.85	long leg	$7.2M	$9.7M	100x
Variational Omni NVDA	0.0000%	8h	227.85	−0.001%	$3.5M	$1.9M	—	as long as short
SunX NVDA-USDT	0.0000%	8h	227.46	−0.171%	$3K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.88	+0.013%	$198K	$510K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.91	+0.026%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSDshort	+0.0014%	1h	227.68	−0.075%	$118K	$55K	10x
Extended NVDA_24_5-USD	+0.0032%	1h	227.74	−0.050%	$524K	$473K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NVDA-USD	+0.0040%	1h	227.70	−0.066%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.86	+0.004%	$1.6M	$11.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.96	+0.048%	—	$74K	25x	as long as short
Bitget NVDAUSDT	+0.0046%	8h	227.89	+0.018%	$15.5M	$16.9M	100x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.78	−0.031%	$147.9M	$46.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.84	−0.004%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.74	−0.048%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.69	−0.070%	$1.5M	$2.1M	15x	as long as short
Binance NVDAUSDT	+0.0066%	8h	227.95	+0.044%	$156.6M	$217.4M	50x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.171%	$1.3M	$800K	10x	as long as short
Nado NVDA-PERP	+0.0086%	1h	227.78	−0.032%	$484K	$229K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0094%	8h	227.87	+0.009%	$20K	$389K	10x	as long as short
Hotstuff NVDA-PERP	+0.0096%	1h	227.74	−0.048%	$35K	—	20x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.88	+0.012%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.76	−0.039%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.69	−0.070%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.87	+0.009%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.73	−0.053%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0136%	8h	227.89	+0.018%	$1.6M	$735K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0145%	1h	227.82	−0.013%	$49K	$1.5M	10x	as long as short
Lighter NVDA	+0.0152%	1h	227.94	+0.039%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	228.06	+0.092%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0184%	8h	227.94	+0.039%	$718K	$206K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.36	+0.224%	$73K	$139	30x	as long as short
edgeX NVDAUSDC	+0.0924%	4h	227.82	−0.015%	$170K	$1.9M	20x	as long as short