Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h +0.012%

Price spread now: Aftermath Perps against GRVT−0.079%67s7-day average −0.048% · 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—prices read too far apart to compare

costs, in and out, $10k−$450.454% of the position

Long on GRVT Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.097%−$10 on $10k

Price spread, last 3 days (all we have)−0.013%−$1 · spread now −0.079%, 7d avg −0.048%

Together, before fees−0.110%+ Points / potential airdropGRVT: Active · farm board−$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aftermath Perps is 0.032% cheaper against GRVT than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of −0.048%). If the spread goes back, that is −$3 on $10k: about 9.7 days of funding at the current rate ($0 a day). Mind the row above: over the last 3 days funding on this pair cost −0.097%, so the current rate has only just turned in your favour. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT NVDA_USDT_Perp	227.35	0	get 0.0000% / 8h	1h 35m	$20K	$446K	10x
Short	Aftermath Perps NVDAUSD	227.17	0.0011	get 0.0001% / 1h	35m 53s	$118K	$55K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against GRVT. 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 GRVTbpFee Aftermath PerpsbpOrdersPrice spread, now −0.079%Rate

Funding earned: $2.3
Price spread: −0.079% → −0.048%: −$3.17
Slippage, 4 orders: −$27.43
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$46.3
Costs to cover: 0.454%
Break-even: 148.0 days

Slippage from GRVT: live order book, 47 min ago; Aftermath Perps: live order book, 48 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 GRVT live order book, 47 min ago	1.10 bp	6.6 bp −$7	9.7 bp −$97	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 48 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
Aster NVDAUSDT	0.0000%	8h	227.47	+0.054%	$474K	$574K	20x	as long as short
Binance NVDAUSDT	0.0000%	8h	227.49	+0.061%	$156.2M	$220.9M	50x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.45	+0.044%	$12.7M	$15.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.45	+0.044%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.40	+0.022%	$7.2M	$9.5M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.34	−0.005%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perplong	0.0000%	8h	227.35	long leg	$20K	$446K	10x
SunX NVDA-USDT	0.0000%	8h	227.04	−0.136%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.41	+0.027%	$202K	$522K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.47	+0.053%	$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
Aftermath Perps NVDAUSDshort	+0.0011%	1h	227.17	−0.079%	$118K	$55K	10x
Bitget NVDAUSDT	+0.0019%	8h	227.49	+0.062%	$15.6M	$18.0M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.25	−0.046%	$522K	$409K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.45	+0.044%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.50	+0.066%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.28	−0.031%	$147.3M	$49.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.38	+0.013%	$401K	$290K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.29	−0.026%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.27	−0.035%	$1.6M	$2.1M	15x	as long as short
Phoenix NVDA	+0.0070%	1h	227.25	−0.044%	$93K	$112K	20x	as long as short
Nado NVDA-PERP	+0.0072%	1h	227.32	−0.014%	$484K	$227K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.45	+0.044%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.149%	$1.3M	$888K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.29	−0.027%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.37	+0.009%	$1.6M	$752K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.22	−0.057%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.43	+0.035%	$36K	$22K	20x	as long as short
Lighter RH NVDA	+0.0120%	1h	227.58	+0.101%	$4.9M	$7.0M	20x	as long as short
BloFin NVDA-USDT	+0.0120%	8h	227.49	+0.062%	$714K	$205K	20x	as long as short
Lighter NVDA	+0.0144%	1h	227.47	+0.053%	$2.1M	$3.2M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0146%	1h	227.37	+0.009%	$49K	$1.5M	10x	as long as short
Hotstuff NVDA-PERP	+0.0152%	1h	227.33	−0.009%	$35K	—	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.61	+0.115%	$73K	$136	30x	as long as short
edgeX NVDAUSDC	+0.0268%	4h	227.36	+0.004%	$170K	$1.9M	20x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.35	0.000%	$388K	$709K	20x	as long as short