Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.030%

Price spread now: Aster against Hotstuff+0.081%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · Aster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.081% dearer against Hotstuff than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff NVDA-PERP	227.27	−0.0032	get 0.0004% / 1h	12m 13s	$35K	—	20x
Short	Aster NVDAUSDT	227.45	0	get 0.0000% / 8h	1h 12m	$474K	$578K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hotstuff. 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 HotstuffbpFee AsterbpOrdersPrice spread, now +0.081%Rate

Funding earned: $6.72
Price spread: +0.081% → 0.000%: $8.07
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: $1.79
Costs to cover: 0.130%
Break-even: 5.1 days

Slippage unknown: Hotstuff: no order-book sample; Aster: live order book, 5 min ago. Net counts fees only.

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 Hotstuff no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	0.22 bp	4.6 bp −$5	7.9 bp −$79	314.1 bp −$31.4K	doesn't fit

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-PERPlong	−0.0032%	1h	227.27	long leg	$35K	—	20x
Aster NVDAUSDTshort	0.0000%	8h	227.45	+0.081%	$474K	$578K	20x
Bybit NVDAUSDT	0.0000%	8h	227.44	+0.075%	$12.7M	$15.5M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.41	+0.062%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.37	+0.044%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.42	+0.064%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.48	+0.092%	$20K	$432K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.96	−0.136%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.47	+0.088%	$198K	$527K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.42	+0.066%	$2.2M	$42K	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 NVDAUSD	+0.0020%	1h	227.46	+0.086%	$118K	$55K	10x	as long as short
Binance NVDAUSDT	+0.0024%	8h	227.44	+0.075%	$156.3M	$220.7M	50x	as long as short
Bitget NVDAUSDT	+0.0030%	8h	227.45	+0.079%	$15.6M	$17.7M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.22	−0.020%	$536K	$446K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.40	+0.057%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.46	+0.084%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.27	0.000%	$147.3M	$49.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.32	+0.022%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.28	+0.004%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.29	+0.009%	$1.6M	$2.1M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.33	+0.026%	$49K	$1.4M	10x	as long as short
Phoenix NVDA	+0.0070%	1h	227.34	+0.031%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.42	+0.067%	—	—	10x	as long as short
BloFin NVDA-USDT	+0.0090%	8h	227.49	+0.097%	$715K	$204K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.114%	$1.3M	$863K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.28	+0.004%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.51	+0.106%	$1.6M	$749K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.29	+0.009%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.39	+0.053%	$36K	$22K	20x	as long as short
Nado NVDA-PERP	+0.0101%	1h	227.27	0.000%	$483K	$227K	20x	as long as short
edgeX NVDAUSDC	+0.0172%	4h	227.42	+0.068%	$170K	$1.9M	20x	as long as short
Lighter RH NVDA	+0.0176%	1h	227.56	+0.128%	$5.1M	$7.2M	20x	as long as short
Lighter NVDA	+0.0192%	1h	227.46	+0.081%	$2.1M	$3.3M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.80	+0.233%	$73K	$139	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.25	−0.009%	$400K	$723K	20x	as long as short