Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0152%/8h= −16.6% APRpaid last 24h −0.024%

Price spread now: Aster against Lighter+0.006%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$110.111% of the position

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.137%−$14 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now +0.006%, 7d avg +0.006%

Together, before fees−0.091%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NVDA	227.48	0.0152	pay 0.0019% / 1h	34m 38s	$2.1M	$3.2M	20x
Short	Aster NVDAUSDT	227.49	0	get 0.0000% / 8h	1h 34m	$474K	$578K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$31.92
Price spread: +0.006% → +0.006%: $0.06
Slippage, 4 orders: −$3.08
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$42.94
Costs to cover: 0.111%
Break-even: never at this rate

Slippage from Lighter: live order book, 3 min ago; Aster: 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 Lighter live order book, 3 min ago	0.02 bp	0.4 bp $0	1.9 bp −$19	7.3 bp −$731	doesn't fit
Sell Aster live order book, 48 min ago	0.44 bp	5.3 bp −$5	9.1 bp −$91	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	227.49	+0.006%	$474K	$578K	20x
Bybit NVDAUSDT	0.0000%	8h	227.46	−0.007%	$12.7M	$15.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.46	−0.007%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.41	−0.029%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.43	−0.021%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.43	−0.020%	$20K	$441K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.06	−0.183%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.41	−0.029%	$202K	$522K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.52	+0.019%	$2.2M	$41K	10x	as long as short
Binance NVDAUSDT	+0.0001%	8h	227.51	+0.015%	$156.2M	$220.8M	50x	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	+0.0011%	1h	227.20	−0.120%	$118K	$55K	10x	as long as short
Bitget NVDAUSDT	+0.0020%	8h	227.52	+0.019%	$15.6M	$17.9M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.27	−0.091%	$522K	$409K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.45	−0.011%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.50	+0.011%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.30	−0.077%	$147.3M	$49.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.38	−0.042%	$401K	$290K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.32	−0.069%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.27	−0.091%	$1.6M	$2.1M	15x	as long as short
edgeX NVDAUSDC	+0.0055%	4h	227.46	−0.008%	$170K	$1.9M	20x	as long as short
Phoenix NVDA	+0.0070%	1h	227.25	−0.099%	$93K	$112K	20x	as long as short
Nado NVDA-PERP	+0.0074%	1h	227.31	−0.072%	$484K	$227K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.46	−0.009%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.205%	$1.3M	$888K	10x	as long as short
BloFin NVDA-USDT	+0.0099%	8h	227.49	+0.006%	$714K	$205K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.31	−0.073%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.41	−0.029%	$1.6M	$753K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.22	−0.113%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.44	−0.016%	$36K	$22K	20x	as long as short
Lighter RH NVDA	+0.0128%	1h	227.59	+0.050%	$4.9M	$7.0M	20x	as long as short
Lighter NVDAlong	+0.0152%	1h	227.48	long leg	$2.1M	$3.2M	20x
Hotstuff NVDA-PERP	+0.0152%	1h	227.33	−0.064%	$35K	—	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.61	+0.059%	$73K	$136	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0234%	1h	227.39	−0.038%	$49K	$1.5M	10x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.36	−0.051%	$388K	$709K	20x	as long as short