Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0015%/8h= +1.7% APRpaid last 24h 0.000%

Price spread now: Aftermath Perps against OKX+0.002%7-day average −0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$410.407% of the position

Long on OKX Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.120%−$12 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.002%, 7d avg −0.054%

Together, before fees−0.181%−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Aftermath Perps is 0.056% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.054%. Mind the row above: over the last 3 days funding on this pair cost −0.120%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NVDA-USDT-SWAP	226.57	0	get 0.0000% / 8h	1h 06m	$14.1M	$20.6M	50x
Short	Aftermath Perps NVDAUSD	226.57	0.0015	get 0.0002% / 1h	6m 22s	$117K	$51K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against OKX. 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 OKXbpFee Aftermath PerpsbpOrdersPrice spread, now +0.002%Rate

Funding earned: $3.21
Price spread: +0.002% → −0.054%: $5.57
Slippage, 4 orders: −$21.72
Fee OKX: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$31.95
Costs to cover: 0.407%
Break-even: 76.8 days

Slippage from OKX: live order book, 2 min ago; Aftermath Perps: live order book, 38 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 OKX live order book, 2 min ago	0.22 bp	5.4 bp −$5	6.9 bp −$69	16.9 bp −$1,687	doesn't fit
Sell Aftermath Perps live order book, 38 min ago	4.08 bp	14.4 bp −$14	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
Hotstuff NVDA-PERP	−0.0072%	1h	226.43	−0.062%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.57	0.000%	$12.4M	$14.7M	100x	as long as short
OKX NVDA-USDT-SWAPlong	0.0000%	8h	226.57	long leg	$14.1M	$20.6M	50x
Gate NVDA_USDT	0.0000%	8h	226.54	−0.013%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.64	+0.031%	$15.6M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.68	+0.049%	$21K	$420K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.12	−0.199%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.80	+0.102%	$198K	$449K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.64	+0.031%	$2.2M	$42K	10x	as long as short
Aster NVDAUSDT	+0.0011%	8h	226.41	−0.069%	$482K	$530K	20x	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	+0.0015%	1h	226.57	+0.002%	$117K	$51K	10x
Variational Omni NVDA	+0.0025%	8h	226.66	+0.041%	$3.5M	$2.3M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.57	0.000%	$399K	$732K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.61	+0.018%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.42	−0.066%	$147.1M	$43.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.52	−0.022%	$391K	$247K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.42	−0.066%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.37	−0.088%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.56	−0.004%	$1.3M	$9.1M	10x	as long as short
Binance NVDAUSDT	+0.0097%	8h	226.59	+0.011%	$154.5M	$218.4M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.38	−0.084%	$297K	$46K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.63	+0.026%	$1.6M	$743K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.43	−0.062%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.56	−0.004%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.53	−0.016%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.55	−0.009%	$93K	$112K	20x	as long as short
Lighter NVDA	+0.0112%	1h	226.55	−0.010%	$2.1M	$3.3M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.124%	$1.3M	$723K	10x	as long as short
Nado NVDA-PERP	+0.0134%	1h	226.39	−0.079%	$481K	$224K	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	226.67	+0.044%	$5.1M	$7.0M	20x	as long as short
edgeX NVDAUSDC	+0.0204%	4h	226.64	+0.033%	$170K	$1.9M	20x	as long as short
BloFin NVDA-USDT	+0.0215%	8h	226.57	0.000%	$710K	$195K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.94	+0.163%	$73K	$140	30x	as long as short
Extended NVDA_24_5-USD	+0.0400%	1h	226.31	−0.113%	$652K	$866K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0413%	1h	226.50	−0.031%	$53K	$1.8M	10x	as long as short