Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.011%

Price spread now: Aster against Ondo Perps+0.088%7-day average +0.104% · you sell dearer than you buy

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

Long on Ondo Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)+0.150%+$15 · spread now +0.088%, 7d avg +0.104%

Together, before fees+0.216%+ Points / potential airdropOndo Perps: Active · Aster: Stage 5 · farm board+$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.104%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.066%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NVDA-USD.P	227.22	0.0050	pay 0.0006% / 1h	9m 28s	$1.6M	$2.1M	15x
Short	Aster NVDAUSDT	227.42	0	get 0.0000% / 8h	1h 09m	$474K	$587K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Ondo Perps. 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 Ondo PerpsbpFee AsterbpOrdersPrice spread, now +0.088%Rate

Funding earned: −$10.58
Price spread: +0.088% → +0.104%: −$1.56
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$25.14
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Aster: live order book, 8 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Aster live order book, 8 min ago	0.22 bp	4.6 bp −$5	7.9 bp −$79	314.1 bp −$31.4K	doesn't fit

Ondo Perps: 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
Aster NVDAUSDTshort	0.0000%	8h	227.42	+0.088%	$474K	$587K	20x
Bybit NVDAUSDT	0.0000%	8h	227.45	+0.101%	$12.7M	$15.5M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.40	+0.079%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.38	+0.070%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.41	+0.086%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.49	+0.119%	$20K	$432K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.91	−0.136%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.47	+0.110%	$198K	$527K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.42	+0.088%	$2.2M	$42K	10x	as long as short
Hotstuff NVDA-PERP	+0.0008%	1h	227.26	+0.018%	$35K	—	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 NVDAUSD	+0.0021%	1h	227.46	+0.108%	$118K	$55K	10x	as long as short
Binance NVDAUSDT	+0.0025%	8h	227.45	+0.101%	$156.3M	$220.8M	50x	as long as short
Bitget NVDAUSDT	+0.0031%	8h	227.45	+0.101%	$15.6M	$17.7M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.23	+0.003%	$536K	$446K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.40	+0.079%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.46	+0.106%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.26	+0.018%	$147.3M	$48.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.32	+0.044%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.28	+0.026%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.Plong	+0.0050%	1h	227.22	long leg	$1.6M	$2.1M	15x
Phoenix NVDA	+0.0070%	1h	227.34	+0.053%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.42	+0.086%	—	—	10x	as long as short
BloFin NVDA-USDT	+0.0095%	8h	227.44	+0.097%	$713K	$204K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.092%	$1.3M	$863K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.25	+0.013%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.47	+0.110%	$1.6M	$748K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.30	+0.035%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.39	+0.075%	$36K	$22K	20x	as long as short
edgeX NVDAUSDC	+0.0100%	4h	227.42	+0.086%	$170K	$1.9M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.32	+0.044%	$49K	$1.4M	10x	as long as short
Nado NVDA-PERP	+0.0102%	1h	227.27	+0.023%	$483K	$227K	20x	as long as short
Lighter RH NVDA	+0.0176%	1h	227.56	+0.150%	$5.1M	$7.2M	20x	as long as short
Lighter NVDA	+0.0192%	1h	227.46	+0.104%	$2.1M	$3.3M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.80	+0.255%	$73K	$139	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.27	+0.022%	$400K	$723K	20x	as long as short