Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0091%/8h= −9.9% APRpaid last 24h −0.013%

Price spread now: Aftermath Perps against Orderly−0.109%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Aftermath Perps

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—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aftermath Perps is 0.109% cheaper against Orderly than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NVDA_USDC	226.83	0.0100	pay 0.0100% / 8h	2h 55m	$36K	$21K	20x
Short	Aftermath Perps NVDAUSD	226.58	0.0009	get 0.0001% / 1h	55m 35s	$117K	$53K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Orderly. 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 OrderlybpFee Aftermath PerpsbpOrdersPrice spread, now −0.109%Rate

Funding earned: −$19.03
Price spread: −0.109% → 0.000%: −$10.94
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$44.97
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Aftermath Perps: live order book, 58 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 Orderly no order-book sample	—	—	—	—	—
Sell Aftermath Perps live order book, 58 min ago	4.57 bp	11.1 bp −$11	doesn't fit	doesn't fit	doesn't fit

Orderly: 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 NVDAUSDT	0.0000%	8h	226.85	+0.008%	$483K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.82	−0.004%	$12.5M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.82	−0.004%	$14.3M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.80	−0.013%	$7.3M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.85	+0.009%	$15.3M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.77	−0.027%	$21K	$405K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.53	−0.132%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.79	−0.018%	$52K	$1.7M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.94	+0.048%	$198K	$464K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.89	+0.026%	$2.2M	$43K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NVDA-PERP	+0.0008%	1h	226.69	−0.062%	$35K	—	20x	as long as short
Aftermath Perps NVDAUSDshort	+0.0009%	1h	226.58	−0.109%	$117K	$53K	10x
Variational Omni NVDA	+0.0013%	8h	226.84	+0.002%	$3.6M	$2.1M	—	as long as short
Lighter NVDA	+0.0032%	1h	226.77	−0.027%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.73	−0.044%	$398K	$733K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.82	−0.004%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.93	+0.044%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.71	−0.053%	$147.3M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.77	−0.026%	$399K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.70	−0.057%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.57	−0.115%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0069%	1h	226.72	−0.051%	$482K	$226K	20x	as long as short
Binance NVDAUSDT	+0.0084%	8h	226.84	+0.004%	$155.2M	$217.0M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.72	−0.048%	$298K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.83	0.000%	$1.6M	$734K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.72	−0.048%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDClong	+0.0100%	8h	226.83	long leg	$36K	$21K	20x
Aevo NVDA-PERP	+0.0104%	1h	226.82	−0.006%	—	—	10x	as long as short
Lighter RH NVDA	+0.0128%	1h	226.98	+0.066%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.63	−0.088%	$1.3M	$782K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	226.57	−0.115%	$93K	$112K	20x	as long as short
BloFin NVDA-USDT	+0.0204%	8h	226.86	+0.013%	$719K	$190K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.12	+0.128%	$73K	$135	30x	as long as short
Extended NVDA_24_5-USD	+0.0232%	1h	226.66	−0.075%	$668K	$767K	10x	as long as short
edgeX NVDAUSDC	+0.0923%	4h	226.73	−0.044%	$170K	$1.9M	20x	as long as short