Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0020%/8h= +2.1% APRpaid last 24h +0.017%

Price spread now: Aftermath Perps against SunX+0.181%7-day average +0.069% · 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−$81as in the Price arb table

costs, in and out, $10k−$920.918% of the position

Long on SunX Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.096%−$10 on $10k

Price spread, last 4 days (all we have)−0.156%−$16 · spread now +0.181%, 7d avg +0.069%

Together, before fees−0.252%−$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aftermath Perps is 0.111% dearer against SunX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.069%. Mind the row above: over the last 3 days funding on this pair cost −0.096%, 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	SunX NVDA-USDT	227.16	0	get 0.0000% / 8h	4h 50m	$2K	$3.7M	20x
Short	Aftermath Perps NVDAUSD	227.57	0.0020	get 0.0002% / 1h	50m 13s	$118K	$54K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against SunX. 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 SunXbpFee Aftermath PerpsbpOrdersPrice spread, now +0.181%Rate

Funding earned: $4.11
Price spread: +0.181% → +0.069%: $11.15
Slippage, 4 orders: −$74.8
Fee SunX: 4 bp × 2 orders: −$8
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$76.54
Costs to cover: 0.918%
Break-even: 137.3 days

Slippage from SunX: live order book, 8 min ago; Aftermath Perps: live order book, 9 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 SunX live order book, 8 min ago	21.97 bp	38.1 bp −$38	67.6 bp −$676	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 9 min ago	5.75 bp	15.5 bp −$16	28.7 bp −$287	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
Bybit NVDAUSDT	0.0000%	8h	227.54	+0.167%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.52	+0.158%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.51	+0.154%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.60	+0.194%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDTlong	0.0000%	8h	227.16	long leg	$2K	$3.7M	20x
HTX NVDA-USDT	0.0000%	8h	227.64	+0.211%	$198K	$472K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.68	+0.229%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSDshort	+0.0020%	1h	227.57	+0.181%	$118K	$54K	10x
Arcus NVDA-USD	+0.0040%	1h	227.63	+0.207%	$406K	$744K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.69	+0.233%	—	$74K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0046%	8h	227.64	+0.213%	$483K	$590K	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.43	+0.119%	$147.8M	$43.7M	20x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.42	+0.114%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.49	+0.145%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.61	+0.198%	$1.4M	$9.4M	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0067%	8h	227.75	+0.261%	$20K	$385K	10x	as long as short
Variational Omni NVDA	+0.0076%	8h	227.62	+0.200%	$3.5M	$2.1M	—	as long as short
Polymarket Perps NVDA-USD	+0.0083%	1h	227.55	+0.172%	$401K	$276K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.45	+0.129%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.52	+0.158%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.53	+0.163%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	+0.163%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.55	+0.172%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0131%	8h	227.55	+0.172%	$156.6M	$216.0M	50x	as long as short
Phoenix NVDA	+0.0141%	1h	227.64	+0.211%	$94K	$112K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0146%	1h	227.51	+0.154%	$49K	$1.6M	10x	as long as short
KuCoin NVDAUSDTM	+0.0157%	8h	227.65	+0.216%	$1.6M	$725K	20x	as long as short
Hotstuff NVDA-PERP	+0.0168%	1h	227.47	+0.136%	$35K	—	20x	as long as short
Lighter NVDA	+0.0176%	1h	227.51	+0.155%	$2.2M	$3.3M	20x	as long as short
Nado NVDA-PERP	+0.0176%	1h	227.47	+0.137%	$484K	$228K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.02	+0.379%	$73K	$134	30x	as long as short
BloFin NVDA-USDT	+0.0250%	8h	227.71	+0.242%	$724K	$201K	20x	as long as short
Lighter RH NVDA	+0.0256%	1h	227.66	+0.220%	$5.1M	$7.1M	20x	as long as short
Extended NVDA_24_5-USD	+0.0536%	1h	227.41	+0.112%	$686K	$733K	10x	as long as short
edgeX NVDAUSDC	+0.0612%	4h	227.71	+0.241%	$171K	$1.9M	20x	as long as short