Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0027%/8h= +3.0% APRpaid last 24h +0.001%

Price spread now: Aster against tradeXYZ+0.085%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now +0.085%, 7d avg +0.063%

Together, before fees+0.017%+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm board+$2 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 Aster is 0.022% dearer against tradeXYZ than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NVDA	226.07	0.0050	pay 0.0006% / 1h	40m 57s	$146.9M	$43.4M	20x
Short	Aster NVDAUSDT	226.26	0.0077	get 0.0077% / 8h	7h 40m	$481K	$538K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now +0.085%Rate

Funding earned: $5.76
Price spread: +0.085% → +0.063%: $2.16
Slippage, 4 orders: −$4.06
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$22.14
Costs to cover: 0.301%
Break-even: 33.9 days

Slippage from tradeXYZ: live order book, 8 min ago; Aster: live order book, 57 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 tradeXYZ live order book, 8 min ago	0.44 bp	10.1 bp −$10	11.5 bp −$115	doesn't fit	doesn't fit
Sell Aster live order book, 57 min ago	0.44 bp	4.9 bp −$5	7.5 bp −$75	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	−0.0024%	1h	226.17	+0.044%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.18	+0.049%	$12.5M	$14.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.20	+0.058%	$14.1M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.17	+0.044%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.25	+0.080%	$15.8M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.33	+0.115%	$21K	$428K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.95	−0.053%	$2K	$3.5M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.16	+0.040%	$53K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.38	+0.137%	$198K	$437K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.56	+0.217%	$2.2M	$41K	10x	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	+0.0013%	1h	226.13	+0.026%	$117K	$51K	10x	as long as short
Lighter NVDA	+0.0032%	1h	226.19	+0.051%	$2.1M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0032%	1h	226.31	+0.106%	$5.1M	$6.9M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.06	−0.004%	$644K	$879K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.19	+0.053%	$392K	$736K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.34	+0.119%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDAlong	+0.0050%	1h	226.07	long leg	$146.9M	$43.4M	20x
Polymarket Perps NVDA-USD	+0.0050%	1h	226.06	−0.004%	$390K	$242K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.09	+0.009%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.07	0.000%	$1.6M	$1.9M	15x	as long as short
Nado NVDA-PERP	+0.0057%	1h	226.12	+0.023%	$480K	$223K	20x	as long as short
QFEX NVDA-USD	+0.0072%	1h	226.21	+0.062%	$1.3M	$9.1M	10x	as long as short
Aster NVDAUSDTshort	+0.0077%	8h	226.26	+0.085%	$481K	$538K	20x
Pacifica NVDA	+0.0100%	1h	226.08	+0.003%	$297K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.31	+0.106%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.23	+0.071%	$36K	$20K	20x	as long as short
Variational Omni NVDA	+0.0106%	8h	226.32	+0.110%	$3.2M	$2.5M	—	as long as short
KuCoin NVDAUSDTM	+0.0108%	8h	226.28	+0.093%	$1.6M	$926K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.24	+0.074%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.29	+0.097%	$1.3M	$696K	10x	as long as short
Binance NVDAUSDT	+0.0163%	8h	226.23	+0.071%	$154.9M	$221.1M	50x	as long as short
Phoenix NVDA	+0.0212%	1h	226.25	+0.080%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.97	+0.398%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0283%	8h	226.26	+0.084%	$710K	$197K	20x	as long as short
edgeX NVDAUSDC	+0.0623%	4h	226.36	+0.130%	$171K	$1.9M	20x	as long as short