Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0235%/8h= +25.7% APRpaid last 24h +0.026%

Price spread now: Deribit against Aster−0.055%55s7-day average −0.033% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$250.255% of the position

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.116%+$12 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now −0.055%, 7d avg −0.033%

Together, before fees+0.109%+ Points / potential airdropAster: Stage 5 · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.022% cheaper against Aster than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of −0.033%). If the spread goes back, that is −$2 on $10k: about 7 hours of funding at the current rate (+$7 a day). At the pace of the last 5 days (+0.116% in total) that is about 22 hours. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NVDAUSDT	226.39	0.0002	pay 0.0002% / 8h	1h 45m	$482K	$571K	20x
Short	Deribit NVDA_USDC-PERPETUAL	226.27	0.0236	get 0.0030% / 1h	45m 29s	$52K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Aster. 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 AsterbpFee DeribitbpOrdersPrice spread, now −0.055%Rate

Funding earned: $49.25
Price spread: −0.055% → −0.033%: −$2.19
Slippage, 4 orders: −$10.5
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $21.57
Costs to cover: 0.255%
Break-even: 3.9 days

Slippage from Aster: live order book, 62 min ago; Deribit: live order book, 4 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 Aster live order book, 62 min ago	0.66 bp	5.1 bp −$5	8.0 bp −$80	doesn't fit	doesn't fit
Sell Deribit live order book, 4 min ago	3.75 bp	7.7 bp −$8	8.4 bp −$84	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	226.35	−0.019%	$12.4M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.34	−0.024%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.28	−0.050%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.34	−0.024%	$15.2M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.42	+0.012%	$21K	$423K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.02	−0.165%	$3K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.58	+0.082%	$198K	$454K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.59	+0.087%	$2.2M	$42K	10x	as long as short
Aster NVDAUSDTlong	+0.0002%	8h	226.39	long leg	$482K	$571K	20x
Aftermath Perps NVDAUSD	+0.0014%	1h	226.33	−0.029%	$117K	$52K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0018%	8h	226.33	−0.030%	$3.6M	$2.1M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.34	−0.024%	$398K	$735K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.42	+0.012%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.21	−0.081%	$147.0M	$43.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.30	−0.041%	$398K	$279K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.20	−0.086%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.27	−0.055%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.34	−0.024%	$1.3M	$9.1M	10x	as long as short
Binance NVDAUSDT	+0.0088%	8h	226.38	−0.008%	$154.3M	$219.2M	50x	as long as short
Lighter NVDA	+0.0096%	1h	226.29	−0.045%	$2.1M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.20	−0.087%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.38	−0.006%	$1.6M	$748K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.21	−0.081%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.33	−0.028%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.35	−0.018%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.34	−0.024%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.046%	$1.3M	$789K	10x	as long as short
Hotstuff NVDA-PERP	+0.0136%	1h	226.20	−0.086%	$35K	—	20x	as long as short
Nado NVDA-PERP	+0.0149%	1h	226.19	−0.090%	$480K	$226K	20x	as long as short
Lighter RH NVDA	+0.0168%	1h	226.43	+0.016%	$5.0M	$6.9M	20x	as long as short
BloFin NVDA-USDT	+0.0208%	8h	226.44	+0.020%	$717K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.74	+0.153%	$73K	$136	30x	as long as short
Deribit NVDA_USDC-PERPETUALshort	+0.0236%	1h	226.27	−0.055%	$52K	$1.8M	10x
Extended NVDA_24_5-USD	+0.0456%	1h	226.14	−0.112%	$667K	$762K	10x	as long as short
edgeX NVDAUSDC	+0.0576%	4h	226.36	−0.015%	$170K	$1.9M	20x	as long as short