Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.022%

Price spread now: Phemex against Aster+0.057%52s7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

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

costs, in and out, $10k−$810.813% of the position

Long on Aster Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.167%−$17 on $10k

Price spread, last 3 days (all we have)−0.095%−$9 · spread now +0.057%, 7d avg +0.020%

Together, before fees−0.261%+ Points / potential airdropAster: Stage 5 · farm board−$26 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.037% dearer against Aster than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.020%. The two prices were read 52 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	227.42	0	get 0.0000% / 8h	43m 23s	$482K	$587K	20x
Short	Phemex NVDAUSDT	227.55	0	get 0.0000% / 4h	43m 23s	$2.2M	$42K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → +0.020%: $3.7
Slippage, 4 orders: −$61.25
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$77.55
Costs to cover: 0.813%
Break-even: never at this rate

Slippage from Aster: live order book, 34 min ago; Phemex: live order book, 5 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, 34 min ago	0.22 bp	5.5 bp −$5	7.7 bp −$77	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	2.64 bp	34.1 bp −$34	doesn't fit	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
Aster NVDAUSDTlong	0.0000%	8h	227.42	long leg	$482K	$587K	20x
Bybit NVDAUSDT	0.0000%	8h	227.58	+0.070%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.52	+0.044%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.49	+0.031%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.45	+0.012%	$3.6M	$2.1M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.52	+0.044%	$20K	$427K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.03	−0.171%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	+0.026%	$198K	$524K	30x	as long as short
Phemex NVDAUSDTshort	0.0000%	4h	227.55	+0.057%	$2.2M	$42K	10x
Aftermath Perps NVDAUSD	+0.0030%	1h	227.40	−0.010%	$118K	$55K	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	+0.0040%	1h	227.44	+0.009%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0044%	8h	227.57	+0.066%	$156.4M	$220.1M	50x	as long as short
Bitget NVDAUSDT	+0.0045%	8h	227.61	+0.084%	$15.6M	$17.7M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.61	+0.084%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.43	+0.004%	$147.5M	$48.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.46	+0.018%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.42	0.000%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.30	−0.053%	$1.6M	$2.1M	15x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.54	+0.053%	$1.6M	$11.4M	10x	as long as short
Extended NVDA_24_5-USD	+0.0064%	1h	227.35	−0.031%	$536K	$446K	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.56	+0.063%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0089%	1h	227.41	−0.004%	$484K	$228K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.180%	$1.3M	$862K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.41	−0.004%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.51	+0.040%	$1.6M	$745K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.38	−0.018%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.55	+0.057%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.47	+0.022%	$94K	$112K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.40	−0.009%	$400K	$724K	20x	as long as short
BloFin NVDA-USDT	+0.0162%	8h	227.49	+0.031%	$671K	$204K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.72	+0.132%	$73K	$136	30x	as long as short
Lighter RH NVDA	+0.0240%	1h	227.70	+0.123%	$5.1M	$7.2M	20x	as long as short
Lighter NVDA	+0.0256%	1h	227.61	+0.083%	$2.1M	$3.3M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0366%	1h	227.54	+0.053%	$49K	$1.4M	10x	as long as short
edgeX NVDAUSDC	+0.0643%	4h	227.53	+0.047%	$170K	$1.9M	20x	as long as short