Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0279%/8h= −30.6% APRpaid last 24h −0.098%

Price spread now: Aftermath Perps against edgeX−0.121%68s7-day average −0.047% · 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−$450.453% of the position

Long on edgeX Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.627%−$63 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.121%, 7d avg −0.047%

Together, before fees−0.595%+ Points / potential airdropedgeX: Active · farm board−$60 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Aftermath Perps is 0.074% cheaper against edgeX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.047%). Swap the legs. The two prices were read 68 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	edgeX NVDAUSDC	226.80	0.0289	pay 0.0145% / 4h	2h 05m	$171K	$1.9M	20x
Short	Aftermath Perps NVDAUSD	226.53	0.0010	get 0.0001% / 1h	5m 37s	$117K	$52K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against edgeX. 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 edgeXbpFee Aftermath PerpsbpOrdersPrice spread, now −0.121%Rate

Funding earned: −$58.63
Price spread: −0.121% → −0.047%: −$7.37
Slippage, 4 orders: −$27.31
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$111.31
Costs to cover: 0.453%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; Aftermath Perps: live order book, 43 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 edgeX live order book, 3 min ago	3.31 bp	8.3 bp −$8	12.7 bp −$127	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 43 min ago	3.95 bp	8.7 bp −$9	21.8 bp −$218	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 NVDAUSDT	0.0000%	8h	226.65	−0.065%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.76	−0.017%	$12.5M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.77	−0.013%	$14.2M	$20.5M	50x	as long as short
Hotstuff NVDA-PERP	0.0000%	1h	226.62	−0.079%	$35K	—	20x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.72	−0.035%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.79	−0.004%	$15.3M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.80	0.000%	$21K	$418K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.50	−0.132%	$3K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.78	−0.008%	$198K	$457K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.83	+0.014%	$2.2M	$42K	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	+0.0009%	8h	226.76	−0.019%	$3.6M	$2.1M	—	as long as short
Aftermath Perps NVDAUSDshort	+0.0010%	1h	226.53	−0.121%	$117K	$52K	10x
Arcus NVDA-USD	+0.0040%	1h	226.67	−0.057%	$398K	$734K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.72	−0.035%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.86	+0.027%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.61	−0.083%	$147.2M	$43.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.69	−0.048%	$398K	$278K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.63	−0.075%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.56	−0.105%	$1.6M	$2.0M	15x	as long as short
Lighter NVDA	+0.0072%	1h	226.73	−0.030%	$2.1M	$3.4M	20x	as long as short
Binance NVDAUSDT	+0.0082%	8h	226.78	−0.008%	$154.6M	$219.0M	50x	as long as short
Nado NVDA-PERP	+0.0084%	1h	226.64	−0.069%	$482K	$226K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.58	−0.096%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.69	−0.048%	$1.6M	$743K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.65	−0.066%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.74	−0.026%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.76	−0.016%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.73	−0.030%	$93K	$112K	20x	as long as short
Lighter RH NVDA	+0.0112%	1h	226.86	+0.027%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.29	−0.224%	$1.3M	$789K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0147%	1h	226.68	−0.052%	$53K	$1.8M	10x	as long as short
BloFin NVDA-USDT	+0.0202%	8h	226.82	+0.009%	$711K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.95	+0.067%	$73K	$140	30x	as long as short
edgeX NVDAUSDClong	+0.0289%	4h	226.80	long leg	$171K	$1.9M	20x
Extended NVDA_24_5-USD	+0.0368%	1h	226.57	−0.099%	$668K	$766K	10x	as long as short