Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.016%

Price spread now: Aftermath Perps against HTX−0.057%50s7-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−$510.507% of the position

Long on HTX 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 3 days (all we have)−0.001%$0 · spread now −0.057%, 7d avg −0.033%

Together, before fees−0.097%−$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aftermath Perps is 0.025% cheaper against HTX than usual: you would sell low and buy high (spread −0.057% now, against its 7-day average of −0.033%). If the spread goes back, that is −$2 on $10k: about 7.0 days of funding at the current rate ($0 a day). 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. The two prices were read 50 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	HTX NVDA-USDT	227.96	0	get 0.0000% / 8h	7h 03m	$198K	$508K	30x
Short	Aftermath Perps NVDAUSD	227.83	0.0012	get 0.0001% / 1h	3m 24s	$118K	$55K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against HTX. 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 HTXbpFee Aftermath PerpsbpOrdersPrice spread, now −0.057%Rate

Funding earned: $2.46
Price spread: −0.057% → −0.033%: −$2.47
Slippage, 4 orders: −$29.68
Fee HTX: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$50.69
Costs to cover: 0.507%
Break-even: 151.2 days

Slippage from HTX: live order book, 5 min ago; Aftermath Perps: live order book, 6 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 HTX live order book, 5 min ago	0.22 bp	8.6 bp −$9	11.1 bp −$111	20.7 bp −$2,073	doesn't fit
Sell Aftermath Perps live order book, 6 min ago	4.00 bp	11.0 bp −$11	21.6 bp −$216	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	227.85	−0.048%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.81	−0.066%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.79	−0.075%	$7.2M	$9.7M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.50	−0.202%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDTlong	0.0000%	8h	227.96	long leg	$198K	$508K	30x
Phemex NVDAUSDT	0.0000%	4h	227.96	0.000%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0001%	8h	227.75	−0.093%	$484K	$582K	20x	as long as short
Hotstuff NVDA-PERP	+0.0008%	1h	227.76	−0.088%	$35K	—	20x	as long as short
Aftermath Perps NVDAUSDshort	+0.0012%	1h	227.83	−0.057%	$118K	$55K	10x
Variational Omni NVDA	+0.0013%	8h	227.92	−0.016%	$3.5M	$1.9M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	227.75	−0.092%	$525K	$470K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.75	−0.092%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.90	−0.026%	$1.5M	$10.9M	10x	as long as short
Bitget NVDAUSDT	+0.0043%	8h	227.91	−0.022%	$15.4M	$16.9M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.99	+0.013%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.76	−0.088%	$148.1M	$46.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.85	−0.048%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.80	−0.070%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.73	−0.101%	$1.5M	$2.1M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.219%	$1.3M	$800K	10x	as long as short
Binance NVDAUSDT	+0.0085%	8h	227.87	−0.039%	$156.4M	$217.1M	50x	as long as short
Nado NVDA-PERP	+0.0087%	1h	227.77	−0.083%	$484K	$229K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.74	−0.094%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.72	−0.105%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.86	−0.044%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.85	−0.050%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	227.84	−0.053%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0145%	8h	227.93	−0.013%	$1.6M	$735K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0145%	1h	227.88	−0.035%	$49K	$1.5M	10x	as long as short
Lighter NVDA	+0.0152%	1h	227.91	−0.020%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	228.05	+0.039%	$5.1M	$7.1M	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0190%	8h	227.92	−0.020%	$21K	$391K	10x	as long as short
BloFin NVDA-USDT	+0.0202%	8h	227.94	−0.009%	$719K	$206K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.20	+0.105%	$73K	$140	30x	as long as short
edgeX NVDAUSDC	+0.0504%	4h	227.92	−0.019%	$170K	$1.9M	20x	as long as short