Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0012%/8h= +1.4% APRpaid last 24h 0.000%

Price spread now: Aftermath Perps against OKX−0.055%7-day average −0.054% · 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−$41as in the Price arb table

costs, in and out, $10k−$410.408% of the position

Long on OKX Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.120%−$12 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.055%, 7d avg −0.054%

Together, before fees−0.133%−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.054%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.120%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NVDA-USDT-SWAP	226.49	0	get 0.0000% / 8h	1h 53m	$14.2M	$20.5M	50x
Short	Aftermath Perps NVDAUSD	226.37	0.0012	get 0.0002% / 1h	53m 36s	$117K	$52K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against OKX. 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 OKXbpFee Aftermath PerpsbpOrdersPrice spread, now −0.055%Rate

Funding earned: $2.59
Price spread: −0.055% → −0.054%: −$0.01
Slippage, 4 orders: −$21.83
Fee OKX: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$38.26
Costs to cover: 0.408%
Break-even: 110.3 days

Slippage from OKX: live order book, 5 min ago; Aftermath Perps: live order book, 55 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 OKX live order book, 5 min ago	0.22 bp	5.2 bp −$5	6.8 bp −$68	16.0 bp −$1,599	doesn't fit
Sell Aftermath Perps live order book, 55 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	226.50	+0.003%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.49	0.000%	$12.4M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAPlong	0.0000%	8h	226.49	long leg	$14.2M	$20.5M	50x
Gate NVDA_USDT	0.0000%	8h	226.46	−0.013%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.53	+0.018%	$15.2M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.55	+0.028%	$21K	$416K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.18	−0.137%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.72	+0.102%	$198K	$455K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.59	+0.044%	$2.2M	$42K	10x	as long as short
Variational Omni NVDA	+0.0012%	8h	226.43	−0.029%	$3.6M	$2.1M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSDshort	+0.0012%	1h	226.37	−0.055%	$117K	$52K	10x
Arcus NVDA-USD	+0.0040%	1h	226.45	−0.018%	$398K	$735K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.48	−0.004%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.33	−0.071%	$147.0M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.34	−0.066%	$398K	$279K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.28	−0.093%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.48	−0.004%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.47	−0.009%	$1.3M	$9.1M	10x	as long as short
Hotstuff NVDA-PERP	+0.0072%	1h	226.34	−0.066%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0084%	8h	226.51	+0.009%	$154.4M	$219.2M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.31	−0.080%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.50	+0.004%	$1.6M	$747K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.34	−0.066%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.41	−0.035%	$36K	$21K	20x	as long as short
Lighter NVDA	+0.0104%	1h	226.44	−0.023%	$2.1M	$3.3M	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.43	−0.026%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.58	+0.040%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.088%	$1.3M	$789K	10x	as long as short
Nado NVDA-PERP	+0.0146%	1h	226.29	−0.088%	$481K	$226K	20x	as long as short
Lighter RH NVDA	+0.0168%	1h	226.59	+0.044%	$5.0M	$6.9M	20x	as long as short
BloFin NVDA-USDT	+0.0204%	8h	226.45	−0.018%	$714K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.74	+0.110%	$73K	$136	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0280%	1h	226.38	−0.049%	$53K	$1.8M	10x	as long as short
Extended NVDA_24_5-USD	+0.0400%	1h	226.29	−0.086%	$667K	$767K	10x	as long as short
edgeX NVDAUSDC	+0.0707%	4h	226.43	−0.028%	$170K	$1.9M	20x	as long as short