Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.008%

Price spread now: Aster against Pacifica+0.078%48s7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as 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−$240.243% of the position

Long on Pacifica Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.078%, 7d avg +0.056%

Together, before fees−0.028%+ Points / potential airdropPacifica: Active · Aster: Stage 5 · farm board−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.022% dearer against Pacifica than usual: you sell high and buy low (spread +0.078% now, against its 7-day average of +0.056%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.026% in total) that is about 5.9 days. The two prices were read 48 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	Pacifica NVDA	227.58	0.0100	pay 0.0013% / 1h	42m 58s	$299K	$60K	10x
Short	Aster NVDAUSDT	227.76	0	get 0.0000% / 8h	6h 42m	$484K	$581K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Pacifica. 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 PacificabpFee AsterbpOrdersPrice spread, now +0.078%Rate

Funding earned: −$21
Price spread: +0.078% → +0.056%: $2.17
Slippage, 4 orders: −$8.29
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$43.13
Costs to cover: 0.243%
Break-even: never at this rate

Slippage from Pacifica: live order book, 25 min ago; Aster: live order book, 25 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 Pacifica live order book, 25 min ago	1.98 bp	6.0 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 25 min ago	0.66 bp	4.7 bp −$5	11.5 bp −$115	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 NVDAUSDTshort	0.0000%	8h	227.76	+0.078%	$484K	$581K	20x
Bybit NVDAUSDT	0.0000%	8h	227.71	+0.058%	$12.7M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.68	+0.045%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.62	+0.019%	$7.2M	$9.5M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.77	+0.085%	$15.4M	$16.6M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.21	−0.162%	$3K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.79	+0.093%	$198K	$502K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.82	+0.106%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.59	+0.006%	$118K	$54K	10x	as long as short
Variational Omni NVDA	+0.0016%	8h	227.73	+0.067%	$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	227.55	−0.012%	$693K	$708K	10x	as long as short
Hotstuff NVDA-PERP	+0.0040%	1h	227.59	+0.005%	$35K	—	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.58	+0.001%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0045%	1h	227.74	+0.071%	$1.5M	$10.3M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.83	+0.111%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.59	+0.005%	$148.0M	$45.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.72	+0.063%	$402K	$285K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.58	+0.001%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.55	−0.012%	$1.5M	$2.1M	15x	as long as short
GRVT NVDA_USDT_Perp	+0.0066%	8h	227.73	+0.066%	$20K	$388K	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.052%	$1.3M	$789K	10x	as long as short
Nado NVDA-PERP	+0.0081%	1h	227.59	+0.004%	$484K	$230K	20x	as long as short
Binance NVDAUSDT	+0.0083%	8h	227.70	+0.054%	$156.3M	$216.5M	50x	as long as short
Pacifica NVDAlong	+0.0100%	1h	227.58	long leg	$299K	$60K	10x
ApeX Omni NVDAUSDT	+0.0100%	1h	227.57	−0.003%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.70	+0.054%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.71	+0.058%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.61	+0.014%	$94K	$112K	20x	as long as short
Lighter NVDA	+0.0128%	1h	227.73	+0.068%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0128%	1h	227.87	+0.128%	$5.1M	$7.0M	20x	as long as short
KuCoin NVDAUSDTM	+0.0138%	8h	227.74	+0.071%	$1.6M	$737K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0189%	1h	227.67	+0.041%	$49K	$1.5M	10x	as long as short
BloFin NVDA-USDT	+0.0203%	8h	227.78	+0.089%	$723K	$204K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.96	+0.168%	$73K	$135	30x	as long as short
edgeX NVDAUSDC	+0.0713%	4h	227.68	+0.047%	$170K	$1.9M	20x	as long as short