Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h +0.010%

Price spread now: Aster against Aftermath Perps−0.026%7-day average +0.056% · 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−$46as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on Aftermath Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.118%+$12 on $10k

Price spread, last 3 days (all we have)+0.101%+$10 · spread now −0.026%, 7d avg +0.056%

Together, before fees+0.219%+ Points / potential airdropAster: Stage 5 · farm board+$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Aster is 0.082% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.056%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.118%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps NVDAUSD	227.55	0.0016	pay 0.0002% / 1h	18m 24s	$118K	$55K	10x
Short	Aster NVDAUSDT	227.49	0	get 0.0000% / 8h	1h 18m	$474K	$578K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aftermath Perps. 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 Aftermath PerpsbpFee AsterbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$3.46
Price spread: −0.026% → +0.056%: −$8.17
Slippage, 4 orders: −$20.9
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$49.53
Costs to cover: 0.379%
Break-even: never at this rate

Slippage from Aftermath Perps: live order book, 1 min ago; Aster: live order book, 64 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 Aftermath Perps live order book, 1 min ago	3.37 bp	9.9 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 64 min ago	0.44 bp	5.3 bp −$5	9.1 bp −$91	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
Hotstuff NVDA-PERP	−0.0112%	1h	227.32	−0.099%	$35K	—	20x	as long as short
Aster NVDAUSDTshort	0.0000%	8h	227.49	−0.026%	$474K	$578K	20x
Bybit NVDAUSDT	0.0000%	8h	227.47	−0.033%	$12.7M	$15.5M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.47	−0.033%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.42	−0.055%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.55	+0.001%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.55	+0.002%	$20K	$435K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.05	−0.218%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.59	+0.020%	$198K	$528K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.56	+0.007%	$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
Aftermath Perps NVDAUSDlong	+0.0016%	1h	227.55	long leg	$118K	$55K	10x
Binance NVDAUSDT	+0.0020%	8h	227.50	−0.020%	$156.3M	$220.7M	50x	as long as short
Bitget NVDAUSDT	+0.0027%	8h	227.51	−0.015%	$15.6M	$17.7M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.29	−0.114%	$536K	$446K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.45	−0.042%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.54	−0.002%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.31	−0.103%	$147.3M	$49.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.35	−0.086%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.37	−0.077%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.35	−0.086%	$1.6M	$2.1M	15x	as long as short
Phoenix NVDA	+0.0070%	1h	227.42	−0.055%	$94K	$112K	20x	as long as short
BloFin NVDA-USDT	+0.0076%	8h	227.49	−0.024%	$714K	$204K	20x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.51	−0.013%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0095%	1h	227.31	−0.102%	$484K	$227K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.235%	$1.3M	$888K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.33	−0.095%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.53	−0.007%	$1.6M	$751K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.38	−0.073%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.51	−0.015%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.42	−0.055%	$49K	$1.4M	10x	as long as short
Lighter RH NVDA	+0.0160%	1h	227.61	+0.029%	$5.1M	$7.2M	20x	as long as short
Lighter NVDA	+0.0184%	1h	227.50	−0.018%	$2.1M	$3.3M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.80	+0.112%	$73K	$139	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.31	−0.103%	$400K	$723K	20x	as long as short
edgeX NVDAUSDC	+0.0913%	4h	227.54	−0.003%	$170K	$1.9M	20x	as long as short