Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0071%/8h= +7.8% APRpaid last 24h +0.016%

Price spread now: Binance against Aftermath Perps+0.114%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$360.358% of the position

Long on Aftermath Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.129%+$13 on $10k

Price spread, last 2 days (all we have)−0.025%−$2 · spread now +0.114%, 7d avg +0.060%

Together, before fees+0.104%+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.055% dearer against Aftermath Perps than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps NVDAUSD	227.54	0.0014	pay 0.0002% / 1h	56m 11s	$118K	$54K	10x
Short	Binance NVDAUSDT	227.80	0.0085	get 0.0085% / 8h	5h 56m	$156.3M	$215.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.114%Rate

Funding earned: $14.99
Price spread: +0.114% → +0.060%: $5.46
Slippage, 4 orders: −$16.78
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$15.34
Costs to cover: 0.358%
Break-even: 14.2 days

Slippage from Aftermath Perps: live order book, 8 min ago; Binance: live order book, 2 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, 8 min ago	3.28 bp	15.3 bp −$15	22.9 bp −$229	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.22 bp	5.5 bp −$5	6.3 bp −$63	14.8 bp −$1,479	doesn't fit

NVDA on 34 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	227.77	+0.102%	$484K	$590K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.75	+0.094%	$12.7M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.76	+0.099%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.71	+0.077%	$7.2M	$9.5M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.81	+0.121%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.71	+0.077%	$20K	$387K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.29	−0.108%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.84	+0.134%	$198K	$481K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.78	+0.107%	$2.2M	$43K	10x	as long as short
Hotstuff NVDA-PERP	+0.0008%	1h	227.59	+0.024%	$35K	—	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSDlong	+0.0014%	1h	227.54	long leg	$118K	$54K	10x
Variational Omni NVDA	+0.0024%	8h	227.76	+0.098%	$3.5M	$2.0M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.73	+0.085%	$406K	$712K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.74	+0.090%	$1.4M	$9.7M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.82	+0.125%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.60	+0.028%	$148.1M	$44.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.70	+0.072%	$402K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.61	+0.033%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.59	+0.024%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.033%	$1.3M	$776K	10x	as long as short
Binance NVDAUSDTshort	+0.0085%	8h	227.80	+0.114%	$156.3M	$215.2M	50x
Pacifica NVDA	+0.0100%	1h	227.60	+0.028%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.55	+0.006%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.73	+0.085%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.69	+0.068%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.64	+0.046%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0128%	8h	227.78	+0.107%	$1.6M	$727K	20x	as long as short
Nado NVDA-PERP	+0.0151%	1h	227.58	+0.022%	$484K	$229K	20x	as long as short
Extended NVDA_24_5-USD	+0.0192%	1h	227.55	+0.006%	$689K	$714K	10x	as long as short
Lighter NVDA	+0.0200%	1h	227.73	+0.085%	$2.2M	$3.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.165%	$73K	$134	30x	as long as short
Lighter RH NVDA	+0.0224%	1h	227.87	+0.147%	$5.1M	$7.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0365%	1h	227.69	+0.068%	$49K	$1.6M	10x	as long as short
edgeX NVDAUSDC	+0.0882%	4h	227.69	+0.068%	$170K	$1.9M	20x	as long as short