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= −1.4% APRpaid last 24h +0.001%

Price spread now: OKX against Aftermath Perps−0.003%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−$49as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on Aftermath Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.121%+$12 on $10k

Price spread, last 3 days (all we have)+0.062%+$6 · spread now −0.003%, 7d avg +0.054%

Together, before fees+0.183%+$18 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 OKX is 0.057% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.054%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.121%, 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	227.85	0.0012	pay 0.0002% / 1h	0m 53s	$118K	$55K	10x
Short	OKX NVDA-USDT-SWAP	227.84	0	get 0.0000% / 8h	7h 00m	$14.4M	$20.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$2.59
Price spread: −0.003% → +0.054%: −$5.71
Slippage, 4 orders: −$24.07
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$51.37
Costs to cover: 0.431%
Break-even: never at this rate

Slippage from Aftermath Perps: live order book, 8 min ago; OKX: live order book, 3 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	4.00 bp	20.2 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.22 bp	5.2 bp −$5	6.3 bp −$63	23.3 bp −$2,326	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	227.89	+0.019%	$12.7M	$15.2M	100x	as long as short
OKX NVDA-USDT-SWAPshort	0.0000%	8h	227.84	−0.003%	$14.4M	$20.5M	50x
Gate NVDA_USDT	0.0000%	8h	227.82	−0.011%	$7.2M	$9.7M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.42	−0.187%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.90	+0.024%	$198K	$505K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.94	+0.041%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0002%	8h	227.77	−0.032%	$484K	$582K	20x	as long as short
Aftermath Perps NVDAUSDlong	+0.0012%	1h	227.85	long leg	$118K	$55K	10x
Deribit NVDA_USDC-PERPETUAL	+0.0013%	1h	227.80	−0.020%	$49K	$1.5M	10x	as long as short
Variational Omni NVDA	+0.0019%	8h	227.86	+0.004%	$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	227.70	−0.062%	$636K	$597K	10x	as long as short
Bitget NVDAUSDT	+0.0039%	8h	227.91	+0.028%	$15.4M	$16.8M	100x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.73	−0.051%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.86	+0.006%	$1.5M	$10.8M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.98	+0.059%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.76	−0.038%	$148.1M	$46.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.85	+0.002%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.74	−0.047%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.73	−0.051%	$1.5M	$2.1M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.169%	$1.3M	$798K	10x	as long as short
Nado NVDA-PERP	+0.0086%	1h	227.78	−0.028%	$484K	$229K	20x	as long as short
Binance NVDAUSDT	+0.0087%	8h	227.89	+0.019%	$156.5M	$217.0M	50x	as long as short
Hotstuff NVDA-PERP	+0.0088%	1h	227.74	−0.047%	$35K	—	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.75	−0.044%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.74	−0.047%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.86	+0.006%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.86	+0.005%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	227.75	−0.042%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0145%	8h	227.91	+0.028%	$1.6M	$734K	20x	as long as short
Lighter NVDA	+0.0152%	1h	227.89	+0.021%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	228.04	+0.085%	$5.1M	$7.1M	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0190%	8h	227.92	+0.030%	$21K	$391K	10x	as long as short
BloFin NVDA-USDT	+0.0207%	8h	227.90	+0.024%	$720K	$205K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.20	+0.155%	$73K	$140	30x	as long as short
edgeX NVDAUSDC	+0.0342%	4h	227.88	+0.013%	$170K	$1.9M	20x	as long as short