Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h −0.017%

Price spread now: SunX against Aftermath Perps−0.137%54s7-day average −0.069% · 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—prices read too far apart to compare

costs, in and out, $10k−$920.918% of the position

Long on Aftermath Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.096%+$10 on $10k

Price spread, last 4 days (all we have)+0.113%+$11 · spread now −0.137%, 7d avg −0.069%

Together, before fees+0.209%+$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.068% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.069%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.096%, so the current rate has only just turned against you. The two prices were read 54 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	Aftermath Perps NVDAUSD	227.42	0.0017	pay 0.0002% / 1h	39m 21s	$118K	$54K	10x
Short	SunX NVDA-USDT	227.11	0	get 0.0000% / 8h	4h 39m	$2K	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.137%Rate

Funding earned: −$3.66
Price spread: −0.137% → −0.069%: −$6.84
Slippage, 4 orders: −$74.83
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$102.33
Costs to cover: 0.918%
Break-even: never at this rate

Slippage from Aftermath Perps: live order book, 20 min ago; SunX: live order book, 9 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, 20 min ago	5.75 bp	12.2 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	21.98 bp	26.0 bp −$26	55.7 bp −$557	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
Bybit NVDAUSDT	0.0000%	8h	227.49	+0.030%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.47	+0.021%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.44	+0.008%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.54	+0.052%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDTshort	0.0000%	8h	227.11	−0.137%	$2K	$3.7M	20x
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.42	−0.001%	$49K	$1.6M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	+0.096%	$198K	$471K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.63	+0.091%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSDlong	+0.0017%	1h	227.42	long leg	$118K	$54K	10x
Aster NVDAUSDT	+0.0039%	8h	227.53	+0.049%	$483K	$590K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NVDA-USD	+0.0040%	1h	227.57	+0.065%	$406K	$745K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.66	+0.104%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.39	−0.014%	$147.7M	$43.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.52	+0.043%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.41	−0.006%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.28	−0.063%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.46	+0.016%	$1.4M	$9.4M	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0066%	8h	227.61	+0.082%	$20K	$390K	10x	as long as short
Variational Omni NVDA	+0.0073%	8h	227.50	+0.035%	$3.5M	$2.1M	—	as long as short
Lighter NVDA	+0.0080%	1h	227.49	+0.030%	$2.2M	$3.3M	20x	as long as short
Nado NVDA-PERP	+0.0088%	1h	227.42	0.000%	$484K	$228K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.42	+0.001%	$298K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.47	+0.021%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.46	+0.016%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	+0.047%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.52	+0.042%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0124%	8h	227.50	+0.035%	$156.5M	$216.2M	50x	as long as short
Phoenix NVDA	+0.0141%	1h	227.46	+0.016%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0146%	8h	227.53	+0.047%	$1.6M	$724K	20x	as long as short
Lighter RH NVDA	+0.0160%	1h	227.64	+0.096%	$5.1M	$7.1M	20x	as long as short
Hotstuff NVDA-PERP	+0.0208%	1h	227.37	−0.023%	$35K	—	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.03	+0.267%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0246%	8h	227.57	+0.065%	$722K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0456%	1h	227.39	−0.014%	$685K	$733K	10x	as long as short
edgeX NVDAUSDC	+0.0515%	4h	227.55	+0.054%	$170K	$1.9M	20x	as long as short