Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.006%

Price spread now: Arcus against Aster−0.029%7-day average −0.099% · 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−$16as in the Price arb table

costs, in and out, $10k−$230.231% of the position

Long on Aster Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.053%+$5 on $10k

Price spread, last 4 days (all we have)−0.145%−$15 · spread now −0.029%, 7d avg −0.099%

Together, before fees−0.093%+ Points / potential airdropAster: Stage 5 · farm board−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.070% dearer against Aster than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.099%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NVDAUSDT	227.65	0	get 0.0000% / 8h	7h 29m	$483K	$586K	20x
Short	Arcus NVDA-USD	227.59	0.0040	get 0.0005% / 1h	29m 40s	$400K	$724K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Aster. 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 AsterbpFee ArcusbpOrdersPrice spread, now −0.029%Rate

Funding earned: $8.46
Price spread: −0.029% → −0.099%: $7.04
Slippage, 4 orders: −$10.59
Fee Aster: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$7.59
Costs to cover: 0.231%
Break-even: 13.3 days

Slippage from Aster: live order book, 43 min ago; Arcus: live order book, 44 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 Aster live order book, 43 min ago	0.88 bp	4.9 bp −$5	7.1 bp −$71	doesn't fit	doesn't fit
Sell Arcus live order book, 44 min ago	1.10 bp	3.4 bp −$3	3.4 bp −$34	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	−0.0024%	1h	227.67	+0.007%	$35K	—	20x	as long as short
Aster NVDAUSDTlong	0.0000%	8h	227.65	long leg	$483K	$586K	20x
Bybit NVDAUSDT	0.0000%	8h	227.84	+0.081%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.82	+0.072%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.77	+0.051%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.79	+0.059%	$3.6M	$1.9M	—	as long as short
SunX NVDA-USDT	0.0000%	8h	227.38	−0.121%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.77	+0.051%	$198K	$511K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.85	+0.086%	$2.2M	$42K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0014%	8h	227.77	+0.052%	$21K	$394K	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 NVDAUSD	+0.0016%	1h	227.51	−0.063%	$118K	$55K	10x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.68	+0.011%	$525K	$473K	10x	as long as short
Bitget NVDAUSDT	+0.0038%	8h	227.88	+0.099%	$15.5M	$16.9M	100x	as long as short
Arcus NVDA-USDshort	+0.0040%	1h	227.59	−0.029%	$400K	$724K	20x
QFEX NVDA-USD	+0.0042%	1h	227.82	+0.072%	$1.6M	$11.2M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.82	+0.072%	—	$74K	25x	as long as short
Binance NVDAUSDT	+0.0049%	8h	227.87	+0.094%	$156.5M	$217.4M	50x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.67	+0.007%	$147.8M	$46.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.71	+0.024%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.65	−0.002%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.55	−0.046%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.086%	$1.3M	$800K	10x	as long as short
Nado NVDA-PERP	+0.0080%	1h	227.63	−0.012%	$484K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.78	+0.056%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.69	+0.015%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.49	−0.072%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.76	+0.046%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.61	−0.020%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0127%	8h	227.72	+0.029%	$1.6M	$742K	20x	as long as short
Lighter NVDA	+0.0136%	1h	227.84	+0.083%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.96	+0.134%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0166%	8h	227.82	+0.072%	$717K	$206K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.22	+0.248%	$73K	$138	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0321%	1h	227.77	+0.051%	$49K	$1.4M	10x	as long as short
edgeX NVDAUSDC	+0.0488%	4h	227.77	+0.051%	$170K	$1.9M	20x	as long as short