Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0077%/8h= +8.5% APRpaid last 24h +0.017%

Price spread now: Lighter RH against Aster+0.070%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$7as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$130.131% of the position

Long on Aster Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.070%, 7d avg +0.047%

Together, before fees−0.010%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board−$1 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 Lighter RH is 0.023% dearer against Aster than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NVDAUSDT	227.20	0.0019	pay 0.0019% / 8h	3h 31m	$480K	$543K	20x
Short	Lighter RH NVDA	227.36	0.0096	get 0.0012% / 1h	31m 11s	$4.8M	$6.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.070%Rate

Funding earned: $16.25
Price spread: +0.070% → +0.047%: $2.32
Slippage, 4 orders: −$5.12
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $5.45
Costs to cover: 0.131%
Break-even: 4.7 days

Slippage from Aster: live order book, 17 min ago; Lighter RH: 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 Aster live order book, 17 min ago	0.44 bp	4.4 bp −$4	5.6 bp −$56	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.54 bp	1.5 bp −$2	4.1 bp −$41	32.0 bp −$3,203	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	227.21	+0.004%	$12.7M	$15.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.19	−0.004%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.15	−0.022%	$7.2M	$9.1M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.17	−0.013%	$20K	$488K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.77	−0.189%	$2K	$4.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.13	−0.031%	$49K	$1.4M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.14	−0.026%	$197K	$506K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.22	+0.009%	$2.2M	$41K	10x	as long as short
Variational Omni NVDA	+0.0008%	8h	227.18	−0.010%	$3.3M	$2.1M	—	as long as short
Aster NVDAUSDTlong	+0.0019%	8h	227.20	long leg	$480K	$543K	20x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0023%	1h	227.11	−0.041%	$118K	$54K	10x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.08	−0.055%	$526K	$350K	10x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.24	+0.018%	$1.6M	$11.3M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.31	+0.048%	—	$73K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	227.08	−0.053%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.08	−0.053%	$147.5M	$49.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.15	−0.022%	$398K	$220K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.07	−0.057%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.94	−0.114%	$1.6M	$2.0M	15x	as long as short
Binance NVDAUSDT	+0.0078%	8h	227.21	+0.004%	$156.1M	$216.3M	50x	as long as short
Nado NVDA-PERP	+0.0093%	1h	227.12	−0.037%	$478K	$216K	20x	as long as short
Lighter RH NVDAshort	+0.0096%	1h	227.36	+0.070%	$4.8M	$6.8M	20x
Pacifica NVDA	+0.0100%	1h	227.10	−0.046%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.22	+0.009%	$1.6M	$743K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.06	−0.062%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.19	−0.004%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.22	+0.010%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	227.13	−0.031%	$1.3M	$914K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.08	−0.053%	$93K	$112K	20x	as long as short
Bitget NVDAUSDT	+0.0151%	8h	227.24	+0.018%	$15.7M	$18.1M	100x	as long as short
Lighter NVDA	+0.0176%	1h	227.26	+0.026%	$2.1M	$3.3M	20x	as long as short
BloFin NVDA-USDT	+0.0198%	8h	227.24	+0.018%	$716K	$203K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.54	+0.150%	$73K	$129	30x	as long as short
Arcus NVDA-USD	+0.0487%	1h	227.20	0.000%	$408K	$662K	20x	as long as short
edgeX NVDAUSDC	+0.0862%	4h	227.16	−0.016%	$170K	$1.9M	20x	as long as short