Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.006%

Price spread now: Ondo Perps against Aster−0.118%7-day average −0.102% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 4 days (all we have)−0.363%−$36 · spread now −0.118%, 7d avg −0.102%

Together, before fees−0.416%+ Points / potential airdropAster: Stage 5 · Ondo Perps: Active · farm board−$42 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.102%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.053%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NVDAUSDT	227.68	0.0010	pay 0.0010% / 8h	5h 30m	$483K	$590K	20x
Short	Ondo Perps NVDA-USD.P	227.41	0.0050	get 0.0006% / 1h	30m 44s	$1.6M	$2.0M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.118%Rate

Funding earned: $8.47
Price spread: −0.118% → −0.102%: −$1.62
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$6.16
Costs to cover: 0.130%
Break-even: 12.1 days

Slippage unknown: Aster: live order book, 32 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 32 min ago	0.66 bp	5.5 bp −$6	8.7 bp −$87	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	227.65	−0.013%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.62	−0.026%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.59	−0.039%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.69	+0.005%	$15.5M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.68	0.000%	$20K	$384K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.10	−0.254%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	+0.035%	$198K	$478K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.63	−0.022%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDTlong	+0.0010%	8h	227.68	long leg	$483K	$590K	20x
Aftermath Perps NVDAUSD	+0.0011%	1h	227.52	−0.072%	$118K	$54K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0036%	8h	227.62	−0.027%	$3.5M	$2.1M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.70	+0.009%	$406K	$726K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.62	−0.026%	$1.4M	$9.6M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.71	+0.014%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.50	−0.079%	$147.9M	$44.2M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.56	−0.052%	$401K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.46	−0.096%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.Pshort	+0.0050%	1h	227.41	−0.118%	$1.6M	$2.0M	15x
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.53	−0.066%	$1.3M	$777K	10x	as long as short
Hotstuff NVDA-PERP	+0.0080%	1h	227.46	−0.096%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0095%	8h	227.68	0.000%	$156.2M	$215.2M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.50	−0.078%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.47	−0.092%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.60	−0.035%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.62	−0.025%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.50	−0.079%	$94K	$112K	20x	as long as short
Nado NVDA-PERP	+0.0122%	1h	227.50	−0.080%	$483K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0133%	8h	227.69	+0.005%	$1.6M	$724K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0146%	1h	227.56	−0.052%	$49K	$1.6M	10x	as long as short
Lighter NVDA	+0.0168%	1h	227.66	−0.010%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0208%	1h	227.78	+0.044%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0214%	8h	227.66	−0.008%	$723K	$201K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.99	+0.137%	$73K	$137	30x	as long as short
edgeX NVDAUSDC	+0.0277%	4h	227.60	−0.034%	$170K	$1.9M	20x	as long as short
Extended NVDA_24_5-USD	+0.0344%	1h	227.46	−0.094%	$689K	$718K	10x	as long as short