Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.004%

Price spread now: tradeXYZ against Aster−0.008%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on Aster Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 4 days (all we have)−0.080%−$8 · spread now −0.008%, 7d avg −0.063%

Together, before fees−0.085%+ Points / potential airdropAster: Stage 5 · tradeXYZ: Active · farm board−$9 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 tradeXYZ is 0.054% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NVDAUSDT	227.59	0	get 0.0000% / 8h	7h 45m	$483K	$586K	20x
Short	tradeXYZ xyz:NVDA	227.57	0.0050	get 0.0006% / 1h	45m 18s	$148.0M	$46.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.008%Rate

Funding earned: $10.5
Price spread: −0.008% → −0.063%: $5.45
Slippage, 4 orders: −$4.1
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$14.15
Costs to cover: 0.301%
Break-even: 16.4 days

Slippage from Aster: live order book, 27 min ago; tradeXYZ: 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, 27 min ago	0.88 bp	4.9 bp −$5	7.1 bp −$71	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 3 min ago	0.22 bp	10.7 bp −$11	12.4 bp −$124	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
Aster NVDAUSDTlong	0.0000%	8h	227.59	long leg	$483K	$586K	20x
Bybit NVDAUSDT	0.0000%	8h	227.72	+0.057%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.67	+0.036%	$14.4M	$20.7M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.65	+0.027%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.71	+0.053%	$3.6M	$1.9M	—	as long as short
SunX NVDA-USDT	0.0000%	8h	227.23	−0.158%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	−0.048%	$197K	$515K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.78	+0.084%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0016%	1h	227.72	+0.057%	$118K	$56K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0027%	8h	227.75	+0.072%	$20K	$396K	10x	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	227.57	−0.006%	$535K	$447K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.59	0.000%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.69	+0.044%	$1.6M	$11.3M	10x	as long as short
Binance NVDAUSDT	+0.0042%	8h	227.72	+0.057%	$156.4M	$217.7M	50x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.81	+0.097%	—	$74K	25x	as long as short
edgeX NVDAUSDC	+0.0046%	4h	227.80	+0.092%	$171K	$1.9M	20x	as long as short
Bitget NVDAUSDT	+0.0048%	8h	227.74	+0.066%	$15.5M	$17.0M	100x	as long as short
tradeXYZ xyz:NVDAshort	+0.0050%	1h	227.57	−0.008%	$148.0M	$46.9M	20x
Polymarket Perps NVDA-USD	+0.0050%	1h	227.64	+0.022%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.57	−0.008%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.61	+0.009%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0064%	1h	227.60	+0.003%	$484K	$229K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.057%	$1.3M	$804K	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.68	+0.042%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.55	−0.018%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.62	+0.014%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.66	+0.031%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.65	+0.027%	$49K	$1.4M	10x	as long as short
Phoenix NVDA	+0.0106%	1h	227.64	+0.022%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0121%	8h	227.76	+0.075%	$1.6M	$742K	20x	as long as short
Lighter NVDA	+0.0136%	1h	227.74	+0.065%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.86	+0.119%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0160%	8h	227.84	+0.110%	$716K	$207K	20x	as long as short
Hotstuff NVDA-PERP	+0.0176%	1h	227.58	−0.004%	$35K	—	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.38	+0.347%	$73K	$136	30x	as long as short