Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h +0.015%

Price spread now: Aftermath Perps against Bybit−0.014%7-day average −0.047% · 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−$39as in the Price arb table

costs, in and out, $10k−$420.421% of the position

Long on Bybit Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.101%−$10 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now −0.014%, 7d avg −0.047%

Together, before fees−0.135%−$13 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 Aftermath Perps is 0.033% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.047%. Mind the row above: over the last 4 days funding on this pair cost −0.101%, 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	Bybit NVDAUSDT	226.37	0	get 0.0000% / 8h	59m 45s	$12.4M	$14.6M	100x
Short	Aftermath Perps NVDAUSD	226.34	0.0018	get 0.0002% / 1h	59m 45s	$117K	$51K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Bybit. 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 BybitbpFee Aftermath PerpsbpOrdersPrice spread, now −0.014%Rate

Funding earned: $3.79
Price spread: −0.014% → −0.047%: $3.26
Slippage, 4 orders: −$22.08
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$35.03
Costs to cover: 0.421%
Break-even: 71.8 days

Slippage from Bybit: live order book, 4 min ago; Aftermath Perps: 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 Bybit live order book, 4 min ago	0.22 bp	6.4 bp −$6	9.1 bp −$91	48.7 bp −$4,867	doesn't fit
Sell Aftermath Perps live order book, 44 min ago	4.08 bp	14.4 bp −$14	doesn't fit	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 NVDAUSDTlong	0.0000%	8h	226.37	long leg	$12.4M	$14.6M	100x
OKX NVDA-USDT-SWAP	0.0000%	8h	226.36	−0.004%	$14.1M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.35	−0.009%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.48	+0.049%	$15.8M	$16.5M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.49	+0.053%	$21K	$421K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.01	−0.159%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.80	+0.190%	$198K	$448K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.55	+0.080%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSDshort	+0.0018%	1h	226.34	−0.014%	$117K	$51K	10x
Aster NVDAUSDT	+0.0018%	8h	226.40	+0.014%	$482K	$530K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NVDA-PERP	+0.0032%	1h	226.31	−0.027%	$35K	—	20x	as long as short
Variational Omni NVDA	+0.0036%	8h	226.42	+0.020%	$3.5M	$2.3M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.42	+0.022%	$399K	$732K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.48	+0.049%	—	$74K	25x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.37	0.000%	$391K	$247K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.28	−0.040%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.14	−0.102%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.42	+0.022%	$1.3M	$9.1M	10x	as long as short
tradeXYZ xyz:NVDA	+0.0057%	1h	226.23	−0.062%	$147.0M	$43.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.22	−0.066%	$297K	$46K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.45	+0.035%	$1.6M	$742K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.25	−0.053%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.41	+0.018%	$36K	$21K	20x	as long as short
Binance NVDAUSDT	+0.0104%	8h	226.39	+0.009%	$154.3M	$218.5M	50x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.41	+0.016%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.44	+0.031%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.035%	$1.3M	$722K	10x	as long as short
Lighter NVDA	+0.0120%	1h	226.34	−0.012%	$2.1M	$3.2M	20x	as long as short
Nado NVDA-PERP	+0.0140%	1h	226.22	−0.065%	$481K	$223K	20x	as long as short
Lighter RH NVDA	+0.0160%	1h	226.47	+0.044%	$5.1M	$7.0M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.94	+0.252%	$73K	$140	30x	as long as short
BloFin NVDA-USDT	+0.0222%	8h	226.55	+0.080%	$713K	$195K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0325%	1h	226.38	+0.004%	$53K	$1.8M	10x	as long as short
Extended NVDA_24_5-USD	+0.0376%	1h	226.16	−0.095%	$646K	$872K	10x	as long as short
edgeX NVDAUSDC	+0.0727%	4h	226.44	+0.030%	$170K	$1.9M	20x	as long as short