Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0488%/8h= −53.5% APRpaid last 24h −0.077%

Price spread now: Aster against edgeX−0.030%60s7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$270.270% of the position

Long on edgeX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.750%−$75 on $10k

Price spread, last 4 days (all we have)+0.113%+$11 · spread now −0.030%, 7d avg +0.013%

Together, before fees−0.637%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board−$64 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Aster is 0.042% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.013%). Swap the legs. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NVDAUSDC	227.77	0.0488	pay 0.0244% / 4h	3h 28m	$170K	$1.9M	20x
Short	Aster NVDAUSDT	227.70	0	get 0.0000% / 8h	7h 28m	$483K	$586K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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 edgeXbpFee AsterbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$102.57
Price spread: −0.030% → +0.013%: −$4.25
Slippage, 4 orders: −$9.99
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$133.81
Costs to cover: 0.270%
Break-even: never at this rate

Slippage from edgeX: live order book, just now; Aster: 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 edgeX live order book, just now	3.51 bp	8.4 bp −$8	12.7 bp −$127	doesn't fit	doesn't fit
Sell Aster live order book, 44 min ago	0.88 bp	5.3 bp −$5	10.2 bp −$102	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 NVDAUSDTshort	0.0000%	8h	227.70	−0.030%	$483K	$586K	20x
Bybit NVDAUSDT	0.0000%	8h	227.87	+0.044%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.88	+0.048%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.82	+0.022%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.79	+0.008%	$3.6M	$1.9M	—	as long as short
SunX NVDA-USDT	0.0000%	8h	227.39	−0.167%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.77	0.000%	$198K	$510K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.85	+0.035%	$2.2M	$42K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0014%	8h	227.77	+0.001%	$21K	$394K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.54	−0.103%	$118K	$55K	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	227.70	−0.031%	$524K	$474K	10x	as long as short
Hotstuff NVDA-PERP	+0.0040%	1h	227.72	−0.022%	$35K	—	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.63	−0.062%	$400K	$724K	20x	as long as short
Bitget NVDAUSDT	+0.0041%	8h	227.92	+0.065%	$15.5M	$16.9M	100x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.83	+0.026%	$1.6M	$11.2M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.93	+0.070%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.73	−0.018%	$147.9M	$46.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.82	+0.022%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.69	−0.036%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.55	−0.097%	$1.6M	$2.0M	15x	as long as short
Binance NVDAUSDT	+0.0052%	8h	227.90	+0.055%	$156.6M	$217.4M	50x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.136%	$1.3M	$800K	10x	as long as short
Nado NVDA-PERP	+0.0083%	1h	227.74	−0.014%	$484K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.83	+0.028%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.72	−0.022%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.49	−0.123%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.83	+0.026%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.64	−0.057%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0128%	8h	227.77	0.000%	$1.6M	$741K	20x	as long as short
Lighter NVDA	+0.0144%	1h	227.90	+0.055%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	228.01	+0.105%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0169%	8h	227.85	+0.035%	$717K	$206K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.22	+0.197%	$73K	$138	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0277%	1h	227.81	+0.017%	$49K	$1.4M	10x	as long as short
edgeX NVDAUSDClong	+0.0488%	4h	227.77	long leg	$170K	$1.9M	20x