Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0016%/8h= +1.7% APRpaid last 24h 0.000%

Price spread now: Aftermath Perps against OKX−0.102%7-day average −0.054% · 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−$45as in the Price arb table

costs, in and out, $10k−$400.401% of the position

Long on OKX Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.120%−$12 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.102%, 7d avg −0.054%

Together, before fees−0.077%−$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aftermath Perps is 0.047% cheaper against OKX than usual: you would sell low and buy high (spread −0.102% now, against its 7-day average of −0.054%). If the spread goes back, that is −$5 on $10k: about 10 days of funding at the current rate ($0 a day). Mind the row above: over the last 3 days funding on this pair cost −0.120%, 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	OKX NVDA-USDT-SWAP	226.42	0	get 0.0000% / 8h	1h 27m	$14.1M	$20.6M	50x
Short	Aftermath Perps NVDAUSD	226.19	0.0016	get 0.0002% / 1h	27m 39s	$117K	$51K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against OKX. 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 OKXbpFee Aftermath PerpsbpOrdersPrice spread, now −0.102%Rate

Funding earned: $3.26
Price spread: −0.102% → −0.054%: −$4.75
Slippage, 4 orders: −$21.13
Fee OKX: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$41.62
Costs to cover: 0.401%
Break-even: 96.4 days

Slippage from OKX: live order book, 1 min ago; Aftermath Perps: live order book, 16 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 OKX live order book, 1 min ago	0.22 bp	5.9 bp −$6	7.9 bp −$79	19.3 bp −$1,930	doesn't fit
Sell Aftermath Perps live order book, 16 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
Aster NVDAUSDT	0.0000%	8h	226.45	+0.013%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.44	+0.009%	$12.4M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAPlong	0.0000%	8h	226.42	long leg	$14.1M	$20.6M	50x
Gate NVDA_USDT	0.0000%	8h	226.41	−0.004%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.49	+0.031%	$15.2M	$16.0M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.34	−0.035%	$21K	$419K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.11	−0.137%	$2K	$3.6M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.41	−0.004%	$53K	$1.8M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.46	+0.018%	$198K	$452K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.60	+0.079%	$2.2M	$42K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSDshort	+0.0016%	1h	226.19	−0.102%	$117K	$51K	10x
Variational Omni NVDA	+0.0016%	8h	226.32	−0.046%	$3.5M	$2.2M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.35	−0.031%	$399K	$731K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.57	+0.066%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.29	−0.057%	$147.0M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.40	−0.009%	$391K	$285K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.33	−0.040%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.08	−0.150%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.48	+0.026%	$1.3M	$9.1M	10x	as long as short
Lighter NVDA	+0.0080%	1h	226.41	−0.004%	$2.1M	$3.3M	20x	as long as short
Binance NVDAUSDT	+0.0084%	8h	226.45	+0.012%	$154.5M	$217.9M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.29	−0.059%	$297K	$46K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.39	−0.013%	$1.6M	$742K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.16	−0.115%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.43	+0.004%	$36K	$21K	20x	as long as short
Hotstuff NVDA-PERP	+0.0104%	1h	226.34	−0.035%	$35K	—	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.46	+0.018%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.26	−0.071%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.057%	$1.3M	$732K	10x	as long as short
Lighter RH NVDA	+0.0120%	1h	226.55	+0.057%	$5.0M	$7.0M	20x	as long as short
Nado NVDA-PERP	+0.0126%	1h	226.36	−0.027%	$481K	$224K	20x	as long as short
BloFin NVDA-USDT	+0.0205%	8h	226.48	+0.026%	$715K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.67	+0.110%	$73K	$138	30x	as long as short
Extended NVDA_24_5-USD	+0.0424%	1h	226.26	−0.068%	$635K	$816K	10x	as long as short
edgeX NVDAUSDC	+0.0818%	4h	226.29	−0.055%	$170K	$1.9M	20x	as long as short