Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.022%

Price spread now: Aster against Phemex−0.033%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$760.761% of the position

Long on Phemex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.154%+$15 on $10k

Price spread, last 4 days (all we have)+0.070%+$7 · spread now −0.033%, 7d avg −0.020%

Together, before fees+0.225%+ Points / potential airdropAster: Stage 5 · farm board+$22 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NVDAUSDT	226.95	0	get 0.0000% / 4h	2h 48m	$2.2M	$43K	10x
Short	Aster NVDAUSDT	226.88	0	get 0.0000% / 8h	2h 48m	$483K	$571K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phemex. 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 PhemexbpFee AsterbpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → −0.020%: −$1.25
Slippage, 4 orders: −$56.11
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$77.36
Costs to cover: 0.761%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; Aster: live order book, 64 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 Phemex live order book, 5 min ago	1.54 bp	33.4 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 64 min ago	1.10 bp	5.1 bp −$5	6.2 bp −$62	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	226.88	−0.033%	$483K	$571K	20x
Bybit NVDAUSDT	0.0000%	8h	226.87	−0.035%	$12.5M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.86	−0.040%	$14.3M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.85	−0.044%	$7.3M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.92	−0.013%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.94	−0.006%	$21K	$409K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.57	−0.167%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.83	−0.053%	$52K	$1.7M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.01	+0.026%	$198K	$462K	30x	as long as short
Phemex NVDAUSDTlong	0.0000%	4h	226.95	long leg	$2.2M	$43K	10x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0007%	1h	226.72	−0.101%	$117K	$52K	10x	as long as short
Variational Omni NVDA	+0.0009%	8h	226.94	−0.006%	$3.6M	$2.1M	—	as long as short
Lighter NVDA	+0.0032%	1h	226.88	−0.030%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.84	−0.048%	$398K	$729K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.92	−0.013%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.05	+0.044%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.76	−0.084%	$147.3M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.86	−0.040%	$399K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.76	−0.084%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.75	−0.088%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0054%	1h	226.85	−0.044%	$482K	$226K	20x	as long as short
edgeX NVDAUSDC	+0.0063%	4h	226.87	−0.035%	$170K	$1.9M	20x	as long as short
Binance NVDAUSDT	+0.0081%	8h	226.92	−0.012%	$155.2M	$217.2M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.81	−0.062%	$298K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.91	−0.018%	$1.6M	$734K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.81	−0.062%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.86	−0.040%	$36K	$21K	20x	as long as short
Lighter RH NVDA	+0.0104%	1h	227.03	+0.035%	$5.1M	$7.1M	20x	as long as short
Hotstuff NVDA-PERP	+0.0104%	1h	226.79	−0.071%	$35K	—	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.89	−0.025%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.86	−0.040%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.63	−0.141%	$1.3M	$781K	10x	as long as short
BloFin NVDA-USDT	+0.0201%	8h	227.00	+0.022%	$718K	$191K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.12	+0.075%	$73K	$136	30x	as long as short
Extended NVDA_24_5-USD	+0.0256%	1h	226.73	−0.097%	$668K	$767K	10x	as long as short