Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.003%

Price spread now: Binance against ApeX Omni+0.040%59s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.040% dearer against ApeX Omni than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 59 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	ApeX Omni NVDAUSDT	227.45	0.0100	pay 0.0013% / 1h	44m 33s	$16K	$44K	50x
Short	Binance NVDAUSDT	227.54	0.0128	get 0.0128% / 8h	4h 44m	$156.5M	$216.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now +0.040%Rate

Funding earned: $5.92
Price spread: +0.040% → 0.000%: $4.01
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$10.06
Costs to cover: 0.200%
Break-even: 18.9 days

Slippage unknown: ApeX Omni: no order-book sample; Binance: live order book, 14 min ago. Net counts fees only.

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 ApeX Omni no order-book sample	—	—	—	—	—
Sell Binance live order book, 14 min ago	0.22 bp	5.3 bp −$5	7.4 bp −$74	18.7 bp −$1,874	doesn't fit

ApeX Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 NVDAUSDT	0.0000%	8h	227.54	+0.040%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.51	+0.026%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.48	+0.013%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.58	+0.057%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.14	−0.136%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.46	+0.004%	$49K	$1.6M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	+0.084%	$198K	$472K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.63	+0.079%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0018%	1h	227.42	−0.012%	$118K	$54K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.57	+0.053%	$406K	$744K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0043%	8h	227.56	+0.047%	$483K	$590K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.66	+0.092%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.40	−0.022%	$147.8M	$43.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.53	+0.035%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.41	−0.018%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.30	−0.066%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.54	+0.040%	$1.4M	$9.4M	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0068%	8h	227.60	+0.066%	$20K	$386K	10x	as long as short
Variational Omni NVDA	+0.0075%	8h	227.53	+0.036%	$3.5M	$2.1M	—	as long as short
Pacifica NVDA	+0.0100%	1h	227.42	−0.011%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDTlong	+0.0100%	1h	227.45	long leg	$16K	$44K	50x
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.53	+0.035%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	+0.035%	$1.3M	$775K	10x	as long as short
Lighter NVDA	+0.0112%	1h	227.52	+0.031%	$2.2M	$3.3M	20x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.53	+0.037%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0116%	1h	227.45	−0.001%	$484K	$228K	20x	as long as short
Binance NVDAUSDTshort	+0.0128%	8h	227.54	+0.040%	$156.5M	$216.2M	50x
Phoenix NVDA	+0.0141%	1h	227.52	+0.031%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0152%	8h	227.56	+0.048%	$1.6M	$726K	20x	as long as short
Hotstuff NVDA-PERP	+0.0184%	1h	227.40	−0.022%	$35K	—	20x	as long as short
Lighter RH NVDA	+0.0200%	1h	227.69	+0.106%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.03	+0.255%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0249%	8h	227.57	+0.053%	$724K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0488%	1h	227.37	−0.035%	$685K	$733K	10x	as long as short
edgeX NVDAUSDC	+0.0666%	4h	227.55	+0.042%	$170K	$1.9M	20x	as long as short