Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.013%

Price spread now: OKX against ApeX Omni−0.009%60s7-day average — · you buy dearer than you sell

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

Long on ApeX Omni Short on OKX

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate. 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	ApeX Omni NVDAUSDT	227.14	0.0100	pay 0.0013% / 1h	26m 29s	$16K	$44K	50x
Short	OKX NVDA-USDT-SWAP	227.12	0	get 0.0000% / 8h	3h 26m	$14.3M	$20.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$21
Price spread: −0.009% → 0.000%: −$0.88
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$41.88
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: ApeX Omni: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	0.22 bp	5.2 bp −$5	7.3 bp −$73	20.2 bp −$2,021	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	227.13	−0.004%	$12.6M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAPshort	0.0000%	8h	227.12	−0.009%	$14.3M	$20.4M	50x
Gate NVDA_USDT	0.0000%	8h	227.10	−0.018%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.18	+0.018%	$15.4M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.27	+0.055%	$20K	$394K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.89	−0.110%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.09	−0.022%	$49K	$1.7M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.26	+0.053%	$197K	$462K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.39	+0.110%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	227.09	−0.023%	$118K	$53K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0013%	8h	227.18	+0.018%	$482K	$569K	20x	as long as short
Lighter NVDA	+0.0040%	1h	227.13	−0.007%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.14	0.000%	$399K	$738K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.15	+0.004%	$1.3M	$9.1M	10x	as long as short
Variational Omni NVDA	+0.0043%	8h	227.27	+0.055%	$3.6M	$2.2M	—	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.30	+0.070%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.05	−0.040%	$147.5M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.13	−0.004%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.10	−0.018%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.03	−0.048%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0055%	1h	227.07	−0.030%	$483K	$227K	20x	as long as short
Hotstuff NVDA-PERP	+0.0072%	1h	227.03	−0.048%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0100%	8h	227.17	+0.013%	$155.7M	$216.3M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.07	−0.030%	$298K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.22	+0.035%	$1.6M	$728K	20x	as long as short
ApeX Omni NVDAUSDTlong	+0.0100%	1h	227.14	long leg	$16K	$44K	50x
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.17	+0.013%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.17	+0.014%	—	—	10x	as long as short
Lighter RH NVDA	+0.0128%	1h	227.28	+0.062%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	227.11	−0.013%	$1.3M	$782K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.19	+0.022%	$93K	$112K	20x	as long as short
Extended NVDA_24_5-USD	+0.0192%	1h	227.04	−0.044%	$672K	$780K	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.52	+0.167%	$73K	$138	30x	as long as short
BloFin NVDA-USDT	+0.0220%	8h	227.22	+0.035%	$720K	$201K	20x	as long as short
edgeX NVDAUSDC	+0.0478%	4h	227.22	+0.033%	$170K	$1.9M	20x	as long as short