Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.011%

Price spread now: Variational Omni against ApeX Omni+0.050%7-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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.050% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.050% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni NVDAUSDT	227.30	0.0100	pay 0.0013% / 1h	50m 55s	$16K	$44K	50x
Short	Variational Omni NVDA	227.41	0	get 0.0000% / 8h	50m 55s	$3.5M	$2.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.050%Rate

Funding earned: −$21
Price spread: +0.050% → 0.000%: $5.03
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$25.97
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: ApeX Omni: no order-book sample; Variational Omni: RFQ quote, 3 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 Variational Omni RFQ quote, 3 min ago	2.79 bp	doesn't fit	3.9 bp −$39	doesn't fit	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
Aster NVDAUSDT	0.0000%	8h	227.42	+0.053%	$482K	$587K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.47	+0.075%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.43	+0.057%	$14.4M	$21.1M	50x	as long as short
Hotstuff NVDA-PERP	0.0000%	1h	227.31	+0.004%	$35K	—	20x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.38	+0.035%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDAshort	0.0000%	8h	227.41	+0.050%	$3.5M	$2.0M	—
GRVT NVDA_USDT_Perp	0.0000%	8h	227.49	+0.084%	$20K	$426K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.93	−0.163%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	+0.079%	$198K	$525K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.49	+0.084%	$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 NVDAUSD	+0.0028%	1h	227.46	+0.072%	$118K	$55K	10x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.26	−0.019%	$536K	$446K	10x	as long as short
Binance NVDAUSDT	+0.0037%	8h	227.48	+0.077%	$156.3M	$220.2M	50x	as long as short
Bitget NVDAUSDT	+0.0040%	8h	227.48	+0.079%	$15.6M	$17.7M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.49	+0.084%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.30	0.000%	$147.3M	$48.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.36	+0.026%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.31	+0.004%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.26	−0.018%	$1.6M	$2.1M	15x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.45	+0.066%	$1.6M	$11.4M	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.46	+0.070%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.128%	$1.3M	$862K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.29	−0.004%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.50	+0.088%	$1.6M	$746K	20x	as long as short
ApeX Omni NVDAUSDTlong	+0.0100%	1h	227.30	long leg	$16K	$44K	50x
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.45	+0.066%	$36K	$22K	20x	as long as short
Nado NVDA-PERP	+0.0101%	1h	227.28	−0.007%	$483K	$228K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.34	+0.018%	$93K	$112K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.31	+0.004%	$399K	$724K	20x	as long as short
BloFin NVDA-USDT	+0.0148%	8h	227.50	+0.088%	$672K	$204K	20x	as long as short
Lighter RH NVDA	+0.0216%	1h	227.58	+0.123%	$5.1M	$7.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.73	+0.189%	$73K	$135	30x	as long as short
Lighter NVDA	+0.0240%	1h	227.48	+0.079%	$2.1M	$3.3M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0410%	1h	227.41	+0.048%	$49K	$1.4M	10x	as long as short
edgeX NVDAUSDC	+0.0697%	4h	227.47	+0.075%	$170K	$1.9M	20x	as long as short