Funding you earn now, next payment 11:00 UTC−0.0212%/8h= −23.3% APRpaid last 24h −0.010%
Price spread now: Variational Omni against Arcus−0.021%7-day average +0.078% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.051%−$5 on $10k
+Price spread, last 4 days (all we have)+0.151%+$15 · spread now −0.021%, 7d avg +0.078%
=Together, before fees+0.101%+ Points / potential airdropVariational Omni: Active · farm board+$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Variational Omni is 0.099% cheaper against Arcus than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.078%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.051% in total (about -4.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus NVDA-USD | 227.31 | 0.0320 | pay 0.0040% / 1h | 57m 25s | $384K | $704K | 20x |
| Short | Variational Omni NVDA | 227.26 | 0.0108 | get 0.0108% / 8h | 5h 57m | $3.3M | $2.4M | — |
Arcus NVDA-USD
Variational Omni NVDAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$44.6
- Price spread: −0.021% → +0.078%
- −$9.9
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$59.01
- Costs to cover
- 0.045%
- Break-even
- never at this rate
Slippage unknown: Arcus: live order book, 54 min ago; Variational Omni: RFQ quote, 5 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 Arcus live order book, 54 min ago | 1.32 bp | 7.0 bp −$7 | 8.0 bp −$80 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 2.80 bp | doesn't fit | 4.6 bp −$46 | doesn't fit | doesn't fit |
NVDA on 35 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NVDA-PERP | −0.1600% | 1h | 225.99 | −0.581% | $35K | — | 20x | as long as short |
| Bybit NVDAUSDT | 0.0000% | 8h | 227.37 | +0.026% | $12.8M | $15.9M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 227.36 | +0.022% | $14.4M | $20.3M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 227.29 | −0.009% | $7.2M | $9.1M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 227.40 | +0.040% | $15.6M | $16.1M | 100x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 226.91 | −0.176% | $3K | $3.4M | 20x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | 0.0000% | 1h | 227.23 | −0.035% | $17K | $1.9M | 10x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 227.46 | +0.066% | $199K | $400K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 227.42 | +0.048% | $2.2M | $41K | 10x | as long as short |
| GRVT NVDA_USDT_Perp | +0.0012% | 8h | 227.39 | +0.034% | $20K | $432K | 10x | as long as short |
Hotstuff NVDA-PERP
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
SunX NVDA-USDT
Deribit NVDA_USDC-PERPETUAL
HTX NVDA-USDT
Phemex NVDAUSDT
GRVT NVDA_USDT_PerpShow all 35 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps NVDAUSD | +0.0012% | 1h | 227.23 | −0.033% | $118K | $52K | 10x | as long as short |
| Lighter NVDA | +0.0032% | 1h | 227.29 | −0.008% | $2.1M | $3.1M | 20x | as long as short |
| Extended NVDA_24_5-USD | +0.0032% | 1h | 227.17 | −0.060% | $613K | $940K | 10x | as long as short |
| Aster NVDAUSDT | +0.0039% | 8h | 227.25 | −0.026% | $483K | $566K | 20x | as long as short |
| QFEX NVDA-USD | +0.0044% | 1h | 227.31 | 0.000% | $1.3M | $9.0M | 10x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 227.52 | +0.092% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 227.22 | −0.040% | $148.5M | $45.7M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 227.25 | −0.026% | $393K | $241K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 227.25 | −0.026% | $59K | $16K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 227.08 | −0.101% | $1.5M | $1.9M | 15x | as long as short |
| Lighter RH NVDA | +0.0072% | 1h | 227.45 | +0.062% | $5.1M | $7.1M | 20x | as long as short |
| Nado NVDA-PERP | +0.0080% | 1h | 227.26 | −0.022% | $478K | $210K | 20x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 227.20 | −0.050% | $298K | $50K | 10x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 227.22 | −0.040% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 227.30 | −0.004% | $36K | $19K | 20x | as long as short |
| Phoenix NVDA | +0.0106% | 1h | 227.26 | −0.022% | $93K | $82K | 20x | as long as short |
| Variational Omni NVDAshort | +0.0108% | 8h | 227.26 | −0.021% | $3.3M | $2.4M | — | |
| Aevo NVDA-PERP | +0.0120% | 1h | 227.33 | +0.009% | — | — | 10x | as long as short |
| KuCoin NVDAUSDTM | +0.0128% | 8h | 227.29 | −0.009% | $1.6M | $1.3M | 20x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0136% | 1h | 226.45 | −0.378% | $1.3M | $657K | 10x | as long as short |
| Binance NVDAUSDT | +0.0162% | 8h | 227.37 | +0.026% | $155.9M | $224.7M | 50x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 227.53 | +0.097% | $73K | $135 | 30x | as long as short |
| BloFin NVDA-USDT | +0.0281% | 8h | 227.38 | +0.031% | $728K | $203K | 20x | as long as short |
| Arcus NVDA-USDlong | +0.0320% | 1h | 227.31 | long leg | $384K | $704K | 20x | |
| edgeX NVDAUSDC | +0.0602% | 4h | 227.24 | −0.032% | $171K | $1.9M | 20x | as long as short |
Aftermath Perps NVDAUSD
Lighter NVDA
Extended NVDA_24_5-USD
Aster NVDAUSDT
QFEX NVDA-USD
Vest NVDA-USD-PERP
tradeXYZ xyz:NVDA
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
Lighter RH NVDA
Nado NVDA-PERP
Pacifica NVDA
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Phoenix NVDA
Aevo NVDA-PERP
KuCoin NVDAUSDTM
Coinbase International NVDA-PERP-INTX
Binance NVDAUSDT
Injective NVDA/USDC PERP
BloFin NVDA-USDT
edgeX NVDAUSDC