Funding arb · Price arb / RWA

NVDA

RWAAll NVDA markets →

LONGAvantis▾Reya −0.1861%tradeXYZ −0.1323%Extended −0.0712%Popdex −0.0384%Nado −0.0324%TxFlow −0.0219%ApeX Omni −0.0181%Lighter RH −0.0072%BingX −0.0050%Avantis −0.0014%Aster 0.0000%Binance 0.0000%Bybit 0.0000%OKX 0.0000%RISEx 0.0000%QFEX 0.0000%Gate 0.0000%MEXC 0.0000%KuCoin 0.0000%Bitget 0.0000%Backpack 0.0000%Variational Omni 0.0000%GRVT 0.0000%Phoenix 0.0000%Bullet 0.0000%SunX 0.0000%Deribit 0.0000%HTX 0.0000%Phemex 0.0000%AZverse +0.0008%Kraken Futures +0.0019%Paradex +0.0034%Arcus +0.0038%Vest Markets +0.0046%Polymarket Perps +0.0050%SoDEX +0.0050%Aevo +0.0080%Orderly +0.0100%BloFin +0.0120%edgeX +0.0121%Pacifica +0.0160%Lighter +0.0192%Injective +0.0220%Aftermath Perps +0.0400%

⇄⇅

SHORTOndo Perps▾Aftermath Perps +0.0400%Injective +0.0220%Lighter +0.0192%Pacifica +0.0160%edgeX +0.0121%BloFin +0.0120%Orderly +0.0100%Aevo +0.0080%Polymarket Perps +0.0050%SoDEX +0.0050%Vest Markets +0.0046%Arcus +0.0038%Paradex +0.0034%Kraken Futures +0.0019%AZverse +0.0008%Aster 0.0000%Binance 0.0000%Bybit 0.0000%OKX 0.0000%RISEx 0.0000%QFEX 0.0000%Gate 0.0000%MEXC 0.0000%KuCoin 0.0000%Bitget 0.0000%Backpack 0.0000%Variational Omni 0.0000%GRVT 0.0000%Phoenix 0.0000%Bullet 0.0000%SunX 0.0000%Deribit 0.0000%HTX 0.0000%Phemex 0.0000%BingX −0.0050%Lighter RH −0.0072%ApeX Omni −0.0181%TxFlow −0.0219%Ondo Perps −0.0236%Nado −0.0324%Popdex −0.0384%Extended −0.0712%tradeXYZ −0.1323%Reya −0.1861%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	AvantisNVDA/USD	211.52	L −0.0014S +0.0015	get 0.0002% / 1h	58m 53s	$104K	—	25x	Long Avantis
SHORT	Ondo PerpsNVDA-USD.P2	212.28	−0.0236	pay 0.0029% / 1h	58m 53s	$1.4M	$229K	15x	Short Ondo Perps5% off

Price gap+0.359%

Funding gap−0.0222% /8h

The gap pays +$27 on $10k if it goes back to its 7d average, but funding costs $7 a day and eats that in about 4.1 days.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.028% in total, about +0.0013%/8h on average.

Price and funding

Price spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Price spread?

Prices?

Funding?per 8h

PRICE SPREAD · 7D

Now+0.359%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

AvantisOndo Perps

NVDA on 45 exchanges

lowest funding first

Before you open

4 ok · 1 to watch

• i
  Note: Order book unknown—

  No order-book sample for Avantis: its slippage is not counted.
• i
  Note: Margin at max leverage$400 + $667

  Avantis 25x, Ondo Perps 15x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Avantis · 1h+$0.41

  Short Ondo Perps · 1h−$7.08

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$6.67Long Avantis: 24 payments, +$0.41; short Ondo Perps: 24 payments, −$7.08.
• ✓
  OK: Entry gap works for you+0.359% vs +0.087%

  You short the dearer leg. If the gap goes back to average, the short gains.
• !
  Watch: Long leg is thinner$104K vs $1.4M OI

  Avantis sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legAvantis Season 3 · Ondo Perps points

  Volume here counts toward the points program.
• ✓
  OK: No KYC on either legAvantis No · Ondo Perps No

  Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0013%/8h × 21 periods+$2.78

Price spread+0.359% → +0.087% (7d avg)+$27.24

Slippage, 4 ordersno data for Avantis—

Fee Avantis bp × 2 orders−$9.00

Fee Ondo Perps bp × 2 orders−$5.00

Net, fees only · 7 days · $10k+$16.02

Costs to cover0.140%Break-evenfrom the start

Slippage: Avantis: no order-book sample; Ondo Perps: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGAvantis—————

SELL · SHORTOndo Perps2.125.1 bp−$515.9 bp−$159doesn’t fitdoesn’t fit

Closing costs about the same again.
Avantis: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

NVDA news

posts that mention NVDA or Nvidia, from every exchangeSearch all news →

10-25 23:45	Kalshi	Other	JUST IN: Nvidia says AI infrastructure is a “durable” asset that retains value @Kalshi on X ↗
10-25 22:00	Kalshi	Other	JUST IN: Nvidia CEO says demand for GrokBot is “really skyrocketing” @Kalshi on X ↗
10-25 14:30	Kalshi	Other	BREAKING: Nvidia CEO says he "loves working with Elon Musk" @Kalshi on X ↗
10-25 12:00	KuCoin	Other	Agentic AI is moving beyond chatbots, with NVIDIA, Arista Networks, ServiceNow, and Salesforce emerging as key companies across AI infrastructure and enterprise automation. Salesforce reports over $1.5B in Agentforce annual recurring revenue, up more than 240% year over year, while NVIDIA's Data Center revenue surged 117%. Yet adoption costs, reliability, and competition remain key risks. Which companies could turn AI agents into lasting growth? Explore the opportunities and risks on the KuCoin Blog 👇 @kucoincom on X ↗
10-25 10:30	Kalshi	Other	BREAKING: Nvidia CEO says China scales AI researchers "better than anyone" @Kalshi on X ↗
10-25 07:00	MEXC	Other	Our Anthropic Pre-IPO Launchpad is coming. Complete missions first for a chance to win ANTHROPIC(PRE), an NVIDIA H200 GPU, and more! Win now. 👉 @MEXC on X ↗