Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0167%/8h= −18.3% APRpaid last 24h −0.037%

Price spread now: ApeX Omni against BloFin−0.071%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on ApeX Omni

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 against this trade now: funding costs −$5 a day on $10k at the current rate, and ApeX Omni is 0.071% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NVDA-USDT	226.23	0.0267	pay 0.0267% / 8h	7h 27m	$713K	$199K	20x
Short	ApeX Omni NVDAUSDT	226.07	0.0100	get 0.0013% / 1h	27m 02s	$16K	$44K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.071%Rate

Funding earned: −$35.11
Price spread: −0.071% → 0.000%: −$7.07
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$64.18
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 50 min ago; ApeX Omni: no order-book sample. 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 BloFin live order book, 50 min ago	0.22 bp	6.2 bp −$6	8.0 bp −$80	15.9 bp −$1,590	doesn't fit
Sell ApeX Omni no order-book sample	—	—	—	—	—

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	226.19	−0.018%	$12.5M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.18	−0.022%	$14.1M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.13	−0.044%	$7.2M	$10.0M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.23	0.000%	$15.8M	$15.9M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.20	−0.013%	$21K	$429K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.89	−0.150%	$2K	$3.5M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.11	−0.053%	$53K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.28	+0.022%	$198K	$437K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.45	+0.097%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	225.99	−0.106%	$117K	$51K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NVDA-PERP	+0.0024%	1h	226.01	−0.097%	$35K	—	20x	as long as short
Lighter NVDA	+0.0032%	1h	226.15	−0.034%	$2.1M	$3.2M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.09	−0.061%	$640K	$874K	10x	as long as short
Lighter RH NVDA	+0.0040%	1h	226.32	+0.040%	$5.1M	$7.1M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.10	−0.057%	$391K	$738K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.28	+0.022%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.07	−0.071%	$146.7M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	225.98	−0.111%	$390K	$240K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.00	−0.102%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	225.84	−0.172%	$1.6M	$1.9M	15x	as long as short
Nado NVDA-PERP	+0.0052%	1h	226.07	−0.069%	$480K	$222K	20x	as long as short
Aster NVDAUSDT	+0.0063%	8h	226.17	−0.026%	$483K	$544K	20x	as long as short
QFEX NVDA-USD	+0.0072%	1h	226.11	−0.053%	$1.3M	$9.1M	10x	as long as short
Variational Omni NVDA	+0.0095%	8h	226.20	−0.014%	$3.2M	$2.5M	—	as long as short
Pacifica NVDA	+0.0100%	1h	226.02	−0.094%	$297K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.17	−0.027%	$1.6M	$981K	20x	as long as short
ApeX Omni NVDAUSDTshort	+0.0100%	1h	226.07	−0.071%	$16K	$44K	50x
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.16	−0.031%	$36K	$20K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.16	−0.031%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.00	−0.102%	$1.3M	$683K	10x	as long as short
Binance NVDAUSDT	+0.0147%	8h	226.21	−0.010%	$155.1M	$221.6M	50x	as long as short
Phoenix NVDA	+0.0212%	1h	225.96	−0.119%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.54	+0.137%	$73K	$137	30x	as long as short
BloFin NVDA-USDTlong	+0.0267%	8h	226.23	long leg	$713K	$199K	20x
edgeX NVDAUSDC	+0.0758%	4h	226.15	−0.036%	$171K	$1.9M	20x	as long as short