Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Bybit−0.128%7-day average −0.105% · you buy dearer than you sell

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

Long on Bybit Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 7 days−0.061%−$6 · spread now −0.128%, 7d avg −0.105%

Together, before fees+0.005%+ Points / potential airdropOndo Perps: Active · farm board$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.023% cheaper against Bybit than usual: you would sell low and buy high (spread −0.128% now, against its 7-day average of −0.105%). If the spread goes back, that is −$2 on $10k: about 37 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NVDAUSDT	226.59	0	get 0.0000% / 8h	6h 19m	$12.7M	$15.5M	100x
Short	Ondo Perps NVDA-USD.P	226.30	0.0050	get 0.0006% / 1h	19m 06s	$1.6M	$1.9M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bybit. 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 BybitbpFee Ondo PerpsbpOrdersPrice spread, now −0.128%Rate

Funding earned: $10.58
Price spread: −0.128% → −0.105%: −$2.33
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$7.75
Costs to cover: 0.160%
Break-even: 12.1 days

Slippage unknown: Bybit: live order book, 2 min ago; Ondo Perps: 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 Bybit live order book, 2 min ago	0.44 bp	6.5 bp −$6	7.7 bp −$77	27.1 bp −$2,713	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 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
Bybit NVDAUSDTlong	0.0000%	8h	226.59	long leg	$12.7M	$15.5M	100x
OKX NVDA-USDT-SWAP	0.0000%	8h	226.59	0.000%	$14.3M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.50	−0.040%	$7.2M	$9.5M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.67	+0.035%	$15.6M	$15.9M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.11	−0.212%	$2K	$3.4M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.43	−0.071%	$37K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.64	+0.022%	$198K	$400K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.71	+0.053%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	226.51	−0.035%	$117K	$51K	10x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.41	−0.082%	$617K	$929K	10x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NVDA_USDT_Perp	+0.0040%	8h	226.64	+0.022%	$21K	$430K	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.70	+0.049%	—	$74K	25x	as long as short
QFEX NVDA-USD	+0.0047%	1h	226.55	−0.018%	$1.3M	$9.0M	10x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.48	−0.049%	$147.7M	$45.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.46	−0.057%	$391K	$240K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.45	−0.062%	$59K	$17K	10x	as long as short
Ondo Perps NVDA-USD.Pshort	+0.0050%	1h	226.30	−0.128%	$1.6M	$1.9M	15x
Aster NVDAUSDT	+0.0078%	8h	226.58	−0.004%	$484K	$565K	20x	as long as short
Lighter NVDA	+0.0080%	1h	226.57	−0.008%	$2.1M	$3.2M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.37	−0.097%	$297K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.45	−0.062%	$16K	$45K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.53	−0.026%	$36K	$19K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	226.57	−0.009%	$93K	$83K	20x	as long as short
Nado NVDA-PERP	+0.0112%	1h	226.43	−0.071%	$478K	$209K	20x	as long as short
Variational Omni NVDA	+0.0114%	8h	226.54	−0.023%	$3.3M	$2.4M	—	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.55	−0.019%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.45	−0.062%	$1.3M	$665K	10x	as long as short
KuCoin NVDAUSDTM	+0.0131%	8h	226.59	0.000%	$1.6M	$1.2M	20x	as long as short
Hotstuff NVDA-PERP	+0.0152%	1h	226.43	−0.071%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0164%	8h	226.63	+0.016%	$155.3M	$223.3M	50x	as long as short
Lighter RH NVDA	+0.0176%	1h	226.73	+0.062%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.08	+0.216%	$73K	$138	30x	as long as short
Arcus NVDA-USD	+0.0225%	1h	226.50	−0.040%	$383K	$703K	20x	as long as short
BloFin NVDA-USDT	+0.0284%	8h	226.62	+0.013%	$726K	$201K	20x	as long as short
edgeX NVDAUSDC	+0.0693%	4h	226.54	−0.021%	$170K	$1.9M	20x	as long as short