Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0016%/8h= +1.7% APRpaid last 24h −0.029%

Price spread now: Variational Omni against Deribit−0.020%7-day average +0.021% · you buy dearer than you sell

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

Long on Deribit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.140%−$14 on $10k

Price spread, last 4 days (all we have)+0.136%+$14 · spread now −0.020%, 7d avg +0.021%

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

Funding pays, the price is against you. Variational Omni is 0.041% cheaper against Deribit than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.021%). If the spread goes back, that is −$4 on $10k: about 8.8 days of funding at the current rate ($0 a day). Mind the row above: over the last 4 days funding on this pair cost −0.140%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NVDA_USDC-PERPETUAL	226.79	0	get 0.0000% / 1h	56m 13s	$52K	$1.7M	10x
Short	Variational Omni NVDA	226.75	0.0016	get 0.0016% / 8h	2h 56m	$3.6M	$2.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Deribit. 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 DeribitbpFee Variational OmnibpOrdersPrice spread, now −0.020%Rate

Funding earned: $3.29
Price spread: −0.020% → +0.021%: −$4.11
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$7.83
Costs to cover: 0.070%
Break-even: 23.7 days

Slippage unknown: Deribit: live order book, 3 min ago; 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 Deribit live order book, 3 min ago	3.97 bp	7.9 bp −$8	8.8 bp −$88	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.80 bp	doesn't fit	5.8 bp −$58	doesn't fit	doesn't fit

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	226.88	+0.040%	$483K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.83	+0.018%	$12.5M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.83	+0.018%	$14.3M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.79	0.000%	$7.3M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.87	+0.035%	$15.4M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.77	−0.009%	$21K	$405K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.53	−0.115%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUALlong	0.0000%	1h	226.79	long leg	$52K	$1.7M	10x
HTX NVDA-USDT	0.0000%	8h	226.94	+0.066%	$198K	$464K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.89	+0.044%	$2.2M	$43K	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	+0.0009%	1h	226.58	−0.092%	$117K	$53K	10x	as long as short
Variational Omni NVDAshort	+0.0016%	8h	226.75	−0.020%	$3.6M	$2.1M	—
Hotstuff NVDA-PERP	+0.0016%	1h	226.68	−0.049%	$35K	—	20x	as long as short
Lighter NVDA	+0.0032%	1h	226.81	+0.011%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.72	−0.031%	$398K	$733K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.81	+0.009%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.93	+0.062%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.71	−0.035%	$147.3M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.77	−0.009%	$399K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.70	−0.040%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.57	−0.097%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0069%	1h	226.72	−0.033%	$482K	$226K	20x	as long as short
Binance NVDAUSDT	+0.0084%	8h	226.88	+0.040%	$155.2M	$217.0M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.71	−0.036%	$298K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.83	+0.018%	$1.6M	$734K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.72	−0.031%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.83	+0.018%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.82	+0.012%	—	—	10x	as long as short
Lighter RH NVDA	+0.0128%	1h	226.99	+0.088%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.63	−0.071%	$1.3M	$782K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	226.57	−0.097%	$93K	$112K	20x	as long as short
BloFin NVDA-USDT	+0.0204%	8h	226.86	+0.031%	$719K	$190K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.12	+0.146%	$73K	$135	30x	as long as short
Extended NVDA_24_5-USD	+0.0232%	1h	226.70	−0.037%	$668K	$767K	10x	as long as short
edgeX NVDAUSDC	+0.0923%	4h	226.73	−0.027%	$170K	$1.9M	20x	as long as short