Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.065%

Price spread now: Ondo Perps against edgeX−0.120%54s7-day average −0.075% · you buy dearer than you sell

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

Long on edgeX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.829%−$83 on $10k

Price spread, last 7 days−0.041%−$4 · spread now −0.120%, 7d avg −0.075%

Together, before fees−0.870%+ Points / potential airdropedgeX: Active · Ondo Perps: Active · farm board−$87 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Ondo Perps is 0.046% cheaper against edgeX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.075%). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NVDAUSDC	227.08	0.0126	pay 0.0063% / 4h	8m 25s	$173K	$2.0M	20x
Short	Ondo Perps NVDA-USD.P	226.81	0.0050	get 0.0006% / 1h	8m 25s	$1.5M	$2.0M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against edgeX. 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 edgeXbpFee Ondo PerpsbpOrdersPrice spread, now −0.120%Rate

Funding earned: −$15.97
Price spread: −0.120% → −0.075%: −$4.58
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$34.55
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 4 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 edgeX live order book, 4 min ago	3.53 bp	8.4 bp −$8	12.7 bp −$127	doesn't fit	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
Hotstuff NVDA-PERP	−0.1600%	1h	226.81	−0.120%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.94	−0.063%	$12.5M	$16.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.95	−0.059%	$14.5M	$21.8M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.89	−0.085%	$7.2M	$9.4M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.01	−0.032%	$15.7M	$15.5M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.99	−0.041%	$20K	$425K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.58	−0.222%	$2K	$3.2M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.86	−0.098%	$16K	$1.8M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.96	−0.054%	$198K	$396K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.01	−0.032%	$2.2M	$41K	10x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0016%	1h	226.88	−0.090%	$117K	$51K	10x	as long as short
Aster NVDAUSDT	+0.0022%	8h	226.97	−0.049%	$482K	$566K	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.77	−0.137%	$608K	$925K	10x	as long as short
QFEX NVDA-USD	+0.0038%	1h	226.94	−0.063%	$1.3M	$9.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.10	+0.007%	—	$75K	25x	as long as short
Lighter NVDA	+0.0048%	1h	226.89	−0.085%	$2.0M	$3.1M	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.81	−0.120%	$149.1M	$44.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.88	−0.090%	$394K	$252K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.84	−0.107%	$59K	$17K	10x	as long as short
Ondo Perps NVDA-USD.Pshort	+0.0050%	1h	226.81	−0.120%	$1.5M	$2.0M	15x
Arcus NVDA-USD	+0.0083%	1h	226.89	−0.085%	$383K	$721K	20x	as long as short
Nado NVDA-PERP	+0.0092%	1h	226.88	−0.088%	$477K	$197K	20x	as long as short
Variational Omni NVDA	+0.0099%	8h	226.94	−0.062%	$3.2M	$2.4M	—	as long as short
Pacifica NVDA	+0.0100%	1h	226.78	−0.135%	$298K	$57K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.88	−0.090%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.94	−0.063%	$36K	$18K	20x	as long as short
Lighter RH NVDA	+0.0120%	1h	227.06	−0.010%	$5.2M	$7.2M	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.94	−0.063%	—	—	10x	as long as short
edgeX NVDAUSDClong	+0.0126%	4h	227.08	long leg	$173K	$2.0M	20x
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.95	−0.059%	$1.3M	$681K	10x	as long as short
Binance NVDAUSDT	+0.0152%	8h	226.98	−0.046%	$154.9M	$226.4M	50x	as long as short
KuCoin NVDAUSDTM	+0.0173%	8h	227.01	−0.032%	$1.6M	$1.7M	20x	as long as short
Phoenix NVDA	+0.0176%	1h	226.88	−0.090%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.46	+0.166%	$73K	$138	30x	as long as short
BloFin NVDA-USDT	+0.0275%	8h	227.01	−0.032%	$697K	$178K	20x	as long as short