Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h −0.094%

Price spread now: Variational Omni against edgeX−0.025%7-day average +0.026% · you buy dearer than you sell

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

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.437%−$44 on $10k

Price spread, last 7 days+0.041%+$4 · spread now −0.025%, 7d avg +0.026%

Together, before fees−0.395%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board−$40 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 Variational Omni is 0.052% cheaper against edgeX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.026%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NVDAUSDC	227.49	0.0074	pay 0.0037% / 4h	1h 33m	$170K	$1.9M	20x
Short	Variational Omni NVDA	227.43	0	get 0.0000% / 8h	1h 33m	$3.5M	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.025%Rate

Funding earned: −$15.48
Price spread: −0.025% → +0.026%: −$5.15
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$29.63
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 1 min ago; Variational Omni: RFQ quote, 1 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 edgeX live order book, 1 min ago	3.30 bp	8.1 bp −$8	12.6 bp −$126	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.79 bp	doesn't fit	3.6 bp −$36	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
Hotstuff NVDA-PERP	−0.0040%	1h	227.31	−0.078%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.49	+0.001%	$474K	$578K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.46	−0.012%	$12.7M	$15.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.47	−0.007%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.40	−0.038%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDAshort	0.0000%	8h	227.43	−0.025%	$3.5M	$2.3M	—
GRVT NVDA_USDT_Perp	0.0000%	8h	227.46	−0.010%	$20K	$441K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.05	−0.192%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.41	−0.034%	$202K	$522K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.52	+0.015%	$2.2M	$41K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NVDAUSDT	+0.0004%	8h	227.50	+0.006%	$156.2M	$220.7M	50x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	227.24	−0.107%	$118K	$55K	10x	as long as short
Bitget NVDAUSDT	+0.0020%	8h	227.53	+0.019%	$15.6M	$17.9M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.27	−0.095%	$522K	$409K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.45	−0.016%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.51	+0.010%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.32	−0.073%	$147.3M	$49.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.37	−0.051%	$401K	$290K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.32	−0.073%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.27	−0.095%	$1.6M	$2.1M	15x	as long as short
Phoenix NVDA	+0.0070%	1h	227.25	−0.104%	$93K	$112K	20x	as long as short
edgeX NVDAUSDClong	+0.0074%	4h	227.49	long leg	$170K	$1.9M	20x
Nado NVDA-PERP	+0.0079%	1h	227.33	−0.067%	$484K	$227K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.47	−0.009%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.210%	$1.3M	$888K	10x	as long as short
BloFin NVDA-USDT	+0.0099%	8h	227.49	+0.001%	$714K	$205K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.31	−0.078%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.43	−0.025%	$1.6M	$754K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.30	−0.082%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.46	−0.012%	$36K	$22K	20x	as long as short
Lighter RH NVDA	+0.0128%	1h	227.62	+0.059%	$4.9M	$7.0M	20x	as long as short
Lighter NVDA	+0.0152%	1h	227.50	+0.005%	$2.1M	$3.2M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0190%	1h	227.39	−0.043%	$49K	$1.5M	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.61	+0.054%	$73K	$136	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.38	−0.047%	$388K	$709K	20x	as long as short