Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h +0.009%

Price spread now: Variational Omni against Extended+0.041%7-day average +0.040% · you sell dearer than you buy

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.041%, 7d avg +0.040%

Together, before fees+0.013%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.040%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NVDA_24_5-USD	227.72	0.0032	pay 0.0004% / 1h	10m 37s	$524K	$469K	10x
Short	Variational Omni NVDA	227.82	0.0004	get 0.0004% / 8h	7h 10m	$3.5M	$1.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now +0.041%Rate

Funding earned: −$5.87
Price spread: +0.041% → +0.040%: $0.03
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10.84
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 62 min ago; Variational Omni: RFQ quote, 4 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 Extended live order book, 62 min ago	0.22 bp	3.8 bp −$4	52.6 bp −$526	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.79 bp	doesn't fit	3.5 bp −$35	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	227.72	0.000%	$483K	$581K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.90	+0.077%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.89	+0.072%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.83	+0.046%	$7.2M	$9.7M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.44	−0.125%	$2K	$3.8M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.76	+0.015%	$49K	$1.5M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.96	+0.103%	$198K	$509K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.88	+0.068%	$2.2M	$43K	10x	as long as short
Variational Omni NVDAshort	+0.0004%	8h	227.82	+0.041%	$3.5M	$1.9M	—
Aftermath Perps NVDAUSD	+0.0013%	1h	227.70	−0.009%	$118K	$55K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USDlong	+0.0032%	1h	227.72	long leg	$524K	$469K	10x
Arcus NVDA-USD	+0.0040%	1h	227.72	−0.002%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.79	+0.029%	$1.6M	$11.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.97	+0.108%	—	$74K	25x	as long as short
Bitget NVDAUSDT	+0.0046%	8h	227.93	+0.090%	$15.5M	$16.9M	100x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.76	+0.015%	$147.9M	$46.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.78	+0.024%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.69	−0.015%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.69	−0.015%	$1.5M	$2.1M	15x	as long as short
Binance NVDAUSDT	+0.0074%	8h	227.91	+0.081%	$156.5M	$217.3M	50x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.116%	$1.3M	$800K	10x	as long as short
Nado NVDA-PERP	+0.0087%	1h	227.75	+0.012%	$484K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.81	+0.038%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.75	+0.011%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.71	−0.007%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.82	+0.042%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.74	+0.007%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0141%	8h	227.91	+0.081%	$1.6M	$735K	20x	as long as short
Lighter NVDA	+0.0152%	1h	227.95	+0.099%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	228.06	+0.147%	$5.1M	$7.1M	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0165%	8h	227.94	+0.094%	$20K	$392K	10x	as long as short
BloFin NVDA-USDT	+0.0194%	8h	227.85	+0.055%	$717K	$206K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.36	+0.279%	$73K	$139	30x	as long as short
Hotstuff NVDA-PERP	+0.0240%	1h	227.70	−0.011%	$35K	—	20x	as long as short
edgeX NVDAUSDC	+0.0997%	4h	227.90	+0.078%	$170K	$1.9M	20x	as long as short