Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.024%

Price spread now: Ondo Perps against Gate−0.053%7-day average −0.090% · you buy dearer than you sell

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

Long on Gate Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.145%+$15 on $10k

Price spread, last 7 days−0.014%−$1 · spread now −0.053%, 7d avg −0.090%

Together, before fees+0.131%+ Points / potential airdropOndo Perps: Active · farm board+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.037% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NVDA_USDT	227.39	0	get 0.0000% / 8h	51m 58s	$7.2M	$9.6M	100x
Short	Ondo Perps NVDA-USD.P	227.27	0.0050	get 0.0006% / 1h	51m 58s	$1.6M	$2.1M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Gate. 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 GatebpFee Ondo PerpsbpOrdersPrice spread, now −0.053%Rate

Funding earned: $10.58
Price spread: −0.053% → −0.090%: $3.74
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$5.68
Costs to cover: 0.200%
Break-even: 10.8 days

Slippage unknown: Gate: 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 Gate live order book, 2 min ago	0.66 bp	15.0 bp −$15	23.6 bp −$236	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 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	227.42	+0.013%	$482K	$587K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.47	+0.035%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.43	+0.018%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDTlong	0.0000%	8h	227.39	long leg	$7.2M	$9.6M	100x
Variational Omni NVDA	0.0000%	8h	227.41	+0.011%	$3.5M	$2.0M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.49	+0.044%	$20K	$426K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.94	−0.198%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	+0.040%	$198K	$525K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.53	+0.062%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0028%	1h	227.46	+0.033%	$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-USD	+0.0032%	1h	227.25	−0.062%	$536K	$446K	10x	as long as short
Binance NVDAUSDT	+0.0036%	8h	227.48	+0.040%	$156.3M	$220.2M	50x	as long as short
Bitget NVDAUSDT	+0.0040%	8h	227.49	+0.044%	$15.6M	$17.7M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.49	+0.044%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.32	−0.031%	$147.3M	$48.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.33	−0.026%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.31	−0.035%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.Pshort	+0.0050%	1h	227.27	−0.053%	$1.6M	$2.1M	15x
QFEX NVDA-USD	+0.0060%	1h	227.43	+0.018%	$1.6M	$11.4M	10x	as long as short
Hotstuff NVDA-PERP	+0.0064%	1h	227.27	−0.053%	$35K	—	20x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.45	+0.028%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.167%	$1.3M	$862K	10x	as long as short
Nado NVDA-PERP	+0.0100%	1h	227.28	−0.046%	$483K	$228K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.30	−0.040%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.49	+0.044%	$1.6M	$746K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.30	−0.040%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.45	+0.026%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.34	−0.022%	$93K	$112K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.30	−0.040%	$399K	$724K	20x	as long as short
BloFin NVDA-USDT	+0.0141%	8h	227.46	+0.031%	$671K	$204K	20x	as long as short
Lighter RH NVDA	+0.0208%	1h	227.59	+0.088%	$5.1M	$7.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.73	+0.150%	$73K	$135	30x	as long as short
Lighter NVDA	+0.0240%	1h	227.48	+0.039%	$2.1M	$3.3M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0410%	1h	227.41	+0.009%	$49K	$1.4M	10x	as long as short
edgeX NVDAUSDC	+0.0697%	4h	227.47	+0.035%	$170K	$1.9M	20x	as long as short