Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h +0.041%

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

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

Long on Hotstuff Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.021% dearer against Hotstuff than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff NVDA-PERP	226.29	0.0040	pay 0.0005% / 1h	22m 14s	$35K	—	20x
Short	Variational Omni NVDA	226.34	0.0004	get 0.0004% / 8h	2h 22m	$3.6M	$2.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Hotstuff. 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 HotstuffbpFee Variational OmnibpOrdersPrice spread, now +0.021%Rate

Funding earned: −$7.47
Price spread: +0.021% → 0.000%: $2.11
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10.36
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Variational Omni: RFQ quote, 2 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 2 min ago	2.80 bp	doesn't fit	4.0 bp −$40	doesn't fit	doesn't fit

Hotstuff: 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	226.48	+0.083%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.47	+0.080%	$12.5M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.52	+0.102%	$14.2M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.36	+0.031%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.46	+0.075%	$15.2M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.42	+0.059%	$22K	$410K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.11	−0.080%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.55	+0.115%	$198K	$459K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.53	+0.106%	$2.2M	$43K	10x	as long as short
Variational Omni NVDAshort	+0.0004%	8h	226.34	+0.021%	$3.6M	$2.1M	—

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0012%	1h	226.34	+0.020%	$117K	$52K	10x	as long as short
Hotstuff NVDA-PERPlong	+0.0040%	1h	226.29	long leg	$35K	—	20x
Arcus NVDA-USD	+0.0040%	1h	226.34	+0.022%	$398K	$728K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.32	+0.013%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.46	+0.075%	—	$74K	25x	as long as short
Lighter NVDA	+0.0048%	1h	226.38	+0.040%	$2.1M	$3.4M	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.25	−0.018%	$146.9M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.34	+0.022%	$398K	$278K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.28	−0.004%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.19	−0.044%	$1.6M	$2.0M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0059%	1h	226.33	+0.018%	$53K	$1.8M	10x	as long as short
Nado NVDA-PERP	+0.0078%	1h	226.24	−0.022%	$481K	$227K	20x	as long as short
Binance NVDAUSDT	+0.0081%	8h	226.48	+0.085%	$154.4M	$218.4M	50x	as long as short
Lighter RH NVDA	+0.0096%	1h	226.62	+0.146%	$5.1M	$7.1M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.26	−0.012%	$297K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.44	+0.066%	$1.6M	$739K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.19	−0.044%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.35	+0.027%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.38	+0.038%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.27	−0.009%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.29	0.000%	$1.3M	$789K	10x	as long as short
BloFin NVDA-USDT	+0.0200%	8h	226.44	+0.066%	$716K	$191K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.71	+0.186%	$73K	$138	30x	as long as short
Extended NVDA_24_5-USD	+0.0344%	1h	226.21	−0.035%	$668K	$766K	10x	as long as short
edgeX NVDAUSDC	+0.0908%	4h	226.31	+0.009%	$170K	$1.9M	20x	as long as short