Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.019%

Price spread now: Variational Omni against HTX−0.031%7-day average +0.012% · you buy dearer than you sell

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

Long on HTX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.019%+$2 on $10k

Price spread, last 3 days (all we have)+0.108%+$11 · spread now −0.031%, 7d avg +0.012%

Together, before fees+0.127%+ Points / potential airdropVariational Omni: Active · farm board+$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.043% cheaper against HTX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NVDA-USDT	227.41	0	get 0.0000% / 8h	1h 37m	$202K	$523K	30x
Short	Variational Omni NVDA	227.34	0	get 0.0000% / 8h	1h 37m	$3.5M	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against HTX. 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 HTXbpFee Variational OmnibpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → +0.012%: −$4.31
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$16.31
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 46 min ago; 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 HTX live order book, 46 min ago	0.22 bp	7.6 bp −$8	9.9 bp −$99	22.2 bp −$2,220	doesn't fit
Sell Variational Omni RFQ quote, 2 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
Hotstuff NVDA-PERP	−0.0064%	1h	227.25	−0.070%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.37	−0.017%	$474K	$550K	20x	as long as short
Binance NVDAUSDT	0.0000%	8h	227.49	+0.035%	$156.2M	$220.8M	50x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.46	+0.022%	$12.7M	$15.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.44	+0.013%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.39	−0.009%	$7.2M	$9.5M	100x	as long as short
Variational Omni NVDAshort	0.0000%	8h	227.34	−0.031%	$3.5M	$2.3M	—
GRVT NVDA_USDT_Perp	0.0000%	8h	227.35	−0.027%	$20K	$446K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.01	−0.176%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDTlong	0.0000%	8h	227.41	long leg	$202K	$523K	30x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NVDAUSDT	0.0000%	4h	227.43	+0.009%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	227.15	−0.115%	$118K	$55K	10x	as long as short
Bitget NVDAUSDT	+0.0018%	8h	227.49	+0.035%	$15.6M	$18.1M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.25	−0.072%	$522K	$409K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.44	+0.013%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.53	+0.053%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.30	−0.048%	$147.3M	$49.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.32	−0.040%	$401K	$290K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.25	−0.070%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.09	−0.141%	$1.6M	$2.1M	15x	as long as short
Nado NVDA-PERP	+0.0070%	1h	227.34	−0.032%	$484K	$227K	20x	as long as short
Phoenix NVDA	+0.0070%	1h	227.25	−0.070%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.47	+0.024%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.176%	$1.3M	$888K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.27	−0.061%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.34	−0.031%	$1.6M	$753K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.22	−0.084%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.43	+0.009%	$36K	$22K	20x	as long as short
Lighter RH NVDA	+0.0112%	1h	227.59	+0.079%	$4.9M	$7.0M	20x	as long as short
BloFin NVDA-USDT	+0.0120%	8h	227.49	+0.035%	$714K	$205K	20x	as long as short
Lighter NVDA	+0.0144%	1h	227.48	+0.031%	$2.1M	$3.2M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0146%	1h	227.38	−0.013%	$49K	$1.5M	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.61	+0.088%	$73K	$136	30x	as long as short
edgeX NVDAUSDC	+0.0268%	4h	227.36	−0.023%	$170K	$1.9M	20x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.37	−0.018%	$388K	$709K	20x	as long as short