Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.002%

Price spread now: Ondo Perps against OKX−0.088%7-day average −0.113% · you buy dearer than you sell

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

Long on OKX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 7 days−0.051%−$5 · spread now −0.088%, 7d avg −0.113%

Together, before fees−0.103%+ Points / potential airdropOndo Perps: Active · farm board−$10 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 0.026% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.113%. Mind the row above: over the last 7 days funding on this pair cost −0.052%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NVDA-USDT-SWAP	227.59	0	get 0.0000% / 8h	7h 33m	$14.4M	$20.6M	50x
Short	Ondo Perps NVDA-USD.P	227.39	0.0050	get 0.0006% / 1h	33m 07s	$1.6M	$2.0M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against OKX. 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 OKXbpFee Ondo PerpsbpOrdersPrice spread, now −0.088%Rate

Funding earned: $10.58
Price spread: −0.088% → −0.113%: $2.55
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$1.86
Costs to cover: 0.150%
Break-even: 8.2 days

Slippage unknown: OKX: live order book, just now; 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 OKX live order book, just now	0.22 bp	5.8 bp −$6	8.1 bp −$81	22.3 bp −$2,225	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	227.60	+0.003%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.59	0.000%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAPlong	0.0000%	8h	227.59	long leg	$14.4M	$20.6M	50x
Gate NVDA_USDT	0.0000%	8h	227.55	−0.018%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.70	+0.048%	$3.6M	$1.9M	—	as long as short
SunX NVDA-USDT	0.0000%	8h	227.15	−0.193%	$3K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.77	+0.079%	$198K	$511K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.67	+0.035%	$2.2M	$42K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0009%	8h	227.62	+0.013%	$20K	$395K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0017%	1h	227.49	−0.046%	$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	227.48	−0.048%	$532K	$465K	10x	as long as short
Bitget NVDAUSDT	+0.0038%	8h	227.65	+0.026%	$15.5M	$16.9M	100x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.47	−0.053%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.57	−0.009%	$1.6M	$11.2M	10x	as long as short
Binance NVDAUSDT	+0.0045%	8h	227.64	+0.021%	$156.4M	$217.3M	50x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.70	+0.048%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.46	−0.057%	$147.7M	$46.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.56	−0.013%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.44	−0.066%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.Pshort	+0.0050%	1h	227.39	−0.088%	$1.6M	$2.0M	15x
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.57	−0.009%	$49K	$1.4M	10x	as long as short
Nado NVDA-PERP	+0.0076%	1h	227.48	−0.049%	$484K	$229K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.057%	$1.3M	$800K	10x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.58	−0.005%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.45	−0.060%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.54	−0.022%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.59	0.000%	$36K	$22K	20x	as long as short
Hotstuff NVDA-PERP	+0.0104%	1h	227.44	−0.066%	$35K	—	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.53	−0.026%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0123%	8h	227.67	+0.035%	$1.6M	$742K	20x	as long as short
Lighter NVDA	+0.0128%	1h	227.63	+0.016%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.75	+0.070%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0165%	8h	227.67	+0.035%	$717K	$206K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.22	+0.277%	$73K	$138	30x	as long as short
edgeX NVDAUSDC	+0.0627%	4h	227.62	+0.012%	$170K	$1.9M	20x	as long as short