Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.013%

Price spread now: Bybit against Ondo Perps+0.097%7-day average +0.104% · you sell dearer than you buy

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

Long on Ondo Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 7 days−0.069%−$7 · spread now +0.097%, 7d avg +0.104%

Together, before fees−0.121%+ Points / potential airdropOndo Perps: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.104%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NVDA-USD.P	226.05	0.0050	pay 0.0006% / 1h	34m 14s	$1.6M	$2.0M	15x
Short	Bybit NVDAUSDT	226.27	0	get 0.0000% / 8h	1h 34m	$12.4M	$15.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Ondo Perps. 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 Ondo PerpsbpFee BybitbpOrdersPrice spread, now +0.097%Rate

Funding earned: −$10.58
Price spread: +0.097% → +0.104%: −$0.63
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$27.21
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Bybit: live order book, 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	0.22 bp	6.5 bp −$6	9.0 bp −$90	52.7 bp −$5,268	doesn't fit

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
Bybit NVDAUSDTshort	0.0000%	8h	226.27	+0.097%	$12.4M	$15.0M	100x
OKX NVDA-USDT-SWAP	0.0000%	8h	226.26	+0.093%	$14.1M	$20.7M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.21	+0.071%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.28	+0.102%	$15.2M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.40	+0.155%	$22K	$422K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.91	−0.062%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.46	+0.181%	$198K	$452K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.69	+0.283%	$2.2M	$42K	10x	as long as short
Aster NVDAUSDT	+0.0001%	8h	226.35	+0.132%	$482K	$571K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0015%	1h	226.19	+0.062%	$53K	$1.8M	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0017%	1h	226.19	+0.062%	$117K	$52K	10x	as long as short
Variational Omni NVDA	+0.0018%	8h	226.38	+0.144%	$3.5M	$2.2M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.27	+0.097%	$398K	$735K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.39	+0.150%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.12	+0.031%	$146.9M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.22	+0.075%	$395K	$281K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.13	+0.035%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.Plong	+0.0050%	1h	226.05	long leg	$1.6M	$2.0M	15x
QFEX NVDA-USD	+0.0056%	1h	226.29	+0.106%	$1.3M	$9.1M	10x	as long as short
Hotstuff NVDA-PERP	+0.0064%	1h	226.13	+0.035%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0088%	8h	226.30	+0.109%	$154.3M	$219.4M	50x	as long as short
Lighter NVDA	+0.0088%	1h	226.27	+0.096%	$2.1M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.16	+0.051%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.32	+0.119%	$1.6M	$751K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.25	+0.088%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.25	+0.088%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.26	+0.091%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.19	+0.062%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	+0.106%	$1.3M	$789K	10x	as long as short
Lighter RH NVDA	+0.0128%	1h	226.39	+0.150%	$5.0M	$6.9M	20x	as long as short
Nado NVDA-PERP	+0.0138%	1h	226.16	+0.050%	$480K	$226K	20x	as long as short
BloFin NVDA-USDT	+0.0208%	8h	226.44	+0.173%	$715K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.01	+0.425%	$73K	$137	30x	as long as short
Extended NVDA_24_5-USD	+0.0456%	1h	226.13	+0.038%	$667K	$762K	10x	as long as short
edgeX NVDAUSDC	+0.0491%	4h	226.35	+0.131%	$170K	$1.9M	20x	as long as short