Funding you earn now, next payment 02:00 UTC+0.0227%/8h= +24.8% APRnext payment +$0.28 per $10,000 · paid last 24h +0.035%
Price spread now: Deribit against Ondo Perps+0.048%7-day average +0.066% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)+0.103%+$10 on $10k
+Price spread, last 3 days (all we have)−0.027%−$3 · spread now +0.048%, 7d avg +0.066%
=Together, before fees+0.076%+ Points / potential airdropOndo Perps: Active · farm board+$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.066%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.103% in total (about 7.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps NVDA-USD.P | 227.73 | 0.0050 | pay 0.0006% / 1h | 21m 39s | $1.6M | $2.0M | 15x |
| Short | Deribit NVDA_USDC-PERPETUAL | 227.84 | 0.0277 | get 0.0035% / 1h | 21m 39s | $49K | $1.5M | 10x |
Ondo Perps NVDA-USD.P
Deribit NVDA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $47.58
- Price spread: +0.048% → +0.066%
- −$1.74
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $33.84
- Costs to cover
- 0.120%
- Break-even
- 2.0 days
Slippage unknown: Ondo Perps: no order-book sample; Deribit: live order book, 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 2 min ago | 3.29 bp | 7.2 bp −$7 | 8.5 bp −$85 | doesn't fit | 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 34 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 | −0.0056% | 1h | 227.72 | −0.004% | $35K | — | 20x | as long as short |
| Bybit NVDAUSDT | 0.0000% | 8h | 227.87 | +0.061% | $12.7M | $15.1M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 227.86 | +0.057% | $14.4M | $20.3M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 227.82 | +0.040% | $7.2M | $9.6M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 227.92 | +0.083% | $15.4M | $16.3M | 100x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 227.40 | −0.145% | $2K | $3.8M | 20x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 227.96 | +0.101% | $198K | $496K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 227.94 | +0.092% | $2.2M | $43K | 10x | as long as short |
| Aster NVDAUSDT | +0.0001% | 8h | 227.79 | +0.026% | $484K | $581K | 20x | as long as short |
| Aftermath Perps NVDAUSD | +0.0011% | 1h | 227.73 | +0.002% | $118K | $54K | 10x | as long as short |
Hotstuff NVDA-PERP
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
SunX NVDA-USDT
HTX NVDA-USDT
Phemex NVDAUSDT
Aster NVDAUSDT
Aftermath Perps NVDAUSDShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni NVDA | +0.0018% | 8h | 227.89 | +0.069% | $3.5M | $2.0M | — | as long as short |
| GRVT NVDA_USDT_Perp | +0.0023% | 8h | 227.84 | +0.047% | $20K | $386K | 10x | as long as short |
| Arcus NVDA-USD | +0.0040% | 1h | 227.71 | −0.009% | $400K | $723K | 20x | as long as short |
| QFEX NVDA-USD | +0.0045% | 1h | 227.90 | +0.075% | $1.4M | $10.0M | 10x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 228.00 | +0.119% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 227.73 | 0.000% | $148.2M | $44.6M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 227.87 | +0.061% | $402K | $277K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 227.75 | +0.009% | $58K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.Plong | +0.0050% | 1h | 227.73 | long leg | $1.6M | $2.0M | 15x | |
| Coinbase International NVDA-PERP-INTX | +0.0072% | 1h | 227.46 | −0.119% | $1.3M | $786K | 10x | as long as short |
| Nado NVDA-PERP | +0.0083% | 1h | 227.76 | +0.012% | $484K | $230K | 20x | as long as short |
| Binance NVDAUSDT | +0.0086% | 8h | 227.88 | +0.066% | $156.4M | $216.0M | 50x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 227.70 | −0.011% | $299K | $60K | 10x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 227.67 | −0.026% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDC | +0.0100% | 8h | 227.88 | +0.066% | $36K | $22K | 20x | as long as short |
| Aevo NVDA-PERP | +0.0104% | 1h | 227.89 | +0.069% | — | — | 10x | as long as short |
| Phoenix NVDA | +0.0105% | 1h | 227.77 | +0.018% | $94K | $112K | 20x | as long as short |
| Lighter NVDA | +0.0128% | 1h | 227.87 | +0.061% | $2.2M | $3.2M | 20x | as long as short |
| KuCoin NVDAUSDTM | +0.0132% | 8h | 227.93 | +0.088% | $1.6M | $737K | 20x | as long as short |
| Lighter RH NVDA | +0.0144% | 1h | 227.99 | +0.114% | $5.1M | $7.0M | 20x | as long as short |
| Extended NVDA_24_5-USD | +0.0160% | 1h | 227.68 | −0.022% | $689K | $714K | 10x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 228.09 | +0.158% | $73K | $138 | 30x | as long as short |
| Deribit NVDA_USDC-PERPETUALshort | +0.0277% | 1h | 227.84 | +0.048% | $49K | $1.5M | 10x | |
| edgeX NVDAUSDC | +0.0318% | 4h | 227.81 | +0.036% | $170K | $1.9M | 20x | as long as short |
Variational Omni NVDA
GRVT NVDA_USDT_Perp
Arcus NVDA-USD
QFEX NVDA-USD
Vest NVDA-USD-PERP
tradeXYZ xyz:NVDA
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Coinbase International NVDA-PERP-INTX
Nado NVDA-PERP
Binance NVDAUSDT
Pacifica NVDA
ApeX Omni NVDAUSDT
Orderly PERP_NVDA_USDC
Aevo NVDA-PERP
Phoenix NVDA
Lighter NVDA
KuCoin NVDAUSDTM
Lighter RH NVDA
Extended NVDA_24_5-USD
Injective NVDA/USDC PERP
edgeX NVDAUSDC