Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0154%/8h= +16.8% APRpaid last 24h +0.100%

Price spread now: edgeX against Ondo Perps+0.121%7-day average +0.073% · you sell dearer than you buy

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

Long on Ondo Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.843%+$84 on $10k

Price spread, last 7 days−0.109%−$11 · spread now +0.121%, 7d avg +0.073%

Together, before fees+0.734%+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm board+$73 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and edgeX is 0.048% dearer against Ondo Perps than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NVDA-USD.P	226.37	0.0050	pay 0.0006% / 1h	4m 45s	$1.6M	$1.9M	15x
Short	edgeX NVDAUSDC	226.64	0.0204	get 0.0102% / 4h	1h 04m	$170K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.121%Rate

Funding earned: $32.31
Price spread: +0.121% → +0.073%: $4.83
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $23.15
Costs to cover: 0.140%
Break-even: 2.0 days

Slippage unknown: Ondo Perps: no order-book sample; edgeX: 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 edgeX live order book, 4 min ago	3.31 bp	8.3 bp −$8	13.0 bp −$130	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 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	−0.0072%	1h	226.43	+0.027%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.43	+0.027%	$12.4M	$14.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.45	+0.035%	$14.1M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.43	+0.027%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.53	+0.071%	$15.6M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.68	+0.138%	$21K	$420K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.00	−0.163%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.80	+0.190%	$198K	$449K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.64	+0.119%	$2.2M	$42K	10x	as long as short
Aster NVDAUSDT	+0.0012%	8h	226.41	+0.018%	$482K	$530K	20x	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	+0.0016%	1h	226.44	+0.030%	$117K	$51K	10x	as long as short
Variational Omni NVDA	+0.0031%	8h	226.57	+0.086%	$3.5M	$2.3M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.56	+0.084%	$399K	$732K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.55	+0.080%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.30	−0.031%	$147.0M	$43.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.42	+0.022%	$391K	$247K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.33	−0.018%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.Plong	+0.0050%	1h	226.37	long leg	$1.6M	$1.9M	15x
QFEX NVDA-USD	+0.0056%	1h	226.52	+0.066%	$1.3M	$9.1M	10x	as long as short
Binance NVDAUSDT	+0.0098%	8h	226.46	+0.040%	$154.4M	$218.4M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.36	−0.004%	$297K	$46K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.50	+0.057%	$1.6M	$743K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.43	+0.027%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.46	+0.040%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.49	+0.054%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.44	+0.031%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.035%	$1.3M	$723K	10x	as long as short
Lighter NVDA	+0.0120%	1h	226.41	+0.016%	$2.1M	$3.3M	20x	as long as short
Nado NVDA-PERP	+0.0135%	1h	226.36	−0.002%	$481K	$224K	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	226.56	+0.084%	$5.1M	$7.0M	20x	as long as short
edgeX NVDAUSDCshort	+0.0204%	4h	226.64	+0.121%	$170K	$1.9M	20x
BloFin NVDA-USDT	+0.0218%	8h	226.48	+0.049%	$712K	$195K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.94	+0.252%	$73K	$140	30x	as long as short
Extended NVDA_24_5-USD	+0.0392%	1h	226.18	−0.084%	$647K	$872K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0457%	1h	226.39	+0.009%	$53K	$1.8M	10x	as long as short