Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h −0.015%

Price spread now: GRVT against Ondo Perps+0.094%7-day average +0.094% · you sell dearer than you buy

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

Long on Ondo Perps Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 3 days (all we have)−0.025%−$2 · spread now +0.094%, 7d avg +0.094%

Together, before fees−0.105%+ Points / potential airdropOndo Perps: Active · GRVT: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.094%, so right now this pair is about funding alone: −$1 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	227.45	0.0050	pay 0.0006% / 1h	36m 42s	$1.6M	$2.0M	15x
Short	GRVT NVDA_USDT_Perp	227.66	0.0021	get 0.0021% / 8h	7h 36m	$21K	$397K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.094%Rate

Funding earned: −$6.17
Price spread: +0.094% → +0.094%: $0.06
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$20.12
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; GRVT: live order book, 36 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 GRVT live order book, 36 min ago	1.54 bp	6.1 bp −$6	10.8 bp −$108	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
Aster NVDAUSDT	0.0000%	8h	227.59	+0.063%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.68	+0.101%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.68	+0.101%	$14.4M	$20.7M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.63	+0.079%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.67	+0.097%	$3.6M	$1.9M	—	as long as short
SunX NVDA-USDT	0.0000%	8h	227.27	−0.079%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.77	+0.141%	$198K	$514K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.67	+0.097%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0017%	1h	227.56	+0.046%	$118K	$56K	10x	as long as short
GRVT NVDA_USDT_Perpshort	+0.0021%	8h	227.66	+0.094%	$21K	$397K	10x

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	227.50	+0.024%	$536K	$446K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.48	+0.013%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.64	+0.084%	$1.6M	$11.3M	10x	as long as short
Bitget NVDAUSDT	+0.0043%	8h	227.73	+0.123%	$15.5M	$17.0M	100x	as long as short
Binance NVDAUSDT	+0.0044%	8h	227.74	+0.128%	$156.5M	$217.2M	50x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.74	+0.128%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.55	+0.044%	$147.9M	$46.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.64	+0.084%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.49	+0.018%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.Plong	+0.0050%	1h	227.45	long leg	$1.6M	$2.0M	15x
Nado NVDA-PERP	+0.0076%	1h	227.56	+0.047%	$484K	$229K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	+0.004%	$1.3M	$800K	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.67	+0.095%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.52	+0.032%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.47	+0.009%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.66	+0.092%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.62	+0.075%	$49K	$1.4M	10x	as long as short
Phoenix NVDA	+0.0106%	1h	227.53	+0.035%	$94K	$112K	20x	as long as short
Hotstuff NVDA-PERP	+0.0120%	1h	227.53	+0.035%	$35K	—	20x	as long as short
KuCoin NVDAUSDTM	+0.0123%	8h	227.70	+0.110%	$1.6M	$741K	20x	as long as short
Lighter NVDA	+0.0136%	1h	227.74	+0.126%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.86	+0.180%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0164%	8h	227.64	+0.084%	$717K	$206K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.38	+0.409%	$73K	$136	30x	as long as short
edgeX NVDAUSDC	+0.0415%	4h	227.60	+0.067%	$170K	$1.9M	20x	as long as short