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: OKX against Ondo Perps+0.114%7-day average +0.113% · you sell dearer than you buy

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

Long on Ondo Perps Short on OKX

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+0.025%+$2 · spread now +0.114%, 7d avg +0.113%

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 +0.113%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.052%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NVDA-USD.P	227.55	0.0050	pay 0.0006% / 1h	30m 25s	$1.6M	$2.0M	15x
Short	OKX NVDA-USDT-SWAP	227.81	0	get 0.0000% / 8h	7h 30m	$14.4M	$20.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.114%Rate

Funding earned: −$10.58
Price spread: +0.114% → +0.113%: $0.09
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$25.5
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago	0.22 bp	5.5 bp −$5	7.0 bp −$70	24.0 bp −$2,405	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	227.60	+0.023%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.81	+0.114%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAPshort	0.0000%	8h	227.81	+0.114%	$14.4M	$20.6M	50x
Gate NVDA_USDT	0.0000%	8h	227.73	+0.079%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.79	+0.105%	$3.6M	$1.9M	—	as long as short
SunX NVDA-USDT	0.0000%	8h	227.38	−0.075%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.77	+0.097%	$198K	$511K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.81	+0.114%	$2.2M	$42K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0009%	8h	227.62	+0.031%	$20K	$395K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0016%	1h	227.51	−0.017%	$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
Hotstuff NVDA-PERP	+0.0024%	1h	227.63	+0.035%	$35K	—	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.57	+0.009%	$525K	$472K	10x	as long as short
Bitget NVDAUSDT	+0.0037%	8h	227.84	+0.127%	$15.5M	$16.9M	100x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.55	0.000%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.75	+0.088%	$1.6M	$11.2M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.82	+0.119%	—	$74K	25x	as long as short
Binance NVDAUSDT	+0.0047%	8h	227.84	+0.127%	$156.5M	$217.4M	50x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.63	+0.035%	$147.8M	$46.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.71	+0.070%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.65	+0.044%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.Plong	+0.0050%	1h	227.55	long leg	$1.6M	$2.0M	15x
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.040%	$1.3M	$800K	10x	as long as short
Nado NVDA-PERP	+0.0080%	1h	227.63	+0.034%	$484K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.78	+0.103%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.65	+0.044%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.49	−0.026%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.76	+0.092%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.61	+0.026%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0126%	8h	227.70	+0.066%	$1.6M	$742K	20x	as long as short
Lighter NVDA	+0.0136%	1h	227.78	+0.102%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.91	+0.158%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0166%	8h	227.82	+0.119%	$717K	$206K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.22	+0.294%	$73K	$138	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0321%	1h	227.77	+0.097%	$49K	$1.4M	10x	as long as short
edgeX NVDAUSDC	+0.0627%	4h	227.62	+0.029%	$170K	$1.9M	20x	as long as short