Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.011%

Price spread now: Polymarket Perps against Ondo Perps−0.004%7-day average +0.039% · you buy dearer than you sell

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

Long on Ondo Perps Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 7 days+0.035%+$4 · spread now −0.004%, 7d avg +0.039%

Together, before fees+0.043%+ Points / potential airdropOndo Perps: Active · farm board+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.043% cheaper against Ondo Perps than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NVDA-USD.P	227.37	0.0050	pay 0.0006% / 1h	25m 24s	$1.6M	$2.1M	15x
Short	Polymarket Perps NVDA-USD	227.36	0.0050	get 0.0006% / 1h	25m 24s	$401K	$290K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$0.08
Price spread: −0.004% → +0.039%: −$4.33
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$17.41
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Polymarket Perps: live order book, 57 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 Polymarket Perps live order book, 57 min ago	1.32 bp	5.3 bp −$5	7.3 bp −$73	19.8 bp −$1,980	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	227.49	+0.053%	$474K	$578K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.48	+0.048%	$12.7M	$15.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.45	+0.035%	$14.4M	$21.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.42	+0.022%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.46	+0.038%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.52	+0.067%	$20K	$435K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.05	−0.141%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.52	+0.066%	$202K	$529K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.50	+0.057%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.46	+0.038%	$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
Binance NVDAUSDT	+0.0013%	8h	227.49	+0.054%	$156.3M	$220.8M	50x	as long as short
Hotstuff NVDA-PERP	+0.0024%	1h	227.31	−0.026%	$35K	—	20x	as long as short
Bitget NVDAUSDT	+0.0024%	8h	227.51	+0.062%	$15.6M	$17.8M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.30	−0.031%	$536K	$445K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.44	+0.031%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.53	+0.070%	—	$73K	25x	as long as short
BloFin NVDA-USDT	+0.0047%	8h	227.49	+0.053%	$713K	$205K	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.34	−0.013%	$147.3M	$49.7M	20x	as long as short
Polymarket Perps NVDA-USDshort	+0.0050%	1h	227.36	−0.004%	$401K	$290K	10x
SoDEX NVDA-USD	+0.0050%	1h	227.33	−0.018%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.Plong	+0.0050%	1h	227.37	long leg	$1.6M	$2.1M	15x
Phoenix NVDA	+0.0070%	1h	227.34	−0.013%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.48	+0.049%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0091%	1h	227.34	−0.013%	$484K	$227K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.158%	$1.3M	$888K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.32	−0.022%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.52	+0.066%	$1.6M	$754K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.33	−0.018%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.46	+0.040%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.39	+0.009%	$49K	$1.5M	10x	as long as short
Lighter RH NVDA	+0.0152%	1h	227.63	+0.114%	$5.1M	$7.2M	20x	as long as short
Lighter NVDA	+0.0176%	1h	227.53	+0.068%	$2.1M	$3.3M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.08	+0.312%	$73K	$137	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.33	−0.018%	$400K	$723K	20x	as long as short
edgeX NVDAUSDC	+0.0745%	4h	227.50	+0.059%	$170K	$1.9M	20x	as long as short