Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Orderly−0.106%70s7-day average — · you buy dearer than you sell

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

Long on Orderly Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.106% cheaper against Orderly than usual: you would sell low and buy high, −$11 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NVDA_USDC	226.25	0.0100	pay 0.0100% / 8h	21m 45s	$36K	$21K	20x
Short	ApeX Omni NVDAUSDT	226.01	0.0100	get 0.0013% / 1h	21m 45s	$16K	$44K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Orderly. 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 OrderlybpFee ApeX OmnibpOrdersPrice spread, now −0.106%Rate

Funding earned: $0
Price spread: −0.106% → 0.000%: −$10.61
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$26.61
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; ApeX Omni: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—
Sell ApeX Omni no order-book sample	—	—	—	—	—

Orderly and ApeX Omni: 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
Bybit NVDAUSDT	0.0000%	8h	226.31	+0.027%	$12.4M	$14.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.32	+0.031%	$14.1M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.32	+0.031%	$7.2M	$10.0M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.41	+0.071%	$15.9M	$16.7M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.88	−0.164%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.40	+0.066%	$198K	$444K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.61	+0.159%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0017%	1h	226.06	−0.082%	$117K	$50K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0031%	8h	226.23	−0.009%	$22K	$423K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.15	−0.044%	$392K	$740K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NVDA-USD-PERP	+0.0046%	1h	226.32	+0.031%	—	$74K	25x	as long as short
Aster NVDAUSDT	+0.0046%	8h	226.33	+0.033%	$482K	$530K	20x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.12	−0.057%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.01	−0.106%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0064%	1h	226.29	+0.018%	$1.3M	$9.1M	10x	as long as short
Variational Omni NVDA	+0.0069%	8h	226.13	−0.052%	$3.5M	$2.2M	—	as long as short
tradeXYZ xyz:NVDA	+0.0083%	1h	226.22	−0.013%	$147.0M	$43.2M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0086%	1h	226.24	−0.004%	$391K	$247K	10x	as long as short
Hotstuff NVDA-PERP	+0.0088%	1h	226.08	−0.075%	$35K	—	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.10	−0.066%	$297K	$49K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.27	+0.009%	$1.6M	$779K	20x	as long as short
ApeX Omni NVDAUSDTshort	+0.0100%	1h	226.01	−0.106%	$16K	$44K	50x
Orderly PERP_NVDA_USDClong	+0.0100%	8h	226.25	long leg	$36K	$21K	20x
Aevo NVDA-PERP	+0.0112%	1h	226.30	+0.020%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	226.09	−0.071%	$1.3M	$697K	10x	as long as short
Binance NVDAUSDT	+0.0131%	8h	226.37	+0.053%	$155.3M	$219.8M	50x	as long as short
Lighter NVDA	+0.0152%	1h	226.26	+0.003%	$2.1M	$3.3M	20x	as long as short
Nado NVDA-PERP	+0.0169%	1h	226.06	−0.085%	$480K	$223K	20x	as long as short
Phoenix NVDA	+0.0177%	1h	226.04	−0.093%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.65	+0.177%	$73K	$138	30x	as long as short
Lighter RH NVDA	+0.0232%	1h	226.41	+0.071%	$5.1M	$6.9M	20x	as long as short
BloFin NVDA-USDT	+0.0250%	8h	226.24	−0.004%	$713K	$195K	20x	as long as short
Extended NVDA_24_5-USD	+0.0320%	1h	226.12	−0.060%	$644K	$875K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0325%	1h	226.22	−0.013%	$53K	$1.9M	10x	as long as short
edgeX NVDAUSDC	+0.0944%	4h	226.14	−0.047%	$170K	$1.9M	20x	as long as short