Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.011%

Price spread now: Variational Omni against Pacifica+0.105%7-day average +0.042% · you sell dearer than you buy

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

Long on Pacifica Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.056%−$6 on $10k

Price spread, last 4 days (all we have)−0.116%−$12 · spread now +0.105%, 7d avg +0.042%

Together, before fees−0.172%+ Points / potential airdropPacifica: Active · Variational Omni: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.063% dearer against Pacifica than usual: you sell high and buy low (spread +0.105% now, against its 7-day average of +0.042%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NVDA	226.72	0.0100	pay 0.0013% / 1h	11m 38s	$298K	$50K	10x
Short	Variational Omni NVDA	226.96	0.0028	get 0.0028% / 8h	3h 11m	$3.6M	$2.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Pacifica. 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 PacificabpFee Variational OmnibpOrdersPrice spread, now +0.105%Rate

Funding earned: −$15.09
Price spread: +0.105% → +0.042%: $6.32
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$16.77
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 42 min ago; Variational Omni: RFQ quote, 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 Pacifica live order book, 42 min ago	1.98 bp	10.8 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.80 bp	doesn't fit	6.9 bp −$69	doesn't fit	doesn't fit

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	226.77	+0.024%	$12.5M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.77	+0.024%	$14.3M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.76	+0.019%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.86	+0.063%	$15.4M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.03	+0.140%	$21K	$402K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.45	−0.118%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.87	+0.068%	$198K	$466K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.18	+0.204%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0003%	8h	226.81	+0.042%	$482K	$569K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	226.80	+0.038%	$117K	$53K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDAshort	+0.0028%	8h	226.96	+0.105%	$3.6M	$2.2M	—
Lighter NVDA	+0.0032%	1h	226.76	+0.020%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.81	+0.041%	$398K	$734K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	226.85	+0.059%	$1.3M	$9.1M	10x	as long as short
edgeX NVDAUSDC	+0.0043%	4h	227.00	+0.123%	$170K	$1.9M	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.95	+0.103%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.66	−0.025%	$147.3M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.78	+0.028%	$400K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.69	−0.012%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.75	+0.015%	$1.6M	$2.0M	15x	as long as short
Hotstuff NVDA-PERP	+0.0056%	1h	226.65	−0.029%	$35K	—	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0059%	1h	226.74	+0.010%	$49K	$1.7M	10x	as long as short
Nado NVDA-PERP	+0.0060%	1h	226.68	−0.014%	$482K	$227K	20x	as long as short
Binance NVDAUSDT	+0.0090%	8h	226.80	+0.036%	$155.3M	$216.6M	50x	as long as short
Pacifica NVDAlong	+0.0100%	1h	226.72	long leg	$298K	$50K	10x
KuCoin NVDAUSDTM	+0.0100%	8h	226.83	+0.050%	$1.6M	$731K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.86	+0.063%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.70	−0.007%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.83	+0.049%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.66	−0.025%	$1.3M	$781K	10x	as long as short
Lighter RH NVDA	+0.0136%	1h	226.93	+0.094%	$5.1M	$7.1M	20x	as long as short
Phoenix NVDA	+0.0141%	1h	226.88	+0.072%	$93K	$112K	20x	as long as short
BloFin NVDA-USDT	+0.0211%	8h	226.90	+0.081%	$720K	$201K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.32	+0.266%	$73K	$139	30x	as long as short
Extended NVDA_24_5-USD	+0.0232%	1h	226.68	−0.016%	$672K	$765K	10x	as long as short