Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against SunX−0.009%7-day average — · you buy dearer than you sell

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

Long on SunX 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NVDA-USDT	226.44	0	get 0.0000% / 8h	2h 12m	$2K	$3.7M	20x
Short	ApeX Omni NVDAUSDT	226.42	0.0100	get 0.0013% / 1h	12m 39s	$16K	$44K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now −0.009%Rate

Funding earned: $21
Price spread: −0.009% → 0.000%: −$0.88
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $2.12
Costs to cover: 0.180%
Break-even: 6.3 days

Slippage unknown: SunX: live order book, 5 min ago; 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 SunX live order book, 5 min ago	21.85 bp	38.4 bp −$38	67.8 bp −$678	doesn't fit	doesn't fit
Sell ApeX Omni no order-book sample	—	—	—	—	—

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
Hotstuff NVDA-PERP	−0.0016%	1h	226.52	+0.035%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	226.64	+0.087%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.77	+0.146%	$12.5M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.79	+0.155%	$14.3M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.71	+0.119%	$7.3M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.79	+0.155%	$15.3M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.59	+0.068%	$21K	$417K	10x	as long as short
SunX NVDA-USDTlong	0.0000%	8h	226.44	long leg	$2K	$3.7M	20x
HTX NVDA-USDT	0.0000%	8h	226.47	+0.013%	$198K	$458K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.74	+0.132%	$2.2M	$42K	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 NVDA	+0.0006%	8h	226.54	+0.043%	$3.6M	$2.1M	—	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	226.40	−0.016%	$117K	$52K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.57	+0.057%	$398K	$734K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.67	+0.102%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.76	+0.141%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.65	+0.093%	$147.2M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.63	+0.084%	$398K	$278K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.56	+0.053%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.38	−0.026%	$1.6M	$2.0M	15x	as long as short
Lighter NVDA	+0.0064%	1h	226.78	+0.148%	$2.1M	$3.4M	20x	as long as short
Binance NVDAUSDT	+0.0081%	8h	226.81	+0.162%	$154.6M	$218.7M	50x	as long as short
Nado NVDA-PERP	+0.0081%	1h	226.57	+0.058%	$482K	$227K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.60	+0.071%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.65	+0.093%	$1.6M	$742K	20x	as long as short
ApeX Omni NVDAUSDTshort	+0.0100%	1h	226.42	−0.009%	$16K	$44K	50x
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.67	+0.102%	$36K	$21K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0103%	1h	226.64	+0.088%	$53K	$1.8M	10x	as long as short
Lighter RH NVDA	+0.0104%	1h	226.90	+0.203%	$5.1M	$7.1M	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.70	+0.114%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.58	+0.062%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.29	−0.066%	$1.3M	$789K	10x	as long as short
BloFin NVDA-USDT	+0.0200%	8h	226.74	+0.132%	$713K	$193K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.88	+0.194%	$73K	$139	30x	as long as short
Extended NVDA_24_5-USD	+0.0360%	1h	226.56	+0.051%	$668K	$766K	10x	as long as short
edgeX NVDAUSDC	+0.0830%	4h	226.55	+0.048%	$170K	$1.9M	20x	as long as short