Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.033%

Price spread now: Ondo Perps against SunX+0.128%7-day average +0.020% · you sell dearer than you buy

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

Long on SunX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 3 days (all we have)−0.032%−$3 · spread now +0.128%, 7d avg +0.020%

Together, before fees+0.070%+ Points / potential airdropOndo Perps: Active · farm board+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.107% dearer against SunX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NVDA-USDT	227.07	0	get 0.0000% / 8h	1h 28m	$2K	$4.0M	20x
Short	Ondo Perps NVDA-USD.P	227.36	0.0050	get 0.0006% / 1h	28m 32s	$1.6M	$2.1M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.128%Rate

Funding earned: $10.58
Price spread: +0.128% → +0.020%: $10.72
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $8.31
Costs to cover: 0.130%
Break-even: 1.5 days

Slippage unknown: SunX: live order book, 9 min ago; Ondo Perps: 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, 9 min ago	21.99 bp	38.1 bp −$38	67.6 bp −$676	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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
Hotstuff NVDA-PERP	−0.0048%	1h	227.37	+0.132%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.49	+0.185%	$474K	$578K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.53	+0.203%	$12.7M	$15.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.52	+0.198%	$14.4M	$21.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.47	+0.176%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.46	+0.170%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.46	+0.170%	$20K	$441K	10x	as long as short
SunX NVDA-USDTlong	0.0000%	8h	227.07	long leg	$2K	$4.0M	20x
HTX NVDA-USDT	0.0000%	8h	227.41	+0.150%	$202K	$521K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.54	+0.207%	$2.2M	$41K	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	+0.0009%	8h	227.58	+0.225%	$156.3M	$220.8M	50x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.39	+0.142%	$118K	$55K	10x	as long as short
Bitget NVDAUSDT	+0.0023%	8h	227.58	+0.225%	$15.6M	$17.8M	100x	as long as short
BloFin NVDA-USDT	+0.0030%	8h	227.48	+0.181%	$713K	$204K	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.32	+0.110%	$536K	$442K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.53	+0.203%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.52	+0.198%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.38	+0.137%	$147.3M	$49.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.38	+0.137%	$401K	$290K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.34	+0.119%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.Pshort	+0.0050%	1h	227.36	+0.128%	$1.6M	$2.1M	15x
Phoenix NVDA	+0.0070%	1h	227.34	+0.119%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.53	+0.201%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0088%	1h	227.37	+0.131%	$484K	$227K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.026%	$1.3M	$888K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.35	+0.123%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.49	+0.185%	$1.6M	$754K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.33	+0.115%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.49	+0.185%	$36K	$22K	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	227.66	+0.260%	$5.1M	$7.2M	20x	as long as short
Lighter NVDA	+0.0168%	1h	227.55	+0.213%	$2.1M	$3.2M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0190%	1h	227.42	+0.154%	$49K	$1.5M	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.08	+0.445%	$73K	$137	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.38	+0.137%	$400K	$723K	20x	as long as short
edgeX NVDAUSDC	+0.0521%	4h	227.48	+0.179%	$170K	$1.9M	20x	as long as short