Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h +0.001%

Price spread now: Variational Omni against tradeXYZ−0.006%7-day average +0.071% · you buy dearer than you sell

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

Long on tradeXYZ Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.030%−$3 on $10k

Price spread, last 7 days+0.051%+$5 · spread now −0.006%, 7d avg +0.071%

Together, before fees+0.020%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.077% cheaper against tradeXYZ than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.071%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NVDA	226.49	0.0050	pay 0.0006% / 1h	21m 09s	$147.1M	$43.4M	20x
Short	Variational Omni NVDA	226.48	0.0016	get 0.0016% / 8h	1h 21m	$3.4M	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against tradeXYZ. 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 tradeXYZbpFee Variational OmnibpOrdersPrice spread, now −0.006%Rate

Funding earned: −$7.18
Price spread: −0.006% → +0.071%: −$7.71
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$32.89
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 9 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 tradeXYZ live order book, 9 min ago	0.22 bp	9.6 bp −$10	10.6 bp −$106	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
Aster NVDAUSDT	0.0000%	8h	226.50	+0.005%	$482K	$530K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.62	+0.057%	$12.4M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.59	+0.044%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.58	+0.040%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.65	+0.071%	$15.2M	$16.0M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.54	+0.024%	$21K	$419K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.25	−0.106%	$3K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.60	+0.049%	$198K	$451K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.70	+0.093%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	226.31	−0.080%	$117K	$51K	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	+0.0016%	8h	226.48	−0.006%	$3.4M	$2.3M	—
Hotstuff NVDA-PERP	+0.0032%	1h	226.45	−0.018%	$35K	—	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.49	0.000%	$399K	$732K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.69	+0.088%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDAlong	+0.0050%	1h	226.49	long leg	$147.1M	$43.4M	20x
Polymarket Perps NVDA-USD	+0.0050%	1h	226.56	+0.031%	$391K	$285K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.49	0.000%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.41	−0.035%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.60	+0.049%	$1.3M	$9.1M	10x	as long as short
Binance NVDAUSDT	+0.0084%	8h	226.66	+0.075%	$154.5M	$218.2M	50x	as long as short
Lighter NVDA	+0.0088%	1h	226.60	+0.047%	$2.1M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.41	−0.034%	$297K	$46K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.51	+0.009%	$1.6M	$743K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.38	−0.049%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.59	+0.044%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.62	+0.056%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.32	−0.075%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.088%	$1.3M	$724K	10x	as long as short
Lighter RH NVDA	+0.0120%	1h	226.73	+0.106%	$5.1M	$7.0M	20x	as long as short
Nado NVDA-PERP	+0.0120%	1h	226.45	−0.016%	$481K	$224K	20x	as long as short
BloFin NVDA-USDT	+0.0204%	8h	226.66	+0.075%	$712K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.67	+0.079%	$73K	$138	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0236%	1h	226.56	+0.031%	$52K	$1.8M	10x	as long as short
Extended NVDA_24_5-USD	+0.0384%	1h	226.41	−0.033%	$623K	$833K	10x	as long as short
edgeX NVDAUSDC	+0.0909%	4h	226.50	+0.005%	$170K	$1.9M	20x	as long as short