Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0015%/8h= −1.6% APRpaid last 24h −0.002%

Price spread now: Aftermath Perps against Variational Omni−0.053%7-day average −0.043% · you buy dearer than you sell

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

Long on Variational Omni Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.115%−$11 on $10k

Price spread, last 4 days (all we have)−0.137%−$14 · spread now −0.053%, 7d avg −0.043%

Together, before fees−0.252%+ Points / potential airdropVariational Omni: Active · farm board−$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.043%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NVDA	227.66	0.0026	pay 0.0026% / 8h	5h 41m	$3.5M	$2.0M	—
Short	Aftermath Perps NVDAUSD	227.53	0.0012	get 0.0001% / 1h	41m 22s	$118K	$54K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Variational Omni. 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 Variational OmnibpFee Aftermath PerpsbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$3.05
Price spread: −0.053% → −0.043%: −$1.05
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$13.09
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Aftermath Perps: live order book, 23 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 Variational Omni RFQ quote, 3 min ago	2.79 bp	doesn't fit	6.0 bp −$60	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 23 min ago	3.28 bp	9.8 bp −$10	doesn't fit	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	227.69	+0.015%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.70	+0.020%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.64	−0.007%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.77	+0.050%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.71	+0.025%	$20K	$384K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.24	−0.182%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	+0.046%	$198K	$480K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.76	+0.046%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0002%	8h	227.71	+0.025%	$484K	$590K	20x	as long as short
Aftermath Perps NVDAUSDshort	+0.0012%	1h	227.53	−0.053%	$118K	$54K	10x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDAlong	+0.0026%	8h	227.66	long leg	$3.5M	$2.0M	—
Arcus NVDA-USD	+0.0040%	1h	227.71	+0.024%	$406K	$711K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.67	+0.007%	$1.4M	$9.7M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.78	+0.055%	—	$74K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	227.54	−0.051%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.56	−0.042%	$148.1M	$44.2M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.64	−0.007%	$402K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.55	−0.046%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.48	−0.077%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.086%	$1.3M	$776K	10x	as long as short
Binance NVDAUSDT	+0.0087%	8h	227.74	+0.036%	$156.3M	$215.4M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.56	−0.044%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.54	−0.051%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.68	+0.011%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.69	+0.014%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.61	−0.020%	$94K	$112K	20x	as long as short
Nado NVDA-PERP	+0.0112%	1h	227.58	−0.034%	$484K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0128%	8h	227.72	+0.028%	$1.6M	$724K	20x	as long as short
Lighter NVDA	+0.0160%	1h	227.70	+0.019%	$2.2M	$3.2M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0189%	1h	227.64	−0.007%	$49K	$1.6M	10x	as long as short
Lighter RH NVDA	+0.0192%	1h	227.84	+0.081%	$5.1M	$7.0M	20x	as long as short
BloFin NVDA-USDT	+0.0206%	8h	227.74	+0.037%	$722K	$202K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.96	+0.134%	$73K	$136	30x	as long as short
Extended NVDA_24_5-USD	+0.0256%	1h	227.50	−0.070%	$689K	$714K	10x	as long as short
edgeX NVDAUSDC	+0.0445%	4h	227.67	+0.005%	$170K	$1.9M	20x	as long as short