Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0013%/8h= +1.5% APRpaid last 24h +0.030%

Price spread now: Deribit against Variational Omni−0.017%7-day average −0.021% · you buy dearer than you sell

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

Long on Variational Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.133%+$13 on $10k

Price spread, last 3 days (all we have)−0.062%−$6 · spread now −0.017%, 7d avg −0.021%

Together, before fees+0.071%+ Points / potential airdropVariational Omni: Active · farm board+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.021%, 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	227.87	0	get 0.0000% / 8h	7h 11m	$3.5M	$1.9M	—
Short	Deribit NVDA_USDC-PERPETUAL	227.83	0.0013	get 0.0002% / 1h	11m 54s	$49K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.017%Rate

Funding earned: $2.82
Price spread: −0.017% → −0.021%: $0.34
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$3.84
Costs to cover: 0.070%
Break-even: 16.5 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Deribit: live order book, 2 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, 2 min ago	2.79 bp	doesn't fit	5.4 bp −$54	doesn't fit	doesn't fit
Sell Deribit live order book, 2 min ago	3.29 bp	7.2 bp −$7	7.5 bp −$75	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	227.72	−0.065%	$483K	$581K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.90	+0.013%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.87	0.000%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.80	−0.031%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDAlong	0.0000%	8h	227.87	long leg	$3.5M	$1.9M	—
SunX NVDA-USDT	0.0000%	8h	227.46	−0.180%	$3K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.96	+0.040%	$198K	$509K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.93	+0.026%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.70	−0.074%	$118K	$55K	10x	as long as short
Deribit NVDA_USDC-PERPETUALshort	+0.0013%	1h	227.83	−0.017%	$49K	$1.5M	10x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	227.69	−0.077%	$524K	$471K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.74	−0.057%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.84	−0.013%	$1.6M	$11.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.98	+0.048%	—	$74K	25x	as long as short
Bitget NVDAUSDT	+0.0048%	8h	227.90	+0.013%	$15.5M	$16.9M	100x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.73	−0.061%	$147.9M	$46.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.84	−0.013%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.73	−0.061%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.69	−0.079%	$1.5M	$2.1M	15x	as long as short
Binance NVDAUSDT	+0.0073%	8h	227.87	0.000%	$156.5M	$217.3M	50x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.180%	$1.3M	$800K	10x	as long as short
Nado NVDA-PERP	+0.0088%	1h	227.80	−0.032%	$484K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.87	+0.001%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.76	−0.050%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.71	−0.070%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.86	−0.004%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.76	−0.048%	$94K	$112K	20x	as long as short
Hotstuff NVDA-PERP	+0.0136%	1h	227.75	−0.053%	$35K	—	20x	as long as short
KuCoin NVDAUSDTM	+0.0141%	8h	227.91	+0.018%	$1.6M	$735K	20x	as long as short
Lighter NVDA	+0.0152%	1h	227.92	+0.023%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	228.03	+0.070%	$5.1M	$7.1M	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0153%	8h	227.91	+0.018%	$20K	$393K	10x	as long as short
BloFin NVDA-USDT	+0.0192%	8h	227.96	+0.040%	$717K	$206K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.36	+0.215%	$73K	$139	30x	as long as short
edgeX NVDAUSDC	+0.0997%	4h	227.90	+0.015%	$170K	$1.9M	20x	as long as short