Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h −0.027%

Price spread now: Hotstuff against Variational Omni−0.050%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Hotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.050% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.050% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 2.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NVDA	227.24	0	get 0.0000% / 8h	1h 43m	$3.5M	$2.3M	—
Short	Hotstuff NVDA-PERP	227.13	0.0072	get 0.0009% / 1h	43m 36s	$35K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now −0.050%Rate

Funding earned: $15.12
Price spread: −0.050% → 0.000%: −$4.99
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $5.13
Costs to cover: 0.050%
Break-even: 4.6 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Hotstuff: 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 Variational Omni RFQ quote, 1 min ago	2.79 bp	doesn't fit	5.1 bp −$51	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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
Aster NVDAUSDT	0.0000%	8h	227.22	−0.009%	$474K	$550K	20x	as long as short
Binance NVDAUSDT	0.0000%	8h	227.29	+0.021%	$156.2M	$220.4M	50x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.26	+0.007%	$12.7M	$15.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.24	−0.002%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.22	−0.010%	$7.2M	$9.5M	100x	as long as short
Variational Omni NVDAlong	0.0000%	8h	227.24	long leg	$3.5M	$2.3M	—
GRVT NVDA_USDT_Perp	0.0000%	8h	227.27	+0.012%	$20K	$452K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.85	−0.173%	$2K	$4.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.19	−0.024%	$49K	$1.5M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.31	+0.029%	$202K	$523K	30x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NVDAUSDT	0.0000%	4h	227.25	+0.003%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.15	−0.039%	$118K	$55K	10x	as long as short
Bitget NVDAUSDT	+0.0020%	8h	227.27	+0.012%	$15.6M	$18.2M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.15	−0.043%	$522K	$409K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.24	−0.002%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.33	+0.038%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.13	−0.050%	$147.1M	$50.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.18	−0.028%	$390K	$281K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.11	−0.059%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.06	−0.081%	$1.6M	$2.1M	15x	as long as short
Nado NVDA-PERP	+0.0059%	1h	227.16	−0.037%	$483K	$227K	20x	as long as short
Phoenix NVDA	+0.0070%	1h	227.12	−0.054%	$93K	$112K	20x	as long as short
Hotstuff NVDA-PERPshort	+0.0072%	1h	227.13	−0.050%	$35K	—	20x
Aevo NVDA-PERP	+0.0080%	1h	227.26	+0.008%	—	—	10x	as long as short
Lighter RH NVDA	+0.0096%	1h	227.41	+0.073%	$4.9M	$7.0M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.103%	$1.3M	$911K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.14	−0.047%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.25	+0.003%	$1.6M	$754K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.18	−0.028%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.22	−0.010%	$36K	$22K	20x	as long as short
Lighter NVDA	+0.0120%	1h	227.30	+0.024%	$2.1M	$3.2M	20x	as long as short
BloFin NVDA-USDT	+0.0120%	8h	227.28	+0.016%	$714K	$205K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.63	+0.170%	$73K	$135	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.17	−0.032%	$388K	$709K	20x	as long as short
edgeX NVDAUSDC	+0.0514%	4h	227.26	+0.007%	$170K	$1.9M	20x	as long as short