Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h +0.026%

Price spread now: Lighter RH against Variational Omni+0.036%7-day average +0.036% · you sell dearer than you buy

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

Long on Variational Omni Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.053%+$5 on $10k

Price spread, last 7 days−0.003%$0 · spread now +0.036%, 7d avg +0.036%

Together, before fees+0.050%+ Points / potential airdropVariational Omni: Active · Lighter RH: Points live · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.053%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NVDA	226.46	0.0104	pay 0.0104% / 8h	7h 48m	$3.3M	$2.5M	—
Short	Lighter RH NVDA	226.54	0.0040	get 0.0005% / 1h	48m 01s	$5.1M	$6.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$13.39
Price spread: +0.036% → +0.036%: $0.05
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$13.34
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Lighter RH: live order book, 6 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, 1 min ago	2.78 bp	doesn't fit	4.5 bp −$45	doesn't fit	doesn't fit
Sell Lighter RH live order book, 6 min ago	0.66 bp	0.8 bp −$1	2.5 bp −$25	32.0 bp −$3,198	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
Hotstuff NVDA-PERP	−0.0112%	1h	226.22	−0.105%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.40	−0.025%	$12.5M	$14.5M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.40	−0.025%	$14.1M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.36	−0.043%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.47	+0.005%	$15.8M	$16.3M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.05	−0.180%	$2K	$3.5M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.32	−0.061%	$53K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.58	+0.054%	$198K	$437K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.59	+0.058%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	226.20	−0.115%	$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
edgeX NVDAUSDC	+0.0020%	4h	226.30	−0.071%	$171K	$1.9M	20x	as long as short
Lighter NVDA	+0.0032%	1h	226.37	−0.040%	$2.1M	$3.2M	20x	as long as short
Lighter RH NVDAshort	+0.0040%	1h	226.54	+0.036%	$5.1M	$6.9M	20x
Arcus NVDA-USD	+0.0040%	1h	226.37	−0.039%	$392K	$737K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.55	+0.041%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.30	−0.070%	$147.0M	$43.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.27	−0.083%	$391K	$245K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.27	−0.083%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.20	−0.114%	$1.6M	$1.9M	15x	as long as short
Nado NVDA-PERP	+0.0056%	1h	226.34	−0.051%	$481K	$223K	20x	as long as short
QFEX NVDA-USD	+0.0072%	1h	226.41	−0.021%	$1.3M	$9.1M	10x	as long as short
Aster NVDAUSDT	+0.0081%	8h	226.40	−0.025%	$482K	$538K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0081%	8h	226.35	−0.049%	$21K	$426K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	226.34	−0.053%	$297K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.21	−0.109%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.39	−0.030%	$36K	$20K	20x	as long as short
Variational Omni NVDAlong	+0.0104%	8h	226.46	long leg	$3.3M	$2.5M	—
KuCoin NVDAUSDTM	+0.0111%	8h	226.38	−0.034%	$1.6M	$894K	20x	as long as short
Extended NVDA_24_5-USD	+0.0120%	1h	226.26	−0.086%	$644K	$879K	10x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.41	−0.022%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.29	−0.074%	$1.3M	$696K	10x	as long as short
Binance NVDAUSDT	+0.0165%	8h	226.43	−0.012%	$155.1M	$220.8M	50x	as long as short
Phoenix NVDA	+0.0212%	1h	226.19	−0.118%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.72	+0.116%	$73K	$135	30x	as long as short
BloFin NVDA-USDT	+0.0285%	8h	226.49	+0.014%	$711K	$197K	20x	as long as short