Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0025%/8h= −2.7% APRpaid last 24h −0.004%

Price spread now: Ondo Perps against Variational Omni−0.102%7-day average −0.099% · you buy dearer than you sell

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

Long on Variational Omni Short on Ondo Perps

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.015%+$1 · spread now −0.102%, 7d avg −0.099%

Together, before fees+0.045%+ Points / potential airdropVariational Omni: Active · Ondo Perps: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.099%, so right now this pair is about funding alone: −$1 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	227.53	0.0075	pay 0.0075% / 8h	4h 45m	$3.5M	$2.1M	—
Short	Ondo Perps NVDA-USD.P	227.30	0.0050	get 0.0006% / 1h	45m 31s	$1.6M	$2.0M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo 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 Ondo PerpsbpOrdersPrice spread, now −0.102%Rate

Funding earned: −$5.2
Price spread: −0.102% → −0.099%: −$0.29
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$10.49
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Ondo Perps: 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, 4 min ago	2.79 bp	doesn't fit	5.0 bp −$50	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
Bybit NVDAUSDT	0.0000%	8h	227.56	+0.012%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.51	−0.010%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.48	−0.023%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.61	+0.034%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.14	−0.173%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	+0.047%	$198K	$472K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.61	+0.034%	$2.2M	$43K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0014%	1h	227.47	−0.028%	$49K	$1.6M	10x	as long as short
Aftermath Perps NVDAUSD	+0.0018%	1h	227.42	−0.048%	$118K	$54K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.57	+0.016%	$406K	$744K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0044%	8h	227.59	+0.026%	$483K	$590K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.68	+0.065%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.40	−0.058%	$147.8M	$43.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.54	+0.003%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.42	−0.050%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.Pshort	+0.0050%	1h	227.30	−0.102%	$1.6M	$2.0M	15x
QFEX NVDA-USD	+0.0057%	1h	227.55	+0.008%	$1.4M	$9.4M	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0068%	8h	227.60	+0.029%	$20K	$386K	10x	as long as short
Variational Omni NVDAlong	+0.0075%	8h	227.53	long leg	$3.5M	$2.1M	—
Pacifica NVDA	+0.0100%	1h	227.45	−0.037%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.45	−0.036%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.53	−0.001%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	−0.001%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.55	+0.007%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0123%	1h	227.47	−0.029%	$484K	$228K	20x	as long as short
Lighter NVDA	+0.0128%	1h	227.52	−0.005%	$2.2M	$3.3M	20x	as long as short
Binance NVDAUSDT	+0.0129%	8h	227.55	+0.008%	$156.5M	$216.2M	50x	as long as short
Phoenix NVDA	+0.0141%	1h	227.52	−0.006%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0152%	8h	227.60	+0.029%	$1.6M	$725K	20x	as long as short
Hotstuff NVDA-PERP	+0.0184%	1h	227.41	−0.054%	$35K	—	20x	as long as short
Lighter RH NVDA	+0.0208%	1h	227.68	+0.065%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.03	+0.218%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0250%	8h	227.60	+0.029%	$722K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0496%	1h	227.42	−0.050%	$685K	$733K	10x	as long as short
edgeX NVDAUSDC	+0.0666%	4h	227.55	+0.006%	$170K	$1.9M	20x	as long as short