Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.011%

Price spread now: Pacifica against Variational Omni+0.007%52s7-day average −0.041% · you sell dearer than you buy

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

Long on Variational Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.050%+$5 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.007%, 7d avg −0.041%

Together, before fees+0.051%+ Points / potential airdropVariational Omni: Active · Pacifica: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Pacifica is 0.048% dearer against Variational Omni than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.041%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NVDA	227.35	0	get 0.0000% / 8h	6m 50s	$3.6M	$1.9M	—
Short	Pacifica NVDA	227.37	0.0100	get 0.0013% / 1h	6m 50s	$298K	$60K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.007%Rate

Funding earned: $21
Price spread: +0.007% → −0.041%: $4.76
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $17.76
Costs to cover: 0.080%
Break-even: 1.1 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Pacifica: 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, 2 min ago	2.79 bp	doesn't fit	4.4 bp −$44	doesn't fit	doesn't fit
Sell Pacifica live order book, 6 min ago	1.76 bp	8.1 bp −$8	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
Aster NVDAUSDT	0.0000%	8h	227.44	+0.039%	$482K	$587K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.50	+0.065%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.48	+0.056%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.42	+0.030%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDAlong	0.0000%	8h	227.35	long leg	$3.6M	$1.9M	—
GRVT NVDA_USDT_Perp	0.0000%	8h	227.42	+0.030%	$20K	$407K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.00	−0.155%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.58	+0.100%	$198K	$525K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.42	+0.030%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0018%	1h	227.27	−0.037%	$118K	$56K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NVDAUSDT	+0.0025%	8h	227.55	+0.087%	$15.5M	$17.4M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.37	+0.007%	$535K	$447K	10x	as long as short
Binance NVDAUSDT	+0.0036%	8h	227.52	+0.075%	$156.3M	$219.2M	50x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.58	+0.100%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.37	+0.008%	$147.9M	$48.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.44	+0.039%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.33	−0.010%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.29	−0.027%	$1.6M	$2.1M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.45	+0.043%	$49K	$1.4M	10x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.46	+0.047%	$1.6M	$11.5M	10x	as long as short
Nado NVDA-PERP	+0.0062%	1h	227.40	+0.023%	$484K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.47	+0.050%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.150%	$1.3M	$842K	10x	as long as short
Pacifica NVDAshort	+0.0100%	1h	227.37	+0.007%	$298K	$60K	10x
ApeX Omni NVDAUSDT	+0.0100%	1h	227.30	−0.023%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.45	+0.043%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.35	−0.001%	$93K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0109%	8h	227.42	+0.030%	$1.6M	$742K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.32	−0.014%	$399K	$724K	20x	as long as short
BloFin NVDA-USDT	+0.0142%	8h	227.49	+0.061%	$715K	$205K	20x	as long as short
Hotstuff NVDA-PERP	+0.0160%	1h	227.36	+0.004%	$35K	—	20x	as long as short
Lighter RH NVDA	+0.0176%	1h	227.64	+0.127%	$5.1M	$7.2M	20x	as long as short
Lighter NVDA	+0.0184%	1h	227.51	+0.070%	$2.2M	$3.3M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.67	+0.140%	$73K	$140	30x	as long as short
edgeX NVDAUSDC	+0.0580%	4h	227.37	+0.009%	$170K	$1.9M	20x	as long as short