Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h −0.001%

Price spread now: tradeXYZ against Variational Omni+0.011%7-day average −0.071% · you sell dearer than you buy

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

Long on Variational Omni Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.030%+$3 on $10k

Price spread, last 7 days−0.055%−$5 · spread now +0.011%, 7d avg −0.071%

Together, before fees−0.025%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and tradeXYZ is 0.082% dearer against Variational Omni than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NVDA	226.32	0.0016	pay 0.0016% / 8h	1h 28m	$3.5M	$2.2M	—
Short	tradeXYZ xyz:NVDA	226.34	0.0050	get 0.0006% / 1h	28m 32s	$147.0M	$43.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.011%Rate

Funding earned: $7.1
Price spread: +0.011% → −0.071%: $8.16
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$2.75
Costs to cover: 0.180%
Break-even: 9.7 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; tradeXYZ: live order book, 11 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	2.81 bp	doesn't fit	6.2 bp −$62	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 11 min ago	0.22 bp	9.2 bp −$9	10.8 bp −$108	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	226.49	+0.078%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.47	+0.068%	$12.4M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.43	+0.051%	$14.1M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.43	+0.051%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.50	+0.082%	$15.2M	$16.0M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.34	+0.011%	$21K	$419K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.09	−0.100%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.46	+0.064%	$198K	$452K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.60	+0.126%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0016%	1h	226.16	−0.067%	$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
Variational Omni NVDAlong	+0.0016%	8h	226.32	long leg	$3.5M	$2.2M	—
Arcus NVDA-USD	+0.0040%	1h	226.32	+0.002%	$398K	$731K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.54	+0.099%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDAshort	+0.0050%	1h	226.34	+0.011%	$147.0M	$43.4M	20x
Polymarket Perps NVDA-USD	+0.0050%	1h	226.39	+0.033%	$391K	$285K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.29	−0.011%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.08	−0.104%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.48	+0.073%	$1.3M	$9.1M	10x	as long as short
Lighter NVDA	+0.0080%	1h	226.46	+0.063%	$2.1M	$3.3M	20x	as long as short
Binance NVDAUSDT	+0.0085%	8h	226.48	+0.073%	$154.5M	$217.9M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.33	+0.007%	$297K	$46K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.39	+0.033%	$1.6M	$743K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.16	−0.069%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.41	+0.042%	$36K	$21K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0103%	1h	226.39	+0.033%	$53K	$1.8M	10x	as long as short
Hotstuff NVDA-PERP	+0.0104%	1h	226.34	+0.011%	$35K	—	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.44	+0.053%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.26	−0.024%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.011%	$1.3M	$732K	10x	as long as short
Lighter RH NVDA	+0.0120%	1h	226.59	+0.121%	$5.0M	$6.9M	20x	as long as short
Nado NVDA-PERP	+0.0128%	1h	226.30	−0.007%	$481K	$224K	20x	as long as short
BloFin NVDA-USDT	+0.0205%	8h	226.48	+0.073%	$715K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.67	+0.157%	$73K	$138	30x	as long as short
Extended NVDA_24_5-USD	+0.0440%	1h	226.36	+0.020%	$638K	$801K	10x	as long as short
edgeX NVDAUSDC	+0.0818%	4h	226.29	−0.009%	$170K	$1.9M	20x	as long as short