Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.016%

Price spread now: Orderly against Vest−0.088%7-day average — · you buy dearer than you sell

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

Long on Vest Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Orderly is 0.088% cheaper against Vest than usual: you would sell low and buy high (spread −0.088% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 5.4 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	Vest NVDA-USD-PERP	226.96	0.0046	pay 0.0006% / 1h	54m 58s	—	$74K	25x
Short	Orderly PERP_NVDA_USDC	226.76	0.0100	get 0.0100% / 8h	6h 54m	$36K	$20K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Vest. 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 VestbpFee OrderlybpOrdersPrice spread, now −0.088%Rate

Funding earned: $11.41
Price spread: −0.088% → 0.000%: −$8.81
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$5.4
Costs to cover: 0.080%
Break-even: 10.3 days

Slippage unknown: Vest: no order-book sample; Orderly: 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 Vest no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Vest and Orderly: 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	226.77	−0.084%	$12.7M	$15.2M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.76	−0.088%	$14.2M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.73	−0.101%	$7.2M	$9.3M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.81	−0.066%	$15.7M	$16.0M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.49	−0.207%	$3K	$3.5M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.86	−0.044%	$198K	$436K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.96	0.000%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	226.84	−0.053%	$117K	$51K	10x	as long as short
Hotstuff NVDA-PERP	+0.0016%	1h	226.68	−0.123%	$35K	—	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.57	−0.171%	$641K	$885K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter NVDA	+0.0040%	1h	226.73	−0.103%	$2.1M	$3.1M	20x	as long as short
Vest NVDA-USD-PERPlong	+0.0046%	1h	226.96	long leg	—	$74K	25x
QFEX NVDA-USD	+0.0047%	1h	226.76	−0.088%	$1.3M	$9.1M	10x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.62	−0.150%	$147.6M	$45.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.70	−0.115%	$392K	$240K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.69	−0.119%	$59K	$18K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.68	−0.123%	$1.6M	$1.9M	15x	as long as short
GRVT NVDA_USDT_Perp	+0.0058%	8h	227.01	+0.022%	$21K	$433K	10x	as long as short
Aster NVDAUSDT	+0.0083%	8h	226.86	−0.045%	$485K	$543K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.65	−0.136%	$297K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.82	−0.062%	$16K	$45K	50x	as long as short
Orderly PERP_NVDA_USDCshort	+0.0100%	8h	226.76	−0.088%	$36K	$20K	20x
Variational Omni NVDA	+0.0113%	8h	226.95	−0.004%	$3.3M	$2.5M	—	as long as short
Nado NVDA-PERP	+0.0116%	1h	226.73	−0.102%	$482K	$221K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.81	−0.067%	—	—	10x	as long as short
KuCoin NVDAUSDTM	+0.0121%	8h	226.86	−0.044%	$1.6M	$1.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	227.02	+0.026%	$1.3M	$682K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0147%	1h	226.71	−0.110%	$53K	$1.9M	10x	as long as short
edgeX NVDAUSDC	+0.0162%	4h	226.89	−0.031%	$171K	$1.9M	20x	as long as short
Lighter RH NVDA	+0.0168%	1h	226.88	−0.035%	$5.1M	$6.9M	20x	as long as short
Binance NVDAUSDT	+0.0169%	8h	226.78	−0.079%	$155.5M	$223.5M	50x	as long as short
Phoenix NVDA	+0.0212%	1h	226.76	−0.088%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.48	+0.229%	$73K	$135	30x	as long as short
Arcus NVDA-USD	+0.0225%	1h	226.76	−0.088%	$392K	$740K	20x	as long as short
BloFin NVDA-USDT	+0.0289%	8h	226.80	−0.070%	$716K	$202K	20x	as long as short