Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0025%/8h= +2.8% APRpaid last 24h +0.002%

Price spread now: Variational Omni against Aftermath Perps+0.064%7-day average +0.043% · you sell dearer than you buy

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

Long on Aftermath Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.114%+$11 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.064%, 7d avg +0.043%

Together, before fees+0.145%+ Points / potential airdropVariational Omni: Active · farm board+$14 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 Variational Omni is 0.021% dearer against Aftermath Perps than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps NVDAUSD	226.97	0.0012	pay 0.0001% / 1h	21m 54s	$118K	$53K	10x
Short	Variational Omni NVDA	227.11	0.0037	get 0.0037% / 8h	3h 21m	$3.6M	$2.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aftermath Perps. 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 Aftermath PerpsbpFee Variational OmnibpOrdersPrice spread, now +0.064%Rate

Funding earned: $5.29
Price spread: +0.064% → +0.043%: $2.13
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$1.58
Costs to cover: 0.090%
Break-even: 9.1 days

Slippage unknown: Aftermath Perps: live order book, 32 min ago; Variational Omni: RFQ quote, 2 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 Aftermath Perps live order book, 32 min ago	4.57 bp	14.0 bp −$14	21.9 bp −$219	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.78 bp	doesn't fit	6.2 bp −$62	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
Bybit NVDAUSDT	0.0000%	8h	227.05	+0.037%	$12.6M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.06	+0.041%	$14.3M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.02	+0.023%	$7.3M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.09	+0.054%	$15.4M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.10	+0.059%	$21K	$396K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.60	−0.162%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.26	+0.129%	$197K	$462K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.21	+0.107%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0007%	8h	227.01	+0.018%	$482K	$569K	20x	as long as short
Aftermath Perps NVDAUSDlong	+0.0012%	1h	226.97	long leg	$118K	$53K	10x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter NVDA	+0.0032%	1h	226.98	+0.004%	$2.1M	$3.3M	20x	as long as short
Variational Omni NVDAshort	+0.0037%	8h	227.11	+0.064%	$3.6M	$2.2M	—
Arcus NVDA-USD	+0.0040%	1h	227.01	+0.019%	$398K	$738K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	226.97	+0.001%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.09	+0.054%	—	$74K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	226.83	−0.060%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.88	−0.038%	$147.5M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.98	+0.006%	$400K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.84	−0.056%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.79	−0.078%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0054%	1h	226.87	−0.042%	$482K	$227K	20x	as long as short
Binance NVDAUSDT	+0.0093%	8h	227.07	+0.046%	$155.6M	$216.3M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.89	−0.032%	$298K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.05	+0.037%	$1.6M	$728K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.07	+0.045%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.95	−0.007%	$36K	$21K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0103%	1h	226.95	−0.007%	$49K	$1.7M	10x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.01	+0.021%	—	—	10x	as long as short
Lighter RH NVDA	+0.0128%	1h	227.14	+0.076%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	227.11	+0.063%	$1.3M	$782K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.02	+0.023%	$93K	$112K	20x	as long as short
Extended NVDA_24_5-USD	+0.0176%	1h	226.86	−0.047%	$672K	$780K	10x	as long as short
BloFin NVDA-USDT	+0.0215%	8h	227.15	+0.081%	$718K	$201K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.52	+0.244%	$73K	$138	30x	as long as short
edgeX NVDAUSDC	+0.0414%	4h	227.23	+0.116%	$170K	$1.9M	20x	as long as short