Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: SunX against ApeX Omni−0.171%73s7-day average — · you buy dearer than you sell

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

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SunX is 0.171% cheaper against ApeX Omni than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 73 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	ApeX Omni NVDAUSDT	227.73	0.0100	pay 0.0013% / 1h	23m 44s	$16K	$44K	50x
Short	SunX NVDA-USDT	227.34	0	get 0.0000% / 8h	7h 23m	$2K	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against ApeX 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 ApeX OmnibpFee SunXbpOrdersPrice spread, now −0.171%Rate

Funding earned: −$21
Price spread: −0.171% → 0.000%: −$17.13
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$56.13
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: ApeX Omni: no order-book sample; SunX: live order book, 4 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 ApeX Omni no order-book sample	—	—	—	—	—
Sell SunX live order book, 4 min ago	21.95 bp	26.0 bp −$26	55.7 bp −$557	doesn't fit	doesn't fit

ApeX Omni: 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
Aster NVDAUSDT	0.0000%	8h	227.63	−0.042%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.73	0.000%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.73	0.000%	$14.4M	$20.7M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.68	−0.022%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.86	+0.056%	$3.5M	$1.9M	—	as long as short
SunX NVDA-USDTshort	0.0000%	8h	227.34	−0.171%	$2K	$3.8M	20x
HTX NVDA-USDT	0.0000%	8h	227.87	+0.061%	$198K	$511K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.85	+0.053%	$2.2M	$42K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0014%	1h	227.66	−0.031%	$49K	$1.4M	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.79	+0.025%	$118K	$55K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	227.61	−0.053%	$524K	$474K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.65	−0.035%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.73	0.000%	$1.6M	$11.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.85	+0.053%	—	$74K	25x	as long as short
Bitget NVDAUSDT	+0.0046%	8h	227.77	+0.018%	$15.5M	$16.9M	100x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.61	−0.053%	$147.8M	$45.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.68	−0.022%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.60	−0.057%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.63	−0.044%	$1.6M	$2.1M	15x	as long as short
Binance NVDAUSDT	+0.0056%	8h	227.77	+0.018%	$156.4M	$217.6M	50x	as long as short
GRVT NVDA_USDT_Perp	+0.0080%	8h	227.91	+0.079%	$20K	$389K	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.119%	$1.3M	$800K	10x	as long as short
Nado NVDA-PERP	+0.0081%	1h	227.62	−0.049%	$484K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.71	−0.008%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.61	−0.051%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDTlong	+0.0100%	1h	227.73	long leg	$16K	$44K	50x
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.69	−0.018%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.81	+0.035%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0130%	8h	227.83	+0.044%	$1.6M	$740K	20x	as long as short
Lighter NVDA	+0.0144%	1h	227.79	+0.026%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.91	+0.079%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0176%	8h	227.86	+0.057%	$718K	$206K	20x	as long as short
Hotstuff NVDA-PERP	+0.0192%	1h	227.53	−0.088%	$35K	—	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.22	+0.215%	$73K	$138	30x	as long as short
edgeX NVDAUSDC	+0.0591%	4h	227.89	+0.071%	$170K	$1.9M	20x	as long as short