Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0059%/8h= −6.5% APRpaid last 24h −0.018%

Price spread now: Ondo Perps against Binance−0.106%7-day average −0.116% · you buy dearer than you sell

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

Long on Binance Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.089%−$9 on $10k

Price spread, last 7 days−0.024%−$2 · spread now −0.106%, 7d avg −0.116%

Together, before fees−0.112%+ Points / potential airdropOndo Perps: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.116%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NVDAUSDT	227.75	0.0110	pay 0.0110% / 8h	5h 03m	$156.3M	$215.8M	50x
Short	Ondo Perps NVDA-USD.P	227.51	0.0050	get 0.0006% / 1h	3m 22s	$1.6M	$2.0M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Binance. 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 BinancebpFee Ondo PerpsbpOrdersPrice spread, now −0.106%Rate

Funding earned: −$12.49
Price spread: −0.106% → −0.116%: $1.04
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$26.45
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 10 min ago; Ondo Perps: 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 Binance live order book, 10 min ago	0.22 bp	5.2 bp −$5	5.5 bp −$55	15.5 bp −$1,551	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
Hotstuff NVDA-PERP	−0.0056%	1h	227.51	−0.106%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.67	−0.035%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.70	−0.022%	$14.4M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.64	−0.049%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.73	−0.009%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.28	−0.207%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	+0.004%	$198K	$475K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.71	−0.018%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.54	−0.091%	$118K	$54K	10x	as long as short
Aster NVDAUSDT	+0.0026%	8h	227.68	−0.033%	$483K	$590K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NVDA_USDT_Perp	+0.0028%	8h	227.69	−0.027%	$21K	$386K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.59	−0.070%	$406K	$744K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.65	−0.044%	$1.4M	$9.5M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.73	−0.009%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.54	−0.092%	$147.9M	$43.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.63	−0.053%	$402K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.54	−0.092%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.Pshort	+0.0050%	1h	227.51	−0.106%	$1.6M	$2.0M	15x
Variational Omni NVDA	+0.0052%	8h	227.61	−0.061%	$3.5M	$2.1M	—	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.53	−0.097%	$1.3M	$775K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.55	−0.088%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.52	−0.101%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.67	−0.035%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0105%	1h	227.49	−0.114%	$94K	$112K	20x	as long as short
Binance NVDAUSDTlong	+0.0110%	8h	227.75	long leg	$156.3M	$215.8M	50x
Aevo NVDA-PERP	+0.0112%	1h	227.68	−0.032%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0130%	1h	227.50	−0.111%	$483K	$228K	20x	as long as short
KuCoin NVDAUSDTM	+0.0144%	8h	227.70	−0.022%	$1.6M	$728K	20x	as long as short
Lighter NVDA	+0.0168%	1h	227.64	−0.050%	$2.2M	$3.3M	20x	as long as short
Lighter RH NVDA	+0.0208%	1h	227.77	+0.009%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.98	+0.101%	$73K	$139	30x	as long as short
BloFin NVDA-USDT	+0.0229%	8h	227.62	−0.057%	$722K	$201K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0365%	1h	227.63	−0.053%	$49K	$1.6M	10x	as long as short
Extended NVDA_24_5-USD	+0.0416%	1h	227.45	−0.130%	$686K	$733K	10x	as long as short
edgeX NVDAUSDC	+0.0817%	4h	227.61	−0.061%	$170K	$1.9M	20x	as long as short