Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0015%/8h= +1.7% APRpaid last 24h −0.010%

Price spread now: Ondo Perps against Bitget−0.140%7-day average −0.132% · you buy dearer than you sell

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

Long on Bitget Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 7 days+0.003%$0 · spread now −0.140%, 7d avg −0.132%

Together, before fees−0.065%+ Points / potential airdropOndo Perps: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.132%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.068%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NVDAUSDT	227.78	0.0035	pay 0.0035% / 8h	7h 50m	$15.5M	$17.1M	100x
Short	Ondo Perps NVDA-USD.P	227.46	0.0050	get 0.0006% / 1h	50m 33s	$1.6M	$2.0M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bitget. 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 BitgetbpFee Ondo PerpsbpOrdersPrice spread, now −0.140%Rate

Funding earned: $3.23
Price spread: −0.140% → −0.132%: −$0.9
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$14.66
Costs to cover: 0.170%
Break-even: 38.7 days

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	0.22 bp	7.0 bp −$7	10.7 bp −$107	19.0 bp −$1,903	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
Aster NVDAUSDT	0.0000%	8h	227.62	−0.069%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.73	−0.022%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.73	−0.022%	$14.4M	$20.7M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.66	−0.053%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.71	−0.031%	$3.6M	$1.9M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.66	−0.053%	$20K	$406K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.27	−0.224%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	−0.132%	$197K	$516K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.73	−0.022%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.47	−0.136%	$118K	$56K	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	227.62	−0.070%	$535K	$447K	10x	as long as short
Bitget NVDAUSDTlong	+0.0035%	8h	227.78	long leg	$15.5M	$17.1M	100x
Binance NVDAUSDT	+0.0037%	8h	227.77	−0.004%	$156.5M	$218.6M	50x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.54	−0.105%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.70	−0.035%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.86	+0.035%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.63	−0.066%	$148.0M	$46.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.70	−0.035%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.57	−0.092%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.Pshort	+0.0050%	1h	227.46	−0.140%	$1.6M	$2.0M	15x
Nado NVDA-PERP	+0.0055%	1h	227.65	−0.058%	$484K	$229K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.65	−0.057%	$49K	$1.4M	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.140%	$1.3M	$823K	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.67	−0.050%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.58	−0.087%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.54	−0.105%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.70	−0.035%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.65	−0.057%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0118%	8h	227.70	−0.035%	$1.6M	$743K	20x	as long as short
Lighter NVDA	+0.0120%	1h	227.76	−0.010%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0120%	1h	227.89	+0.048%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0146%	8h	227.77	−0.004%	$714K	$205K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.89	+0.048%	$73K	$135	30x	as long as short
Hotstuff NVDA-PERP	+0.0296%	1h	227.60	−0.079%	$35K	—	20x	as long as short
edgeX NVDAUSDC	+0.0364%	4h	227.63	−0.066%	$170K	$1.9M	20x	as long as short