Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0181%/8h= −19.8% APRpaid last 24h −0.001%

Price spread now: Variational Omni against Extended+0.095%7-day average +0.042% · you sell dearer than you buy

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.016%−$2 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.095%, 7d avg +0.042%

Together, before fees−0.068%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.052% dearer against Extended than usual: you sell high and buy low (spread +0.095% now, against its 7-day average of +0.042%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 4 days (−0.016% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NVDA_24_5-USD	227.26	0.0232	pay 0.0029% / 1h	44m 50s	$674K	$778K	10x
Short	Variational Omni NVDA	227.48	0.0051	get 0.0051% / 8h	3h 44m	$3.6M	$2.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now +0.095%Rate

Funding earned: −$38.05
Price spread: +0.095% → +0.042%: $5.23
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$37.82
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Extended: live order book, 8 min ago; Variational Omni: RFQ quote, 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 Extended live order book, 8 min ago	0.66 bp	5.8 bp −$6	47.7 bp −$477	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.79 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	227.41	+0.066%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.40	+0.062%	$14.4M	$20.4M	50x	as long as short
Hotstuff NVDA-PERP	0.0000%	1h	227.34	+0.035%	$35K	—	20x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.37	+0.048%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.43	+0.075%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.38	+0.054%	$20K	$392K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.98	−0.123%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.52	+0.114%	$198K	$465K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.53	+0.119%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.29	+0.012%	$118K	$53K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0020%	8h	227.45	+0.084%	$483K	$590K	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.40	+0.062%	$399K	$741K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.40	+0.062%	$1.3M	$9.2M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.52	+0.114%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.22	−0.018%	$147.7M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.36	+0.044%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.25	−0.004%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.23	−0.013%	$1.6M	$2.0M	15x	as long as short
Variational Omni NVDAshort	+0.0051%	8h	227.48	+0.095%	$3.6M	$2.2M	—
Lighter NVDA	+0.0056%	1h	227.36	+0.043%	$2.1M	$3.3M	20x	as long as short
Nado NVDA-PERP	+0.0066%	1h	227.31	+0.024%	$484K	$227K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.31	+0.020%	$298K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.29	+0.013%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.35	+0.040%	$36K	$21K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.30	+0.018%	$49K	$1.7M	10x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.39	+0.055%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0106%	8h	227.40	+0.063%	$156.0M	$215.9M	50x	as long as short
KuCoin NVDAUSDTM	+0.0110%	8h	227.44	+0.079%	$1.6M	$726K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	227.53	+0.119%	$1.3M	$775K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.30	+0.018%	$93K	$112K	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	227.52	+0.114%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.83	+0.251%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0226%	8h	227.43	+0.075%	$719K	$201K	20x	as long as short
Extended NVDA_24_5-USDlong	+0.0232%	1h	227.26	long leg	$674K	$778K	10x
edgeX NVDAUSDC	+0.0310%	4h	227.48	+0.097%	$171K	$1.9M	20x	as long as short