Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.027%

Price spread now: ApeX Omni against OKX−0.035%50s7-day average — · you buy dearer than you sell

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

Long on OKX Short on ApeX Omni

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

Funding pays, the price is against you. ApeX Omni is 0.035% cheaper against OKX than usual: you would sell low and buy high (spread −0.035% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 28 hours of funding at the current rate (+$3 a day). The two prices were read 50 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	OKX NVDA-USDT-SWAP	227.45	0	get 0.0000% / 8h	5h 44m	$14.4M	$20.4M	50x
Short	ApeX Omni NVDAUSDT	227.37	0.0100	get 0.0013% / 1h	44m 46s	$16K	$44K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now −0.035%Rate

Funding earned: $21
Price spread: −0.035% → 0.000%: −$3.52
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$2.52
Costs to cover: 0.200%
Break-even: 7.8 days

Slippage unknown: OKX: live order book, 2 min ago; ApeX Omni: 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 OKX live order book, 2 min ago	0.22 bp	5.8 bp −$6	7.5 bp −$75	16.8 bp −$1,676	doesn't fit
Sell ApeX Omni no order-book sample	—	—	—	—	—

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 exchanges

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	−0.1600%	1h	225.25	−0.967%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.46	+0.004%	$12.7M	$16.0M	100x	as long as short
OKX NVDA-USDT-SWAPlong	0.0000%	8h	227.45	long leg	$14.4M	$20.4M	50x
Gate NVDA_USDT	0.0000%	8h	227.40	−0.022%	$7.2M	$9.2M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.51	+0.026%	$15.6M	$16.0M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.06	−0.171%	$2K	$3.4M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.31	−0.062%	$16K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.49	+0.018%	$199K	$400K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.52	+0.031%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.40	−0.022%	$118K	$52K	10x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter NVDA	+0.0032%	1h	227.42	−0.015%	$2.1M	$3.1M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.29	−0.068%	$613K	$938K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0039%	8h	227.57	+0.053%	$20K	$430K	10x	as long as short
Aster NVDAUSDT	+0.0040%	8h	227.48	+0.013%	$484K	$565K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.43	−0.009%	$1.3M	$9.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.61	+0.070%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.33	−0.053%	$148.9M	$46.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.37	−0.035%	$392K	$237K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.35	−0.044%	$59K	$16K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.19	−0.114%	$1.5M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0093%	1h	227.31	−0.061%	$478K	$210K	20x	as long as short
Lighter RH NVDA	+0.0096%	1h	227.57	+0.053%	$5.1M	$7.1M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.28	−0.075%	$298K	$50K	10x	as long as short
ApeX Omni NVDAUSDTshort	+0.0100%	1h	227.37	−0.035%	$16K	$44K	50x
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.42	−0.013%	$36K	$19K	20x	as long as short
Variational Omni NVDA	+0.0120%	8h	227.45	−0.001%	$3.3M	$2.4M	—	as long as short
Aevo NVDA-PERP	+0.0128%	1h	227.43	−0.009%	—	—	10x	as long as short
KuCoin NVDAUSDTM	+0.0132%	8h	227.48	+0.013%	$1.6M	$1.3M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	227.36	−0.040%	$1.3M	$663K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.50	+0.022%	$94K	$82K	20x	as long as short
Binance NVDAUSDT	+0.0173%	8h	227.47	+0.009%	$156.0M	$224.9M	50x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.74	+0.128%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0292%	8h	227.48	+0.013%	$733K	$201K	20x	as long as short
Arcus NVDA-USD	+0.0320%	1h	227.40	−0.022%	$384K	$704K	20x	as long as short
edgeX NVDAUSDC	+0.0501%	4h	227.48	+0.014%	$171K	$1.9M	20x	as long as short