Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.002%

Price spread now: OKX against Ondo Perps+0.092%48s7-day average +0.114% · you sell dearer than you buy

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

Long on Ondo Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 7 days+0.091%+$9 · spread now +0.092%, 7d avg +0.114%

Together, before fees+0.142%+ Points / potential airdropOndo Perps: Active · farm board+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.021% cheaper against Ondo Perps than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.114%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.052%, so the current rate has only just turned against you. The two prices were read 48 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	Ondo Perps NVDA-USD.P	227.56	0.0050	pay 0.0006% / 1h	33m 46s	$1.5M	$2.0M	15x
Short	OKX NVDA-USDT-SWAP	227.77	0	get 0.0000% / 8h	6h 33m	$14.4M	$20.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Ondo Perps. 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 Ondo PerpsbpFee OKXbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$10.58
Price spread: +0.092% → +0.114%: −$2.13
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$27.71
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; OKX: live order book, 5 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell OKX live order book, 5 min ago	0.22 bp	5.7 bp −$6	6.5 bp −$65	20.4 bp −$2,038	doesn't fit

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 34 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	−0.0016%	1h	227.64	+0.035%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.80	+0.105%	$484K	$581K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.77	+0.092%	$12.7M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAPshort	0.0000%	8h	227.77	+0.092%	$14.4M	$20.3M	50x
Gate NVDA_USDT	0.0000%	8h	227.69	+0.057%	$7.2M	$9.5M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.79	+0.101%	$15.4M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.29	−0.119%	$3K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.75	+0.083%	$198K	$498K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.82	+0.114%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.57	+0.004%	$118K	$54K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0015%	8h	227.74	+0.079%	$3.5M	$1.9M	—	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.59	+0.013%	$691K	$710K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0037%	8h	227.71	+0.066%	$20K	$386K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.62	+0.026%	$400K	$723K	20x	as long as short
QFEX NVDA-USD	+0.0045%	1h	227.76	+0.088%	$1.5M	$10.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.87	+0.136%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.63	+0.031%	$148.1M	$44.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.73	+0.075%	$402K	$280K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.64	+0.035%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.Plong	+0.0050%	1h	227.56	long leg	$1.5M	$2.0M	15x
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.044%	$1.3M	$788K	10x	as long as short
Nado NVDA-PERP	+0.0073%	1h	227.64	+0.037%	$484K	$230K	20x	as long as short
Binance NVDAUSDT	+0.0081%	8h	227.78	+0.098%	$156.3M	$216.2M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.62	+0.026%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.58	+0.009%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.74	+0.079%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.76	+0.086%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.62	+0.026%	$94K	$112K	20x	as long as short
Lighter NVDA	+0.0120%	1h	227.76	+0.088%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0128%	1h	227.89	+0.145%	$5.1M	$7.0M	20x	as long as short
KuCoin NVDAUSDTM	+0.0131%	8h	227.77	+0.092%	$1.6M	$737K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0189%	1h	227.70	+0.062%	$49K	$1.5M	10x	as long as short
edgeX NVDAUSDC	+0.0212%	4h	227.66	+0.045%	$170K	$1.9M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.97	+0.180%	$73K	$137	30x	as long as short