Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0096%/8h= −10.6% APRpaid last 24h −0.011%

Price spread now: Variational Omni against Pacifica+0.048%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 Pacifica Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.057%−$6 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.048%, 7d avg +0.042%

Together, before fees−0.113%+ Points / potential airdropPacifica: Active · Variational Omni: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NVDA	226.28	0.0100	pay 0.0013% / 1h	28m 03s	$297K	$50K	10x
Short	Variational Omni NVDA	226.39	0.0004	get 0.0004% / 8h	2h 28m	$3.6M	$2.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Pacifica. 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 PacificabpFee Variational OmnibpOrdersPrice spread, now +0.048%Rate

Funding earned: −$20.23
Price spread: +0.048% → +0.042%: $0.59
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$27.64
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 20 min ago; Variational Omni: RFQ quote, 1 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 Pacifica live order book, 20 min ago	1.54 bp	10.6 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.80 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
Aster NVDAUSDT	0.0000%	8h	226.39	+0.050%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.32	+0.017%	$12.5M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.34	+0.026%	$14.2M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.31	+0.012%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.36	+0.034%	$15.3M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.43	+0.066%	$21K	$409K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.08	−0.089%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.55	+0.118%	$198K	$460K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.72	+0.193%	$2.2M	$43K	10x	as long as short
Variational Omni NVDAshort	+0.0004%	8h	226.39	+0.048%	$3.6M	$2.1M	—

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0010%	1h	226.34	+0.026%	$117K	$52K	10x	as long as short
Hotstuff NVDA-PERP	+0.0024%	1h	226.32	+0.017%	$35K	—	20x	as long as short
Lighter NVDA	+0.0032%	1h	226.33	+0.019%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.38	+0.043%	$397K	$726K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.32	+0.017%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.47	+0.083%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.22	−0.028%	$147.0M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.32	+0.017%	$398K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.23	−0.023%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.17	−0.050%	$1.6M	$2.0M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0059%	1h	226.28	−0.001%	$53K	$1.8M	10x	as long as short
Nado NVDA-PERP	+0.0077%	1h	226.25	−0.015%	$481K	$227K	20x	as long as short
Binance NVDAUSDT	+0.0079%	8h	226.37	+0.037%	$154.4M	$218.2M	50x	as long as short
Lighter RH NVDA	+0.0096%	1h	226.47	+0.083%	$5.0M	$7.1M	20x	as long as short
Pacifica NVDAlong	+0.0100%	1h	226.28	long leg	$297K	$50K	10x
KuCoin NVDAUSDTM	+0.0100%	8h	226.38	+0.043%	$1.6M	$738K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.33	+0.021%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.32	+0.017%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.36	+0.032%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.40	+0.052%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.38	+0.043%	$1.3M	$781K	10x	as long as short
BloFin NVDA-USDT	+0.0199%	8h	226.49	+0.092%	$716K	$191K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.71	+0.189%	$73K	$138	30x	as long as short
Extended NVDA_24_5-USD	+0.0312%	1h	226.17	−0.050%	$668K	$766K	10x	as long as short
edgeX NVDAUSDC	+0.0809%	4h	226.45	+0.076%	$170K	$1.9M	20x	as long as short