Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h —

Price spread now: Aevo against Variational Omni+0.051%48s7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aevo is 0.051% dearer against Variational Omni than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). 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	Variational Omni NVDA	227.79	0	get 0.0000% / 8h	7h 26m	$3.6M	$1.9M	—
Short	Aevo NVDA-PERP	227.91	0.0096	get 0.0012% / 1h	26m 36s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Variational Omni. 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 Variational OmnibpFee AevobpOrdersPrice spread, now +0.051%Rate

Funding earned: $20.16
Price spread: +0.051% → 0.000%: $5.12
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: $9.28
Costs to cover: 0.160%
Break-even: 3.8 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Aevo: 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 Variational Omni RFQ quote, 3 min ago	2.81 bp	doesn't fit	6.1 bp −$61	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	227.73	−0.026%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.85	+0.026%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.89	+0.044%	$14.4M	$20.7M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.81	+0.009%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDAlong	0.0000%	8h	227.79	long leg	$3.6M	$1.9M	—
SunX NVDA-USDT	0.0000%	8h	227.43	−0.158%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.77	−0.009%	$198K	$510K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.90	+0.048%	$2.2M	$42K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0014%	8h	227.77	−0.007%	$21K	$394K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.59	−0.086%	$118K	$55K	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	227.72	−0.028%	$524K	$474K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.69	−0.044%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.78	−0.004%	$1.6M	$11.2M	10x	as long as short
Bitget NVDAUSDT	+0.0045%	8h	227.92	+0.057%	$15.5M	$16.9M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.96	+0.075%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.77	−0.009%	$147.9M	$46.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.85	+0.026%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.76	−0.013%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.69	−0.044%	$1.6M	$2.0M	15x	as long as short
Binance NVDAUSDT	+0.0055%	8h	227.92	+0.057%	$156.6M	$217.6M	50x	as long as short
Hotstuff NVDA-PERP	+0.0072%	1h	227.79	0.000%	$35K	—	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.145%	$1.3M	$800K	10x	as long as short
Nado NVDA-PERP	+0.0083%	1h	227.82	+0.013%	$484K	$229K	20x	as long as short
Aevo NVDA-PERPshort	+0.0096%	1h	227.91	+0.051%	—	—	10x
Pacifica NVDA	+0.0100%	1h	227.76	−0.015%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.70	−0.039%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.90	+0.048%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.64	−0.066%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0129%	8h	227.82	+0.013%	$1.6M	$740K	20x	as long as short
edgeX NVDAUSDC	+0.0142%	4h	227.84	+0.022%	$170K	$1.9M	20x	as long as short
Lighter NVDA	+0.0144%	1h	227.95	+0.072%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	228.09	+0.132%	$5.1M	$7.1M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0145%	1h	227.89	+0.044%	$49K	$1.4M	10x	as long as short
BloFin NVDA-USDT	+0.0172%	8h	227.85	+0.026%	$716K	$206K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.22	+0.189%	$73K	$138	30x	as long as short