Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h +0.013%

Price spread now: ApeX Omni against Variational Omni−0.033%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—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 against this trade now: funding costs −$1 a day on $10k at the current rate, and ApeX Omni is 0.033% cheaper against Variational Omni than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NVDA	227.62	0.0144	pay 0.0144% / 8h	5h 01m	$3.3M	$2.4M	—
Short	ApeX Omni NVDAUSDT	227.55	0.0100	get 0.0013% / 1h	1m 39s	$16K	$45K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.033%Rate

Funding earned: −$9.19
Price spread: −0.033% → 0.000%: −$3.28
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$22.47
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 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 Variational Omni RFQ quote, 1 min ago	2.79 bp	doesn't fit	5.5 bp −$55	doesn't fit	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	227.50	−0.055%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.79	+0.073%	$12.7M	$16.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.77	+0.064%	$14.5M	$20.7M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.72	+0.042%	$7.2M	$9.4M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.82	+0.086%	$15.7M	$15.8M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.32	−0.134%	$2K	$3.3M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.62	−0.002%	$16K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.51	−0.050%	$199K	$399K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.78	+0.068%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.48	−0.061%	$117K	$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	227.70	+0.032%	$2.1M	$3.2M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.57	−0.025%	$610K	$930K	10x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.73	+0.046%	$1.4M	$9.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.90	+0.121%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.63	+0.002%	$149.5M	$45.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.67	+0.020%	$392K	$212K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.63	+0.002%	$59K	$16K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.49	−0.059%	$1.5M	$2.0M	15x	as long as short
Aster NVDAUSDT	+0.0052%	8h	227.64	+0.008%	$484K	$565K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0064%	8h	227.65	+0.013%	$20K	$418K	10x	as long as short
Nado NVDA-PERP	+0.0084%	1h	227.65	+0.011%	$479K	$208K	20x	as long as short
Lighter RH NVDA	+0.0088%	1h	227.86	+0.103%	$5.3M	$7.2M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.58	−0.020%	$299K	$50K	10x	as long as short
ApeX Omni NVDAUSDTshort	+0.0100%	1h	227.55	−0.033%	$16K	$45K	50x
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.69	+0.029%	$36K	$19K	20x	as long as short
Aevo NVDA-PERP	+0.0128%	1h	227.73	+0.045%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	227.41	−0.094%	$1.3M	$671K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.59	−0.015%	$94K	$82K	20x	as long as short
Variational Omni NVDAlong	+0.0144%	8h	227.62	long leg	$3.3M	$2.4M	—
KuCoin NVDAUSDTM	+0.0154%	8h	227.71	+0.037%	$1.6M	$1.5M	20x	as long as short
Binance NVDAUSDT	+0.0188%	8h	227.76	+0.059%	$155.7M	$224.9M	50x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.90	+0.121%	$73K	$141	30x	as long as short
BloFin NVDA-USDT	+0.0310%	8h	227.74	+0.051%	$737K	$202K	20x	as long as short
Arcus NVDA-USD	+0.0320%	1h	227.70	+0.033%	$386K	$720K	20x	as long as short
edgeX NVDAUSDC	+0.0402%	4h	227.64	+0.008%	$171K	$1.9M	20x	as long as short