Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0139%/8h= +15.2% APRpaid last 24h +0.024%

Price spread now: Lighter against Variational Omni−0.015%7-day average −0.014% · you buy dearer than you sell

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

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.050%+$5 on $10k

Price spread, last 7 days+0.037%+$4 · spread now −0.015%, 7d avg −0.014%

Together, before fees+0.087%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NVDA	227.92	0.0013	pay 0.0013% / 8h	7h 01m	$3.5M	$1.9M	—
Short	Lighter NVDA	227.89	0.0152	get 0.0019% / 1h	1m 34s	$2.2M	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.015%Rate

Funding earned: $29.14
Price spread: −0.015% → −0.014%: −$0.1
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $29.04
Costs to cover: 0.000%
Break-even: 0.0 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Lighter: live order book, 6 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 Variational Omni RFQ quote, 3 min ago	2.81 bp	doesn't fit	7.0 bp −$70	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	0.31 bp	0.9 bp −$1	1.5 bp −$15	14.9 bp −$1,494	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
Bybit NVDAUSDT	0.0000%	8h	227.88	−0.019%	$12.7M	$15.2M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.84	−0.036%	$14.4M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.82	−0.045%	$7.2M	$9.7M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.41	−0.225%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.90	−0.010%	$198K	$505K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.96	+0.016%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0002%	8h	227.77	−0.068%	$484K	$582K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.85	−0.034%	$118K	$55K	10x	as long as short
Variational Omni NVDAlong	+0.0013%	8h	227.92	long leg	$3.5M	$1.9M	—
Deribit NVDA_USDC-PERPETUAL	+0.0013%	1h	227.80	−0.054%	$49K	$1.5M	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	227.75	−0.078%	$636K	$597K	10x	as long as short
Bitget NVDAUSDT	+0.0039%	8h	227.91	−0.006%	$15.4M	$16.8M	100x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.73	−0.085%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.86	−0.028%	$1.5M	$10.8M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.97	+0.021%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.75	−0.076%	$148.1M	$46.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.84	−0.036%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.75	−0.076%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.73	−0.085%	$1.5M	$2.1M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.203%	$1.3M	$798K	10x	as long as short
Nado NVDA-PERP	+0.0087%	1h	227.77	−0.066%	$484K	$229K	20x	as long as short
Binance NVDAUSDT	+0.0087%	8h	227.90	−0.010%	$156.5M	$217.0M	50x	as long as short
Hotstuff NVDA-PERP	+0.0088%	1h	227.74	−0.080%	$35K	—	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.75	−0.077%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.74	−0.080%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.86	−0.028%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.84	−0.035%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	227.84	−0.036%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0145%	8h	227.91	−0.006%	$1.6M	$735K	20x	as long as short
Lighter NVDAshort	+0.0152%	1h	227.89	−0.015%	$2.2M	$3.2M	20x
Lighter RH NVDA	+0.0152%	1h	228.05	+0.056%	$5.1M	$7.1M	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0190%	8h	227.92	−0.003%	$21K	$391K	10x	as long as short
BloFin NVDA-USDT	+0.0205%	8h	227.93	+0.003%	$719K	$205K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.20	+0.122%	$73K	$140	30x	as long as short
edgeX NVDAUSDC	+0.0342%	4h	227.88	−0.020%	$170K	$1.9M	20x	as long as short