Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.019%

Price spread now: SunX against Variational Omni−0.183%45s7-day average −0.109% · you buy dearer than you sell

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

Long on Variational Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.019%−$2 on $10k

Price spread, last 3 days (all we have)+0.024%+$2 · spread now −0.183%, 7d avg −0.109%

Together, before fees+0.005%+ Points / potential airdropVariational Omni: Active · farm board+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.074% cheaper against Variational Omni than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.109%. The two prices were read 45 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	227.45	0	get 0.0000% / 8h	41m 24s	$3.6M	$2.1M	—
Short	SunX NVDA-USDT	227.03	0	get 0.0000% / 8h	41m 24s	$2K	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.183%Rate

Funding earned: $0
Price spread: −0.183% → −0.109%: −$7.45
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$15.45
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; SunX: live order book, 7 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	2.79 bp	doesn't fit	5.9 bp −$59	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	21.99 bp	26.0 bp −$26	55.7 bp −$557	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	227.42	−0.012%	$482K	$587K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.48	+0.015%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.48	+0.015%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.42	−0.012%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDAlong	0.0000%	8h	227.45	long leg	$3.6M	$2.1M	—
GRVT NVDA_USDT_Perp	0.0000%	8h	227.56	+0.050%	$20K	$416K	10x	as long as short
SunX NVDA-USDTshort	0.0000%	8h	227.03	−0.183%	$2K	$3.9M	20x
HTX NVDA-USDT	0.0000%	8h	227.48	+0.015%	$198K	$524K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.62	+0.076%	$2.2M	$42K	10x	as long as short
Hotstuff NVDA-PERP	+0.0016%	1h	227.36	−0.038%	$35K	—	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0029%	1h	227.44	−0.003%	$118K	$55K	10x	as long as short
Bitget NVDAUSDT	+0.0045%	8h	227.53	+0.037%	$15.6M	$17.7M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.57	+0.054%	—	$74K	25x	as long as short
Binance NVDAUSDT	+0.0046%	8h	227.50	+0.025%	$156.3M	$220.2M	50x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.36	−0.038%	$147.4M	$48.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.38	−0.029%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.41	−0.016%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.40	−0.020%	$1.6M	$2.1M	15x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.51	+0.028%	$1.6M	$11.4M	10x	as long as short
Extended NVDA_24_5-USD	+0.0064%	1h	227.32	−0.053%	$536K	$446K	10x	as long as short
Nado NVDA-PERP	+0.0085%	1h	227.34	−0.046%	$484K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.48	+0.014%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.192%	$1.3M	$861K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.31	−0.060%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.51	+0.028%	$1.6M	$744K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.38	−0.029%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.50	+0.023%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.47	+0.010%	$94K	$112K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.33	−0.051%	$399K	$724K	20x	as long as short
BloFin NVDA-USDT	+0.0164%	8h	227.49	+0.019%	$713K	$204K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.72	+0.120%	$73K	$136	30x	as long as short
Lighter RH NVDA	+0.0240%	1h	227.63	+0.081%	$5.1M	$7.2M	20x	as long as short
Lighter NVDA	+0.0248%	1h	227.50	+0.025%	$2.1M	$3.3M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0278%	1h	227.50	+0.023%	$49K	$1.4M	10x	as long as short
edgeX NVDAUSDC	+0.0643%	4h	227.53	+0.035%	$170K	$1.9M	20x	as long as short