Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.016%

Price spread now: Orderly against Vest−0.057%7-day average — · you buy dearer than you sell

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

Long on Vest Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Orderly is 0.057% cheaper against Vest than usual: you would sell low and buy high (spread −0.057% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 3.5 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NVDA-USD-PERP	227.74	0.0046	pay 0.0006% / 1h	5m 49s	—	$74K	25x
Short	Orderly PERP_NVDA_USDC	227.61	0.0100	get 0.0100% / 8h	4h 05m	$36K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Vest. 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 VestbpFee OrderlybpOrdersPrice spread, now −0.057%Rate

Funding earned: $11.41
Price spread: −0.057% → 0.000%: −$5.71
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$2.3
Costs to cover: 0.080%
Break-even: 8.4 days

Slippage unknown: Vest: no order-book sample; Orderly: 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 Vest no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Vest and Orderly: 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
Bybit NVDAUSDT	0.0000%	8h	227.62	−0.053%	$12.7M	$14.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.61	−0.057%	$14.4M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.57	−0.075%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.66	−0.035%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.24	−0.220%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.52	−0.097%	$49K	$1.6M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	−0.044%	$198K	$467K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.61	−0.057%	$2.2M	$43K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0013%	8h	227.60	−0.061%	$20K	$391K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.44	−0.132%	$118K	$54K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NVDA-PERP	+0.0024%	1h	227.50	−0.105%	$35K	—	20x	as long as short
Aster NVDAUSDT	+0.0029%	8h	227.67	−0.030%	$483K	$590K	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.51	−0.101%	$399K	$741K	20x	as long as short
Vest NVDA-USD-PERPlong	+0.0046%	1h	227.74	long leg	—	$74K	25x
tradeXYZ xyz:NVDA	+0.0050%	1h	227.49	−0.110%	$147.9M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.58	−0.070%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.51	−0.101%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.33	−0.180%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.58	−0.070%	$1.3M	$9.2M	10x	as long as short
Variational Omni NVDA	+0.0061%	8h	227.61	−0.059%	$3.5M	$2.1M	—	as long as short
Nado NVDA-PERP	+0.0068%	1h	227.52	−0.095%	$484K	$228K	20x	as long as short
Lighter NVDA	+0.0072%	1h	227.60	−0.063%	$2.2M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.49	−0.108%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.45	−0.127%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDCshort	+0.0100%	8h	227.61	−0.057%	$36K	$21K	20x
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	−0.092%	$1.3M	$775K	10x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.62	−0.054%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0114%	8h	227.63	−0.047%	$156.2M	$215.8M	50x	as long as short
KuCoin NVDAUSDTM	+0.0127%	8h	227.63	−0.048%	$1.6M	$723K	20x	as long as short
Phoenix NVDA	+0.0141%	1h	227.49	−0.110%	$94K	$112K	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.75	+0.004%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.075%	$73K	$139	30x	as long as short
BloFin NVDA-USDT	+0.0235%	8h	227.61	−0.057%	$722K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0320%	1h	227.46	−0.123%	$669K	$757K	10x	as long as short
edgeX NVDAUSDC	+0.0644%	4h	227.56	−0.078%	$171K	$1.9M	20x	as long as short