Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h 0.000%

Price spread now: Variational Omni against Aftermath Perps+0.021%7-day average +0.044% · you sell dearer than you buy

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

Long on Aftermath Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.123%+$12 on $10k

Price spread, last 4 days (all we have)+0.094%+$9 · spread now +0.021%, 7d avg +0.044%

Together, before fees+0.217%+ Points / potential airdropVariational Omni: Active · farm board+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.023% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread +0.021% now, against its 7-day average of +0.044%). If the spread goes back, that is −$2 on $10k: about 19 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps NVDAUSD	227.28	0.0013	pay 0.0002% / 1h	53m 16s	$118K	$52K	10x
Short	Variational Omni NVDA	227.33	0.0110	get 0.0110% / 8h	5h 53m	$3.3M	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aftermath Perps. 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 Aftermath PerpsbpFee Variational OmnibpOrdersPrice spread, now +0.021%Rate

Funding earned: $20.41
Price spread: +0.021% → +0.044%: −$2.34
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $9.07
Costs to cover: 0.090%
Break-even: 3.9 days

Slippage unknown: Aftermath Perps: live order book, 58 min ago; Variational Omni: RFQ quote, 4 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 Aftermath Perps live order book, 58 min ago	3.65 bp	14.2 bp −$14	26.9 bp −$269	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.79 bp	doesn't fit	3.5 bp −$35	doesn't fit	doesn't fit

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	225.99	−0.568%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.50	+0.097%	$12.8M	$15.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.47	+0.083%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.40	+0.053%	$7.2M	$9.1M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.53	+0.110%	$15.6M	$16.1M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.03	−0.110%	$3K	$3.4M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.33	+0.022%	$16K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.49	+0.092%	$199K	$400K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.52	+0.105%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSDlong	+0.0013%	1h	227.28	long leg	$118K	$52K	10x

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NVDA_USDT_Perp	+0.0016%	8h	227.44	+0.070%	$20K	$432K	10x	as long as short
Lighter NVDA	+0.0032%	1h	227.43	+0.066%	$2.1M	$3.1M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.27	−0.003%	$613K	$939K	10x	as long as short
Aster NVDAUSDT	+0.0035%	8h	227.30	+0.010%	$484K	$566K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.40	+0.053%	$1.3M	$9.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.59	+0.136%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.35	+0.031%	$148.8M	$45.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.36	+0.035%	$392K	$242K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.34	+0.026%	$59K	$16K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.19	−0.040%	$1.5M	$1.9M	15x	as long as short
Lighter RH NVDA	+0.0088%	1h	227.59	+0.136%	$5.1M	$7.1M	20x	as long as short
Nado NVDA-PERP	+0.0095%	1h	227.37	+0.037%	$478K	$210K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.31	+0.013%	$298K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.25	−0.013%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.40	+0.053%	$36K	$19K	20x	as long as short
Variational Omni NVDAshort	+0.0110%	8h	227.33	+0.021%	$3.3M	$2.4M	—
Aevo NVDA-PERP	+0.0120%	1h	227.45	+0.074%	—	—	10x	as long as short
KuCoin NVDAUSDTM	+0.0131%	8h	227.38	+0.044%	$1.6M	$1.3M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.45	−0.365%	$1.3M	$657K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.26	−0.009%	$93K	$82K	20x	as long as short
Binance NVDAUSDT	+0.0164%	8h	227.49	+0.091%	$156.0M	$224.7M	50x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.53	+0.110%	$73K	$135	30x	as long as short
BloFin NVDA-USDT	+0.0284%	8h	227.47	+0.083%	$727K	$203K	20x	as long as short
Arcus NVDA-USD	+0.0320%	1h	227.39	+0.048%	$384K	$704K	20x	as long as short
edgeX NVDAUSDC	+0.0597%	4h	227.32	+0.018%	$171K	$1.9M	20x	as long as short