Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.023%

Price spread now: BloFin against ApeX Omni+0.106%103s7-day average — · you sell dearer than you buy

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

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.106% dearer against ApeX Omni than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 103 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	ApeX Omni NVDAUSDT	226.19	0.0100	pay 0.0013% / 1h	23m 29s	$16K	$44K	50x
Short	BloFin NVDA-USDT	226.43	0.0199	get 0.0199% / 8h	2h 23m	$716K	$191K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against ApeX 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 ApeX OmnibpFee BloFinbpOrdersPrice spread, now +0.106%Rate

Funding earned: $20.81
Price spread: +0.106% → 0.000%: $10.61
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $9.42
Costs to cover: 0.220%
Break-even: 3.8 days

Slippage unknown: ApeX Omni: no order-book sample; BloFin: live order book, 3 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 ApeX Omni no order-book sample	—	—	—	—	—
Sell BloFin live order book, 3 min ago	0.44 bp	7.3 bp −$7	8.6 bp −$86	17.2 bp −$1,718	doesn't fit

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 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
Hotstuff NVDA-PERP	−0.0064%	1h	226.33	+0.062%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	226.43	+0.105%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.38	+0.084%	$12.5M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.38	+0.084%	$14.2M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.36	+0.075%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.44	+0.111%	$15.2M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.42	+0.104%	$22K	$410K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.20	+0.004%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.55	+0.159%	$198K	$459K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.56	+0.164%	$2.2M	$43K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0004%	8h	226.34	+0.065%	$3.6M	$2.1M	—	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	226.34	+0.064%	$117K	$52K	10x	as long as short
Lighter NVDA	+0.0040%	1h	226.39	+0.089%	$2.1M	$3.4M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.34	+0.066%	$398K	$728K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.34	+0.066%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.51	+0.141%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.26	+0.031%	$146.9M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.37	+0.080%	$398K	$278K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.31	+0.053%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.19	0.000%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0078%	1h	226.31	+0.055%	$481K	$227K	20x	as long as short
Binance NVDAUSDT	+0.0080%	8h	226.43	+0.106%	$154.4M	$218.3M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.30	+0.050%	$297K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.43	+0.106%	$1.6M	$739K	20x	as long as short
ApeX Omni NVDAUSDTlong	+0.0100%	1h	226.19	long leg	$16K	$44K	50x
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.44	+0.111%	$36K	$21K	20x	as long as short
Lighter RH NVDA	+0.0104%	1h	226.52	+0.146%	$5.1M	$7.1M	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.46	+0.121%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.27	+0.035%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.29	+0.044%	$1.3M	$789K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0148%	1h	226.39	+0.088%	$52K	$1.8M	10x	as long as short
BloFin NVDA-USDTshort	+0.0199%	8h	226.43	+0.106%	$716K	$191K	20x
Injective NVDA/USDC PERP	+0.0220%	1h	226.71	+0.230%	$73K	$138	30x	as long as short
Extended NVDA_24_5-USD	+0.0336%	1h	226.23	+0.018%	$668K	$766K	10x	as long as short
edgeX NVDAUSDC	+0.0908%	4h	226.31	+0.053%	$170K	$1.9M	20x	as long as short