Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.011%

Price spread now: Variational Omni against ApeX Omni+0.075%7-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 Variational Omni

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 airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.075% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.075% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni NVDAUSDT	227.54	0.0100	pay 0.0013% / 1h	50m 54s	$16K	$44K	50x
Short	Variational Omni NVDA	227.71	0	get 0.0000% / 8h	7h 50m	$3.6M	$1.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.075%Rate

Funding earned: −$21
Price spread: +0.075% → 0.000%: $7.46
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$23.54
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: ApeX Omni: no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 3 min ago	2.79 bp	doesn't fit	3.2 bp −$32	doesn't fit	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
Aster NVDAUSDT	0.0000%	8h	227.60	+0.028%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.73	+0.084%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.71	+0.075%	$14.4M	$20.7M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.64	+0.044%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDAshort	0.0000%	8h	227.71	+0.075%	$3.6M	$1.9M	—
GRVT NVDA_USDT_Perp	0.0000%	8h	227.66	+0.053%	$20K	$406K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.27	−0.119%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	−0.026%	$197K	$516K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.73	+0.084%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.47	−0.031%	$118K	$56K	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	227.62	+0.033%	$535K	$447K	10x	as long as short
Bitget NVDAUSDT	+0.0032%	8h	227.74	+0.088%	$15.5M	$17.1M	100x	as long as short
Binance NVDAUSDT	+0.0036%	8h	227.76	+0.097%	$156.4M	$218.7M	50x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.53	−0.004%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.69	+0.066%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.84	+0.132%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.59	+0.022%	$148.0M	$46.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.68	+0.062%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.57	+0.013%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.46	−0.035%	$1.6M	$2.0M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.65	+0.048%	$49K	$1.4M	10x	as long as short
Nado NVDA-PERP	+0.0058%	1h	227.66	+0.054%	$484K	$229K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.035%	$1.3M	$823K	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.67	+0.056%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.58	+0.018%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDTlong	+0.0100%	1h	227.54	long leg	$16K	$44K	50x
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.70	+0.070%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.65	+0.048%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0118%	8h	227.70	+0.070%	$1.6M	$743K	20x	as long as short
Lighter NVDA	+0.0120%	1h	227.75	+0.092%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0120%	1h	227.87	+0.145%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0146%	8h	227.77	+0.101%	$714K	$205K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.89	+0.154%	$73K	$135	30x	as long as short
Hotstuff NVDA-PERP	+0.0232%	1h	227.64	+0.044%	$35K	—	20x	as long as short
edgeX NVDAUSDC	+0.0364%	4h	227.63	+0.040%	$170K	$1.9M	20x	as long as short