Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.027%

Price spread now: Ondo Perps against Bybit−0.048%7-day average −0.105% · you buy dearer than you sell

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

Long on Bybit Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 7 days−0.021%−$2 · spread now −0.048%, 7d avg −0.105%

Together, before fees+0.010%+ Points / potential airdropOndo Perps: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.057% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.105%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NVDAUSDT	227.48	0	get 0.0000% / 8h	1h 24m	$12.7M	$15.6M	100x
Short	Ondo Perps NVDA-USD.P	227.37	0.0050	get 0.0006% / 1h	24m 14s	$1.6M	$2.1M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bybit. 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 BybitbpFee Ondo PerpsbpOrdersPrice spread, now −0.048%Rate

Funding earned: $10.58
Price spread: −0.048% → −0.105%: $5.67
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $0.25
Costs to cover: 0.160%
Break-even: 6.8 days

Slippage unknown: Bybit: live order book, 4 min ago; Ondo Perps: 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 Bybit live order book, 4 min ago	0.22 bp	6.6 bp −$7	9.8 bp −$98	51.7 bp −$5,168	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	227.49	+0.004%	$474K	$578K	20x	as long as short
Bybit NVDAUSDTlong	0.0000%	8h	227.48	long leg	$12.7M	$15.6M	100x
OKX NVDA-USDT-SWAP	0.0000%	8h	227.47	−0.004%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.43	−0.022%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.50	+0.007%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.52	+0.019%	$20K	$435K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.03	−0.198%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.52	+0.018%	$198K	$529K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.51	+0.013%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.49	+0.005%	$118K	$55K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NVDAUSDT	+0.0014%	8h	227.50	+0.009%	$156.3M	$220.8M	50x	as long as short
Hotstuff NVDA-PERP	+0.0024%	1h	227.31	−0.075%	$35K	—	20x	as long as short
Bitget NVDAUSDT	+0.0024%	8h	227.52	+0.018%	$15.6M	$17.8M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.30	−0.081%	$536K	$445K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.47	−0.004%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.55	+0.031%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.32	−0.070%	$147.3M	$49.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.38	−0.044%	$401K	$290K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.33	−0.066%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.Pshort	+0.0050%	1h	227.37	−0.048%	$1.6M	$2.1M	15x
BloFin NVDA-USDT	+0.0052%	8h	227.49	+0.004%	$714K	$204K	20x	as long as short
Phoenix NVDA	+0.0070%	1h	227.34	−0.062%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.49	+0.004%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0092%	1h	227.34	−0.062%	$484K	$227K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.207%	$1.3M	$888K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.32	−0.070%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.52	+0.018%	$1.6M	$754K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.33	−0.066%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.46	−0.009%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.42	−0.026%	$49K	$1.5M	10x	as long as short
Lighter RH NVDA	+0.0152%	1h	227.64	+0.070%	$5.1M	$7.2M	20x	as long as short
Lighter NVDA	+0.0176%	1h	227.52	+0.019%	$2.1M	$3.3M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.08	+0.264%	$73K	$137	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.32	−0.070%	$400K	$723K	20x	as long as short
edgeX NVDAUSDC	+0.0745%	4h	227.50	+0.011%	$170K	$1.9M	20x	as long as short