Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h −0.050%

Price spread now: ApeX Omni against edgeX−0.046%7-day average — · you buy dearer than you sell

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

Long on edgeX Short on ApeX Omni

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. ApeX Omni is 0.046% cheaper against edgeX than usual: you would sell low and buy high (spread −0.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 8.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NVDAUSDC	226.27	0.0081	pay 0.0040% / 4h	3h 37m	$171K	$1.9M	20x
Short	ApeX Omni NVDAUSDT	226.17	0.0100	get 0.0013% / 1h	37m 14s	$16K	$44K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against edgeX. 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 edgeXbpFee ApeX OmnibpOrdersPrice spread, now −0.046%Rate

Funding earned: $4.03
Price spread: −0.046% → 0.000%: −$4.63
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$19.6
Costs to cover: 0.190%
Break-even: 41.1 days

Slippage unknown: edgeX: live order book, 2 min ago; ApeX Omni: 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 edgeX live order book, 2 min ago	3.54 bp	8.4 bp −$8	12.7 bp −$127	doesn't fit	doesn't fit
Sell ApeX Omni no order-book sample	—	—	—	—	—

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
Bybit NVDAUSDT	0.0000%	8h	226.17	−0.046%	$12.5M	$14.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.21	−0.029%	$14.1M	$20.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.18	−0.042%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.26	−0.007%	$15.8M	$16.1M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.29	+0.007%	$21K	$428K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.93	−0.152%	$2K	$3.5M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.16	−0.051%	$53K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.31	+0.016%	$198K	$437K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.48	+0.091%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	226.09	−0.083%	$117K	$52K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter NVDA	+0.0032%	1h	226.17	−0.048%	$2.1M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0032%	1h	226.33	+0.024%	$5.1M	$7.0M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.10	−0.077%	$644K	$872K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.20	−0.033%	$392K	$736K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.37	+0.042%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.09	−0.082%	$146.8M	$43.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.09	−0.082%	$391K	$240K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.08	−0.086%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.03	−0.108%	$1.6M	$1.9M	15x	as long as short
Nado NVDA-PERP	+0.0057%	1h	226.12	−0.069%	$480K	$222K	20x	as long as short
Hotstuff NVDA-PERP	+0.0064%	1h	226.09	−0.082%	$35K	—	20x	as long as short
QFEX NVDA-USD	+0.0072%	1h	226.26	−0.007%	$1.3M	$9.0M	10x	as long as short
Aster NVDAUSDT	+0.0074%	8h	226.24	−0.014%	$481K	$538K	20x	as long as short
edgeX NVDAUSDClong	+0.0081%	4h	226.27	long leg	$171K	$1.9M	20x
Pacifica NVDA	+0.0100%	1h	226.06	−0.095%	$297K	$50K	10x	as long as short
ApeX Omni NVDAUSDTshort	+0.0100%	1h	226.17	−0.046%	$16K	$44K	50x
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.19	−0.037%	$36K	$20K	20x	as long as short
Variational Omni NVDA	+0.0103%	8h	226.23	−0.021%	$3.2M	$2.5M	—	as long as short
KuCoin NVDAUSDTM	+0.0105%	8h	226.26	−0.007%	$1.6M	$939K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.23	−0.021%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.29	+0.007%	$1.3M	$687K	10x	as long as short
Binance NVDAUSDT	+0.0159%	8h	226.23	−0.020%	$154.9M	$220.9M	50x	as long as short
Phoenix NVDA	+0.0212%	1h	226.13	−0.064%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.97	+0.307%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0279%	8h	226.29	+0.007%	$715K	$197K	20x	as long as short