Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0494%/8h= −54.0% APRpaid last 24h −0.100%

Price spread now: Ondo Perps against edgeX−0.072%54s7-day average −0.073% · you buy dearer than you sell

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

Long on edgeX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.843%−$84 on $10k

Price spread, last 7 days+0.060%+$6 · spread now −0.072%, 7d avg −0.073%

Together, before fees−0.783%+ Points / potential airdropedgeX: Active · Ondo Perps: Active · farm board−$78 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.073%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate. The two prices were read 54 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	edgeX NVDAUSDC	226.32	0.0544	pay 0.0272% / 4h	1h 42m	$170K	$1.9M	20x
Short	Ondo Perps NVDA-USD.P	226.16	0.0050	get 0.0006% / 1h	42m 21s	$1.6M	$2.0M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$103.64
Price spread: −0.072% → −0.073%: $0.06
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$117.58
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 2 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 edgeX live order book, 2 min ago	3.31 bp	8.2 bp −$8	12.5 bp −$125	doesn't fit	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
Bybit NVDAUSDT	0.0000%	8h	226.33	+0.003%	$12.4M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.33	+0.003%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.28	−0.019%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.35	+0.011%	$15.2M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.42	+0.042%	$21K	$423K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.97	−0.156%	$3K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.58	+0.113%	$198K	$454K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.70	+0.166%	$2.2M	$42K	10x	as long as short
Aster NVDAUSDT	+0.0003%	8h	226.38	+0.024%	$482K	$571K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0016%	1h	226.32	−0.001%	$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
Variational Omni NVDA	+0.0018%	8h	226.33	+0.001%	$3.6M	$2.1M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.32	−0.002%	$398K	$735K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.41	+0.038%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.19	−0.059%	$146.9M	$43.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.28	−0.019%	$398K	$279K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.22	−0.046%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.Pshort	+0.0050%	1h	226.16	−0.072%	$1.6M	$2.0M	15x
QFEX NVDA-USD	+0.0056%	1h	226.33	+0.003%	$1.3M	$9.1M	10x	as long as short
Binance NVDAUSDT	+0.0089%	8h	226.33	+0.003%	$154.3M	$219.2M	50x	as long as short
Lighter NVDA	+0.0096%	1h	226.30	−0.012%	$2.1M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.19	−0.058%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.37	+0.020%	$1.6M	$749K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.18	−0.064%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.30	−0.011%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.32	0.000%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.20	−0.055%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.015%	$1.3M	$789K	10x	as long as short
Hotstuff NVDA-PERP	+0.0128%	1h	226.18	−0.064%	$35K	—	20x	as long as short
Nado NVDA-PERP	+0.0151%	1h	226.18	−0.064%	$480K	$226K	20x	as long as short
Lighter RH NVDA	+0.0160%	1h	226.42	+0.042%	$5.0M	$6.9M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0192%	1h	226.27	−0.024%	$52K	$1.8M	10x	as long as short
BloFin NVDA-USDT	+0.0208%	8h	226.44	+0.051%	$716K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.01	+0.303%	$73K	$137	30x	as long as short
Extended NVDA_24_5-USD	+0.0456%	1h	226.13	−0.084%	$667K	$762K	10x	as long as short
edgeX NVDAUSDClong	+0.0544%	4h	226.32	long leg	$170K	$1.9M	20x