Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0508%/8h= −55.7% APRpaid last 24h −0.096%

Price spread now: Variational Omni against edgeX+0.010%104s7-day average +0.025% · you sell dearer than you buy

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

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.513%−$51 on $10k

Price spread, last 7 days−0.011%−$1 · spread now +0.010%, 7d avg +0.025%

Together, before fees−0.524%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board−$52 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate. The two prices were read 104 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	226.29	0.0524	pay 0.0262% / 4h	1h 29m	$170K	$1.9M	20x
Short	Variational Omni NVDA	226.32	0.0016	get 0.0016% / 8h	1h 29m	$3.5M	$2.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational 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 Variational OmnibpOrdersPrice spread, now +0.010%Rate

Funding earned: −$106.73
Price spread: +0.010% → +0.025%: −$1.52
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$117.25
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 4 min ago; Variational Omni: RFQ quote, 4 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 edgeX live order book, 4 min ago	3.31 bp	8.2 bp −$8	12.5 bp −$125	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.81 bp	doesn't fit	5.5 bp −$55	doesn't fit	doesn't fit

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	226.43	+0.059%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.41	+0.052%	$12.4M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.38	+0.039%	$14.1M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.40	+0.047%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.45	+0.070%	$15.2M	$16.0M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.34	+0.021%	$21K	$420K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.03	−0.116%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.46	+0.074%	$198K	$452K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.60	+0.136%	$2.2M	$42K	10x	as long as short
Variational Omni NVDAshort	+0.0016%	8h	226.32	+0.010%	$3.5M	$2.2M	—

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0017%	1h	226.15	−0.062%	$117K	$51K	10x	as long as short
Hotstuff NVDA-PERP	+0.0032%	1h	226.17	−0.054%	$35K	—	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.25	−0.019%	$398K	$729K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.45	+0.070%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.26	−0.014%	$147.0M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.34	+0.021%	$391K	$285K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.23	−0.028%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.08	−0.094%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.37	+0.034%	$1.3M	$9.1M	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0059%	1h	226.32	+0.012%	$53K	$1.8M	10x	as long as short
Lighter NVDA	+0.0080%	1h	226.38	+0.039%	$2.1M	$3.3M	20x	as long as short
Binance NVDAUSDT	+0.0085%	8h	226.44	+0.066%	$154.4M	$217.9M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.20	−0.040%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.33	+0.016%	$1.6M	$744K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.16	−0.059%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.35	+0.025%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.37	+0.034%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.26	−0.014%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.001%	$1.3M	$733K	10x	as long as short
Lighter RH NVDA	+0.0128%	1h	226.52	+0.100%	$5.0M	$6.9M	20x	as long as short
Nado NVDA-PERP	+0.0130%	1h	226.25	−0.017%	$481K	$224K	20x	as long as short
BloFin NVDA-USDT	+0.0206%	8h	226.44	+0.065%	$714K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.67	+0.167%	$73K	$138	30x	as long as short
Extended NVDA_24_5-USD	+0.0440%	1h	226.22	−0.032%	$667K	$761K	10x	as long as short
edgeX NVDAUSDClong	+0.0524%	4h	226.29	long leg	$170K	$1.9M	20x