Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.006%

Price spread now: Variational Omni against Extended+0.027%7-day average +0.040% · you sell dearer than you buy

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.027%, 7d avg +0.040%

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

The price spread sits at its 7-day average of +0.040%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NVDA_24_5-USD	227.26	0.0032	pay 0.0004% / 1h	19m 01s	$535K	$447K	10x
Short	Variational Omni NVDA	227.32	0	get 0.0000% / 8h	19m 01s	$3.6M	$1.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now +0.027%Rate

Funding earned: −$6.72
Price spread: +0.027% → +0.040%: −$1.33
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$13.05
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 59 min ago; Variational Omni: RFQ quote, just now. 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 Extended live order book, 59 min ago	0.22 bp	4.4 bp −$4	26.8 bp −$268	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, just now	2.81 bp	doesn't fit	4.2 bp −$42	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	227.39	+0.055%	$482K	$587K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.39	+0.055%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.44	+0.077%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.36	+0.042%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDAshort	0.0000%	8h	227.32	+0.027%	$3.6M	$1.9M	—
GRVT NVDA_USDT_Perp	0.0000%	8h	227.38	+0.051%	$21K	$412K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.90	−0.160%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.44	+0.077%	$198K	$521K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.43	+0.073%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0026%	1h	227.20	−0.030%	$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
Bitget NVDAUSDT	+0.0031%	8h	227.46	+0.086%	$15.5M	$17.6M	100x	as long as short
Extended NVDA_24_5-USDlong	+0.0032%	1h	227.26	long leg	$535K	$447K	10x
Binance NVDAUSDT	+0.0036%	8h	227.44	+0.079%	$156.3M	$219.4M	50x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.47	+0.091%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.27	+0.003%	$147.9M	$48.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.30	+0.016%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.25	−0.006%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.16	−0.046%	$1.6M	$2.1M	15x	as long as short
Hotstuff NVDA-PERP	+0.0056%	1h	227.23	−0.015%	$35K	—	20x	as long as short
Nado NVDA-PERP	+0.0059%	1h	227.26	0.000%	$483K	$229K	20x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.37	+0.047%	$1.6M	$11.5M	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.40	+0.061%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.112%	$1.3M	$845K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.24	−0.011%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.42	+0.069%	$1.6M	$743K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.30	+0.016%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.34	+0.033%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.28	+0.007%	$93K	$112K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.22	−0.019%	$399K	$724K	20x	as long as short
BloFin NVDA-USDT	+0.0143%	8h	227.37	+0.047%	$715K	$205K	20x	as long as short
Lighter RH NVDA	+0.0200%	1h	227.56	+0.130%	$5.1M	$7.2M	20x	as long as short
Lighter NVDA	+0.0208%	1h	227.44	+0.079%	$2.2M	$3.3M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.65	+0.170%	$73K	$139	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0234%	1h	227.38	+0.051%	$49K	$1.4M	10x	as long as short
edgeX NVDAUSDC	+0.0475%	4h	227.34	+0.032%	$170K	$1.9M	20x	as long as short