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 +0.033%

Price spread now: Ondo Perps against Gate−0.057%7-day average −0.090% · you buy dearer than you sell

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

Long on Gate Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.145%+$15 on $10k

Price spread, last 7 days−0.009%−$1 · spread now −0.057%, 7d avg −0.090%

Together, before fees+0.136%+ Points / potential airdropOndo Perps: Active · farm board+$14 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 0.033% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NVDA_USDT	227.17	0	get 0.0000% / 8h	1h 46m	$7.2M	$9.5M	100x
Short	Ondo Perps NVDA-USD.P	227.04	0.0050	get 0.0006% / 1h	46m 37s	$1.6M	$2.1M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Gate. 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 GatebpFee Ondo PerpsbpOrdersPrice spread, now −0.057%Rate

Funding earned: $10.58
Price spread: −0.057% → −0.090%: $3.29
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$6.13
Costs to cover: 0.200%
Break-even: 11.1 days

Slippage unknown: Gate: 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 Gate live order book, 2 min ago	0.22 bp	11.7 bp −$12	21.3 bp −$213	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
Hotstuff NVDA-PERP	−0.0024%	1h	227.06	−0.048%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.19	+0.008%	$474K	$550K	20x	as long as short
Binance NVDAUSDT	0.0000%	8h	227.26	+0.040%	$156.2M	$220.6M	50x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.21	+0.018%	$12.6M	$15.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.21	+0.018%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDTlong	0.0000%	8h	227.17	long leg	$7.2M	$9.5M	100x
Variational Omni NVDA	0.0000%	8h	227.25	+0.033%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.27	+0.044%	$20K	$452K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.86	−0.136%	$3K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.31	+0.062%	$202K	$524K	30x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NVDAUSDT	0.0000%	4h	227.28	+0.048%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.16	−0.006%	$118K	$55K	10x	as long as short
Bitget NVDAUSDT	+0.0023%	8h	227.23	+0.026%	$15.6M	$18.2M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.06	−0.050%	$522K	$409K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.20	+0.013%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.31	+0.062%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.07	−0.044%	$147.1M	$50.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.13	−0.018%	$390K	$281K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.09	−0.035%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.Pshort	+0.0050%	1h	227.04	−0.057%	$1.6M	$2.1M	15x
Nado NVDA-PERP	+0.0055%	1h	227.09	−0.036%	$487K	$225K	20x	as long as short
Phoenix NVDA	+0.0070%	1h	227.11	−0.026%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.19	+0.010%	—	—	10x	as long as short
Lighter RH NVDA	+0.0088%	1h	227.36	+0.084%	$4.9M	$7.0M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.070%	$1.3M	$911K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.07	−0.045%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.24	+0.031%	$1.6M	$753K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.16	−0.004%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.20	+0.013%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.14	−0.013%	$49K	$1.5M	10x	as long as short
BloFin NVDA-USDT	+0.0120%	8h	227.27	+0.044%	$714K	$205K	20x	as long as short
Lighter NVDA	+0.0128%	1h	227.25	+0.037%	$2.1M	$3.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.63	+0.202%	$73K	$135	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.11	−0.026%	$388K	$709K	20x	as long as short
edgeX NVDAUSDC	+0.0498%	4h	227.24	+0.033%	$170K	$1.9M	20x	as long as short