Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0027%/8h= −3.0% APRpaid last 24h +0.041%

Price spread now: Variational Omni against Hotstuff+0.081%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.081% dearer against Hotstuff than usual: you sell high and buy low (spread +0.081% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff NVDA-PERP	226.93	0.0064	pay 0.0008% / 1h	24m 03s	$35K	—	20x
Short	Variational Omni NVDA	227.11	0.0037	get 0.0037% / 8h	3h 24m	$3.6M	$2.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Hotstuff. 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 HotstuffbpFee Variational OmnibpOrdersPrice spread, now +0.081%Rate

Funding earned: −$5.68
Price spread: +0.081% → 0.000%: $8.06
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$2.62
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Hotstuff: no order-book sample; Variational Omni: RFQ quote, 5 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 5 min ago	2.79 bp	doesn't fit	5.2 bp −$52	doesn't fit	doesn't fit

Hotstuff: 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	227.04	+0.048%	$12.6M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.03	+0.044%	$14.3M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.00	+0.031%	$7.3M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.08	+0.066%	$15.4M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.27	+0.148%	$20K	$394K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.68	−0.110%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.95	+0.009%	$49K	$1.7M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.26	+0.145%	$197K	$462K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.27	+0.150%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0011%	8h	227.09	+0.073%	$482K	$569K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0011%	1h	227.07	+0.062%	$118K	$53K	10x	as long as short
Lighter NVDA	+0.0032%	1h	227.02	+0.038%	$2.1M	$3.3M	20x	as long as short
Variational Omni NVDAshort	+0.0037%	8h	227.11	+0.081%	$3.6M	$2.2M	—
Arcus NVDA-USD	+0.0040%	1h	227.08	+0.066%	$398K	$738K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.04	+0.048%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.20	+0.119%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.91	−0.009%	$147.5M	$43.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.04	+0.048%	$400K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.94	+0.004%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.03	+0.044%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0053%	1h	227.01	+0.037%	$483K	$227K	20x	as long as short
Hotstuff NVDA-PERPlong	+0.0064%	1h	226.93	long leg	$35K	—	20x
Binance NVDAUSDT	+0.0097%	8h	227.06	+0.057%	$155.6M	$216.3M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.02	+0.042%	$298K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.10	+0.075%	$1.6M	$728K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.07	+0.062%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.99	+0.026%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.04	+0.047%	—	—	10x	as long as short
Lighter RH NVDA	+0.0128%	1h	227.18	+0.110%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	227.11	+0.079%	$1.3M	$782K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.02	+0.040%	$93K	$112K	20x	as long as short
Extended NVDA_24_5-USD	+0.0176%	1h	226.89	−0.015%	$672K	$780K	10x	as long as short
BloFin NVDA-USDT	+0.0218%	8h	227.15	+0.097%	$718K	$201K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.52	+0.260%	$73K	$138	30x	as long as short
edgeX NVDAUSDC	+0.0414%	4h	227.23	+0.132%	$170K	$1.9M	20x	as long as short