Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.013%

Price spread now: ApeX Omni against OKX−0.092%7-day average — · you buy dearer than you sell

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

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. ApeX Omni is 0.092% cheaper against OKX than usual: you would sell low and buy high (spread −0.092% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NVDA-USDT-SWAP	227.79	0	get 0.0000% / 8h	7h 47m	$14.4M	$20.7M	50x
Short	ApeX Omni NVDAUSDT	227.58	0.0100	get 0.0013% / 1h	47m 10s	$16K	$44K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now −0.092%Rate

Funding earned: $21
Price spread: −0.092% → 0.000%: −$9.22
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$8.22
Costs to cover: 0.200%
Break-even: 9.7 days

Slippage unknown: OKX: live order book, 1 min ago; ApeX Omni: 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 OKX live order book, 1 min ago	0.22 bp	5.4 bp −$5	7.4 bp −$74	17.4 bp −$1,739	doesn't fit
Sell ApeX Omni no order-book sample	—	—	—	—	—

ApeX Omni: 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
Aster NVDAUSDT	0.0000%	8h	227.61	−0.077%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.81	+0.009%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAPlong	0.0000%	8h	227.79	long leg	$14.4M	$20.7M	50x
Gate NVDA_USDT	0.0000%	8h	227.73	−0.026%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.71	−0.035%	$3.6M	$1.9M	—	as long as short
SunX NVDA-USDT	0.0000%	8h	227.34	−0.198%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	−0.136%	$197K	$515K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.84	+0.022%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.65	−0.063%	$118K	$56K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0027%	8h	227.75	−0.016%	$20K	$396K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	227.62	−0.075%	$535K	$447K	10x	as long as short
Binance NVDAUSDT	+0.0040%	8h	227.81	+0.009%	$156.5M	$218.6M	50x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.60	−0.083%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.76	−0.013%	$1.6M	$11.4M	10x	as long as short
Bitget NVDAUSDT	+0.0044%	8h	227.83	+0.018%	$15.5M	$17.0M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.87	+0.035%	—	$74K	25x	as long as short
edgeX NVDAUSDC	+0.0046%	4h	227.80	+0.004%	$171K	$1.9M	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.65	−0.061%	$148.1M	$46.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.73	−0.026%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.66	−0.057%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.61	−0.079%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0065%	1h	227.67	−0.054%	$484K	$229K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.145%	$1.3M	$804K	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.77	−0.008%	—	—	10x	as long as short
Hotstuff NVDA-PERP	+0.0096%	1h	227.66	−0.057%	$35K	—	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.64	−0.066%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDTshort	+0.0100%	1h	227.58	−0.092%	$16K	$44K	50x
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.76	−0.013%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.64	−0.066%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0121%	8h	227.75	−0.018%	$1.6M	$743K	20x	as long as short
Lighter NVDA	+0.0136%	1h	227.80	+0.003%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.91	+0.053%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0160%	8h	227.84	+0.022%	$716K	$207K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0189%	1h	227.73	−0.026%	$49K	$1.4M	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.89	+0.044%	$73K	$135	30x	as long as short