Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.002%

Price spread now: Ondo Perps against OKX−0.031%48s7-day average −0.113% · you buy dearer than you sell

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

Long on OKX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 7 days−0.108%−$11 · spread now −0.031%, 7d avg −0.113%

Together, before fees−0.160%+ Points / potential airdropOndo Perps: Active · farm board−$16 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 0.083% dearer against OKX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.113%. Mind the row above: over the last 7 days funding on this pair cost −0.052%, so the current rate has only just turned in your favour. The two prices were read 48 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	OKX NVDA-USDT-SWAP	227.77	0	get 0.0000% / 8h	6h 57m	$14.4M	$20.5M	50x
Short	Ondo Perps NVDA-USD.P	227.70	0.0050	get 0.0006% / 1h	57m 54s	$1.5M	$2.1M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.031%Rate

Funding earned: $10.58
Price spread: −0.031% → −0.113%: $8.27
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $3.85
Costs to cover: 0.150%
Break-even: 4.5 days

Slippage unknown: OKX: live order book, 1 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 OKX live order book, 1 min ago	0.22 bp	5.4 bp −$5	7.5 bp −$75	24.5 bp −$2,451	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
Bybit NVDAUSDT	0.0000%	8h	227.79	+0.009%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAPlong	0.0000%	8h	227.77	long leg	$14.4M	$20.5M	50x
Gate NVDA_USDT	0.0000%	8h	227.73	−0.018%	$7.2M	$9.5M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.31	−0.202%	$2K	$3.8M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.76	−0.004%	$49K	$1.5M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.82	+0.022%	$198K	$505K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.88	+0.048%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0003%	8h	227.80	+0.014%	$484K	$582K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.85	+0.033%	$118K	$55K	10x	as long as short
Variational Omni NVDA	+0.0019%	8h	227.86	+0.037%	$3.5M	$1.9M	—	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	227.66	−0.050%	$681K	$688K	10x	as long as short
Bitget NVDAUSDT	+0.0034%	8h	227.84	+0.031%	$15.4M	$16.8M	100x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.71	−0.026%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.83	+0.026%	$1.5M	$10.7M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.95	+0.079%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.66	−0.048%	$148.1M	$46.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.78	+0.004%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.68	−0.040%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.Pshort	+0.0050%	1h	227.70	−0.031%	$1.5M	$2.1M	15x
Nado NVDA-PERP	+0.0065%	1h	227.73	−0.019%	$484K	$229K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.136%	$1.3M	$798K	10x	as long as short
Lighter RH NVDA	+0.0080%	1h	227.94	+0.075%	$5.1M	$7.0M	20x	as long as short
Hotstuff NVDA-PERP	+0.0080%	1h	227.69	−0.035%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0088%	8h	227.80	+0.013%	$156.4M	$216.9M	50x	as long as short
Lighter NVDA	+0.0096%	1h	227.80	+0.014%	$2.2M	$3.2M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.71	−0.026%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.74	−0.013%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.80	+0.013%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.80	+0.014%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	227.75	−0.009%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0144%	8h	227.87	+0.044%	$1.6M	$735K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0182%	8h	227.92	+0.066%	$20K	$392K	10x	as long as short
BloFin NVDA-USDT	+0.0208%	8h	227.88	+0.048%	$720K	$205K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.20	+0.189%	$73K	$133	30x	as long as short
edgeX NVDAUSDC	+0.0342%	4h	227.88	+0.047%	$170K	$1.9M	20x	as long as short