Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.010%

Price spread now: Bitget against Ondo Perps+0.167%7-day average +0.130% · you sell dearer than you buy

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

Long on Ondo Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 7 days+0.033%+$3 · spread now +0.167%, 7d avg +0.130%

Together, before fees+0.101%+ Points / potential airdropOndo Perps: Active · farm board+$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.038% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.167% now, against its 7-day average of +0.130%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.067%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NVDA-USD.P	227.37	0.0050	pay 0.0006% / 1h	6m 51s	$1.5M	$2.0M	15x
Short	Bitget NVDAUSDT	227.75	0	get 0.0000% / 8h	5h 06m	$15.7M	$15.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Ondo Perps. 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 Ondo PerpsbpFee BitgetbpOrdersPrice spread, now +0.167%Rate

Funding earned: −$10.58
Price spread: +0.167% → +0.130%: $3.76
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$23.83
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Bitget: live order book, 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	0.22 bp	7.2 bp −$7	9.4 bp −$94	doesn't fit	doesn't fit

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 exchanges

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	−0.1600%	1h	227.50	+0.057%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.73	+0.158%	$12.7M	$16.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.68	+0.136%	$14.5M	$20.7M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.65	+0.123%	$7.2M	$9.3M	100x	as long as short
Bitget NVDAUSDTshort	0.0000%	8h	227.75	+0.167%	$15.7M	$15.8M	100x
SunX NVDA-USDT	0.0000%	8h	227.29	−0.035%	$2K	$3.3M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.55	+0.079%	$16K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.51	+0.062%	$199K	$399K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.71	+0.150%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.41	+0.019%	$117K	$52K	10x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter NVDA	+0.0032%	1h	227.65	+0.124%	$2.1M	$3.2M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.52	+0.068%	$611K	$930K	10x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.59	+0.097%	$1.3M	$9.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.85	+0.211%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.58	+0.092%	$149.4M	$45.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.62	+0.110%	$392K	$212K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.57	+0.088%	$59K	$16K	10x	as long as short
Ondo Perps NVDA-USD.Plong	+0.0050%	1h	227.37	long leg	$1.5M	$2.0M	15x
Aster NVDAUSDT	+0.0057%	8h	227.62	+0.110%	$484K	$565K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0079%	8h	227.64	+0.119%	$20K	$418K	10x	as long as short
Nado NVDA-PERP	+0.0086%	1h	227.59	+0.098%	$479K	$208K	20x	as long as short
Lighter RH NVDA	+0.0088%	1h	227.81	+0.194%	$5.3M	$7.2M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.54	+0.074%	$299K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.53	+0.070%	$16K	$45K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.66	+0.128%	$36K	$19K	20x	as long as short
Aevo NVDA-PERP	+0.0128%	1h	227.65	+0.121%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	227.41	+0.018%	$1.3M	$672K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.55	+0.079%	$94K	$82K	20x	as long as short
Variational Omni NVDA	+0.0147%	8h	227.58	+0.092%	$3.3M	$2.4M	—	as long as short
KuCoin NVDAUSDTM	+0.0156%	8h	227.65	+0.123%	$1.6M	$1.5M	20x	as long as short
Binance NVDAUSDT	+0.0193%	8h	227.71	+0.150%	$155.8M	$224.9M	50x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.74	+0.163%	$73K	$140	30x	as long as short
BloFin NVDA-USDT	+0.0314%	8h	227.71	+0.150%	$737K	$202K	20x	as long as short
Arcus NVDA-USD	+0.0320%	1h	227.59	+0.097%	$384K	$705K	20x	as long as short
edgeX NVDAUSDC	+0.0818%	4h	227.59	+0.095%	$171K	$1.9M	20x	as long as short