Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.004%

Price spread now: Variational Omni against Ondo Perps+0.110%7-day average +0.099% · you sell dearer than you buy

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

Long on Ondo Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.028%−$3 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.110%, 7d avg +0.099%

Together, before fees−0.045%+ Points / potential airdropOndo Perps: Active · Variational Omni: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.099%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NVDA-USD.P	227.46	0.0050	pay 0.0006% / 1h	50m 42s	$1.6M	$2.0M	15x
Short	Variational Omni NVDA	227.71	0	get 0.0000% / 8h	7h 50m	$3.6M	$1.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.110%Rate

Funding earned: −$10.58
Price spread: +0.110% → +0.099%: $1.05
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$14.54
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Variational Omni: RFQ quote, 3 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 Variational Omni RFQ quote, 3 min ago	2.79 bp	doesn't fit	3.2 bp −$32	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 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	227.62	+0.070%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.73	+0.119%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.72	+0.114%	$14.4M	$20.7M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.66	+0.088%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDAshort	0.0000%	8h	227.71	+0.110%	$3.6M	$1.9M	—
GRVT NVDA_USDT_Perp	0.0000%	8h	227.66	+0.088%	$20K	$406K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.27	−0.084%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	+0.009%	$197K	$516K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.73	+0.119%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.47	+0.004%	$118K	$56K	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	+0.070%	$535K	$447K	10x	as long as short
Bitget NVDAUSDT	+0.0035%	8h	227.76	+0.132%	$15.5M	$17.1M	100x	as long as short
Binance NVDAUSDT	+0.0037%	8h	227.76	+0.134%	$156.4M	$218.6M	50x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.54	+0.035%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.69	+0.101%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.84	+0.167%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.60	+0.062%	$148.0M	$46.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.68	+0.097%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.57	+0.048%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.Plong	+0.0050%	1h	227.46	long leg	$1.6M	$2.0M	15x
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.65	+0.084%	$49K	$1.4M	10x	as long as short
Nado NVDA-PERP	+0.0058%	1h	227.66	+0.089%	$484K	$229K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	0.000%	$1.3M	$823K	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.67	+0.091%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.58	+0.053%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.54	+0.035%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.70	+0.106%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.65	+0.084%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0118%	8h	227.70	+0.106%	$1.6M	$743K	20x	as long as short
Lighter NVDA	+0.0120%	1h	227.76	+0.131%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0120%	1h	227.89	+0.189%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0146%	8h	227.77	+0.136%	$714K	$205K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.89	+0.189%	$73K	$135	30x	as long as short
Hotstuff NVDA-PERP	+0.0232%	1h	227.64	+0.079%	$35K	—	20x	as long as short
edgeX NVDAUSDC	+0.0364%	4h	227.63	+0.075%	$170K	$1.9M	20x	as long as short