Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0100%/8hpaid last 24h +0.030%

Price spread now: ApeX Omni against Phemex−0.018%77s7-day average — · you buy dearer than you sell

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

Long on Phemex 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 77 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	Phemex NVDAUSDT	227.62	0	get 0.0000% / 4h	21m 45s	$2.2M	$41K	10x
Short	ApeX Omni NVDAUSDT	227.58	0.0100	get 0.0013% / 1h	21m 45s	$16K	$43K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phemex. 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 PhemexbpFee ApeX OmnibpOrdersPrice spread, now −0.018%Rate

Funding earned: $21
Price spread: −0.018% → 0.000%: −$1.76
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$2.76
Costs to cover: 0.220%
Break-even: 7.9 days

Slippage unknown: Phemex: 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 Phemex live order book, 1 min ago	1.54 bp	41.0 bp −$41	doesn't fit	doesn't fit	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
Bybit NVDAUSDT	0.0000%	8h	227.59	−0.013%	$12.8M	$14.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.59	−0.013%	$14.4M	$20.4M	50x	as long as short
Hotstuff NVDA-PERP	0.0000%	1h	227.50	−0.053%	$35K	—	20x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.55	−0.031%	$7.2M	$8.9M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.69	+0.031%	$20K	$486K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.22	−0.176%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.63	+0.004%	$197K	$437K	30x	as long as short
Phemex NVDAUSDTlong	0.0000%	4h	227.62	long leg	$2.2M	$41K	10x
Variational Omni NVDA	+0.0011%	8h	227.59	−0.011%	$3.3M	$2.2M	—	as long as short
Aster NVDAUSDT	+0.0028%	8h	227.62	0.000%	$511K	$393K	20x	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	227.50	−0.054%	$530K	$341K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.56	−0.026%	$413K	$634K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.75	+0.057%	—	$73K	25x	as long as short
QFEX NVDA-USD	+0.0050%	1h	227.56	−0.026%	$1.5M	$10.8M	10x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.56	−0.026%	$147.6M	$47.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.50	−0.053%	$396K	$220K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.54	−0.035%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.33	−0.127%	$1.6M	$2.0M	15x	as long as short
Binance NVDAUSDT	+0.0080%	8h	227.67	+0.022%	$156.7M	$208.1M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.40	−0.097%	$298K	$52K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.65	+0.013%	$1.6M	$706K	20x	as long as short
ApeX Omni NVDAUSDTshort	+0.0100%	1h	227.58	−0.018%	$16K	$43K	50x
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.58	−0.018%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.61	−0.004%	$49K	$1.4M	10x	as long as short
Lighter RH NVDA	+0.0104%	1h	227.81	+0.083%	$4.8M	$6.8M	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.61	−0.003%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0109%	1h	227.50	−0.055%	$478K	$216K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	227.55	−0.031%	$1.3M	$818K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0159%	1h	227.49	−0.059%	$118K	$53K	10x	as long as short
Lighter NVDA	+0.0184%	1h	227.74	+0.052%	$2.1M	$3.2M	20x	as long as short
Bitget NVDAUSDT	+0.0185%	8h	227.64	+0.009%	$15.8M	$17.6M	100x	as long as short
BloFin NVDA-USDT	+0.0201%	8h	227.59	−0.013%	$728K	$198K	20x	as long as short
Phoenix NVDA	+0.0211%	1h	227.65	+0.013%	$94K	$112K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.127%	$73K	$127	30x	as long as short
edgeX NVDAUSDC	+0.0873%	4h	227.67	+0.022%	$166K	$1.8M	20x	as long as short