Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Ondo Perps against SoDEX−0.070%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.070% cheaper against SoDEX than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX NVDA-USD	227.45	0.0050	pay 0.0006% / 1h	56m 28s	$59K	$16K	10x
Short	Ondo Perps NVDA-USD.P	227.29	0.0050	get 0.0006% / 1h	56m 28s	$1.5M	$2.0M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against SoDEX. 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 SoDEXbpFee Ondo PerpsbpOrdersPrice spread, now −0.070%Rate

Funding earned: $0.08
Price spread: −0.070% → 0.000%: −$7.03
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$19.95
Costs to cover: 0.130%
Break-even: 1669.5 days

Slippage unknown: SoDEX: no order-book sample; 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 SoDEX no order-book sample	—	—	—	—	—
Sell Ondo Perps no order-book sample	—	—	—	—	—

SoDEX and 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	227.37	−0.035%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.50	+0.022%	$12.6M	$16.2M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.53	+0.035%	$14.6M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.41	−0.018%	$7.2M	$9.1M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.51	+0.026%	$15.6M	$15.7M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.17	−0.123%	$3K	$3.3M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.43	−0.009%	$16K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.51	+0.026%	$199K	$399K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.59	+0.062%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.45	+0.001%	$117K	$51K	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	227.39	−0.027%	$2.1M	$3.1M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.28	−0.075%	$608K	$934K	10x	as long as short
QFEX NVDA-USD	+0.0038%	1h	227.42	−0.013%	$1.3M	$9.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.61	+0.070%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.35	−0.044%	$149.3M	$46.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.40	−0.022%	$392K	$220K	10x	as long as short
SoDEX NVDA-USDlong	+0.0050%	1h	227.45	long leg	$59K	$16K	10x
Ondo Perps NVDA-USD.Pshort	+0.0050%	1h	227.29	−0.070%	$1.5M	$2.0M	15x
Aster NVDAUSDT	+0.0051%	8h	227.49	+0.019%	$484K	$565K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0053%	8h	227.77	+0.141%	$20K	$418K	10x	as long as short
Arcus NVDA-USD	+0.0083%	1h	227.41	−0.018%	$384K	$721K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.30	−0.066%	$298K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.63	+0.079%	$16K	$45K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.51	+0.026%	$36K	$19K	20x	as long as short
Nado NVDA-PERP	+0.0116%	1h	227.35	−0.042%	$478K	$207K	20x	as long as short
Aevo NVDA-PERP	+0.0128%	1h	227.54	+0.040%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	227.41	−0.018%	$1.3M	$667K	10x	as long as short
Variational Omni NVDA	+0.0140%	8h	227.73	+0.125%	$3.3M	$2.4M	—	as long as short
Phoenix NVDA	+0.0141%	1h	227.52	+0.031%	$94K	$83K	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.55	+0.044%	$5.3M	$7.1M	20x	as long as short
KuCoin NVDAUSDTM	+0.0151%	8h	227.48	+0.013%	$1.6M	$1.5M	20x	as long as short
Binance NVDAUSDT	+0.0186%	8h	227.50	+0.022%	$155.5M	$225.2M	50x	as long as short
edgeX NVDAUSDC	+0.0208%	4h	227.72	+0.118%	$172K	$1.9M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.90	+0.198%	$73K	$134	30x	as long as short
BloFin NVDA-USDT	+0.0307%	8h	227.61	+0.070%	$739K	$202K	20x	as long as short