Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h +0.004%

Price spread now: Variational Omni against SoDEX+0.066%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. Variational Omni is 0.066% dearer against SoDEX than usual: you sell high and buy low (spread +0.066% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX NVDA-USD	227.54	0.0050	pay 0.0006% / 1h	39m 42s	$58K	$19K	10x
Short	Variational Omni NVDA	227.69	0.0017	get 0.0017% / 8h	6h 39m	$3.5M	$1.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.066%Rate

Funding earned: −$6.88
Price spread: +0.066% → 0.000%: $6.58
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$8.3
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Variational Omni: RFQ quote, 4 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 SoDEX no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 4 min ago	2.81 bp	doesn't fit	4.0 bp −$40	doesn't fit	doesn't fit

SoDEX: 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	227.74	+0.089%	$484K	$581K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.64	+0.044%	$12.7M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.66	+0.053%	$14.4M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.62	+0.035%	$7.2M	$9.5M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.71	+0.075%	$15.4M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.20	−0.149%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.79	+0.110%	$198K	$501K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.77	+0.101%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.58	+0.019%	$118K	$54K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0014%	1h	227.64	+0.044%	$49K	$1.5M	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDAshort	+0.0017%	8h	227.69	+0.066%	$3.5M	$1.9M	—
Extended NVDA_24_5-USD	+0.0032%	1h	227.56	+0.007%	$693K	$709K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.55	+0.004%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0045%	1h	227.69	+0.066%	$1.5M	$10.2M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.80	+0.114%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.56	+0.009%	$148.0M	$44.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.66	+0.053%	$402K	$282K	10x	as long as short
SoDEX NVDA-USDlong	+0.0050%	1h	227.54	long leg	$58K	$19K	10x
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.54	0.000%	$1.5M	$2.0M	15x	as long as short
GRVT NVDA_USDT_Perp	+0.0066%	8h	227.73	+0.082%	$20K	$388K	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.035%	$1.3M	$788K	10x	as long as short
Nado NVDA-PERP	+0.0079%	1h	227.59	+0.021%	$484K	$230K	20x	as long as short
Hotstuff NVDA-PERP	+0.0080%	1h	227.55	+0.004%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0082%	8h	227.69	+0.066%	$156.3M	$216.4M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.59	+0.024%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.58	+0.018%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.67	+0.057%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.68	+0.063%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.61	+0.031%	$94K	$112K	20x	as long as short
Lighter NVDA	+0.0128%	1h	227.69	+0.066%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0128%	1h	227.83	+0.127%	$5.1M	$7.0M	20x	as long as short
KuCoin NVDAUSDTM	+0.0136%	8h	227.74	+0.088%	$1.6M	$737K	20x	as long as short
BloFin NVDA-USDT	+0.0203%	8h	227.78	+0.105%	$723K	$204K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.96	+0.185%	$73K	$135	30x	as long as short
edgeX NVDAUSDC	+0.0806%	4h	227.71	+0.076%	$170K	$1.9M	20x	as long as short