Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against SunX+0.141%7-day average +0.027% · you sell dearer than you buy

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

Long on SunX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.141%, 7d avg +0.027%

Together, before fees+0.019%+ Points / potential airdropOndo Perps: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.114% dearer against SunX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NVDA-USDT	226.18	0	get 0.0000% / 8h	1h 15m	$2K	$3.6M	20x
Short	Ondo Perps NVDA-USD.P	226.50	0.0050	get 0.0006% / 1h	15m 02s	$1.6M	$1.9M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against SunX. 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 SunXbpFee Ondo PerpsbpOrdersPrice spread, now +0.141%Rate

Funding earned: $10.58
Price spread: +0.141% → +0.027%: $11.44
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $9.02
Costs to cover: 0.130%
Break-even: 1.0 days

Slippage unknown: SunX: live order book, 3 min ago; 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 SunX live order book, 3 min ago	22.07 bp	38.2 bp −$38	67.5 bp −$675	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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
Bybit NVDAUSDT	0.0000%	8h	226.57	+0.172%	$12.4M	$14.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.58	+0.177%	$14.1M	$20.5M	50x	as long as short
Hotstuff NVDA-PERP	0.0000%	1h	226.49	+0.137%	$35K	—	20x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.54	+0.159%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.64	+0.203%	$15.3M	$16.1M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.64	+0.203%	$21K	$420K	10x	as long as short
SunX NVDA-USDTlong	0.0000%	8h	226.18	long leg	$2K	$3.6M	20x
HTX NVDA-USDT	0.0000%	8h	226.60	+0.186%	$198K	$450K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.70	+0.230%	$2.2M	$42K	10x	as long as short
Aster NVDAUSDT	+0.0001%	8h	226.46	+0.123%	$482K	$530K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0012%	1h	226.47	+0.130%	$117K	$51K	10x	as long as short
Variational Omni NVDA	+0.0020%	8h	226.63	+0.197%	$3.5M	$2.3M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.60	+0.186%	$399K	$732K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.69	+0.225%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.45	+0.119%	$147.1M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.54	+0.159%	$391K	$285K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.46	+0.124%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.Pshort	+0.0050%	1h	226.50	+0.141%	$1.6M	$1.9M	15x
QFEX NVDA-USD	+0.0056%	1h	226.59	+0.181%	$1.3M	$9.1M	10x	as long as short
Binance NVDAUSDT	+0.0086%	8h	226.61	+0.188%	$154.5M	$218.4M	50x	as long as short
Lighter NVDA	+0.0088%	1h	226.54	+0.161%	$2.1M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.43	+0.111%	$297K	$46K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.64	+0.203%	$1.6M	$742K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.51	+0.146%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.56	+0.168%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.59	+0.182%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.58	+0.177%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	+0.049%	$1.3M	$724K	10x	as long as short
Nado NVDA-PERP	+0.0121%	1h	226.48	+0.131%	$481K	$224K	20x	as long as short
Lighter RH NVDA	+0.0128%	1h	226.68	+0.221%	$5.1M	$7.0M	20x	as long as short
BloFin NVDA-USDT	+0.0206%	8h	226.62	+0.195%	$710K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.88	+0.309%	$73K	$139	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0236%	1h	226.54	+0.159%	$52K	$1.8M	10x	as long as short
edgeX NVDAUSDC	+0.0329%	4h	226.69	+0.223%	$170K	$1.9M	20x	as long as short
Extended NVDA_24_5-USD	+0.0376%	1h	226.38	+0.091%	$627K	$838K	10x	as long as short