Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h +0.001%

Price spread now: Variational Omni against tradeXYZ+0.064%7-day average +0.070% · you sell dearer than you buy

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

Long on tradeXYZ Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.029%−$3 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.064%, 7d avg +0.070%

Together, before fees−0.047%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.070%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NVDA	226.67	0.0050	pay 0.0006% / 1h	5m 00s	$147.3M	$43.4M	20x
Short	Variational Omni NVDA	226.82	0.0019	get 0.0019% / 8h	3h 05m	$3.6M	$2.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against tradeXYZ. 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 tradeXYZbpFee Variational OmnibpOrdersPrice spread, now +0.064%Rate

Funding earned: −$6.5
Price spread: +0.064% → +0.070%: −$0.64
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$25.14
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 4 min ago; 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 tradeXYZ live order book, 4 min ago	0.44 bp	10.0 bp −$10	11.0 bp −$110	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.80 bp	doesn't fit	5.0 bp −$50	doesn't fit	doesn't fit

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	226.81	+0.062%	$12.5M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.78	+0.049%	$14.3M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.78	+0.049%	$7.3M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.84	+0.075%	$15.4M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.75	+0.035%	$21K	$404K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.43	−0.106%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.87	+0.088%	$198K	$465K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.93	+0.115%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0001%	8h	226.87	+0.090%	$483K	$571K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	226.67	−0.001%	$117K	$53K	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	+0.0019%	8h	226.82	+0.064%	$3.6M	$2.1M	—
edgeX NVDAUSDC	+0.0028%	4h	226.82	+0.065%	$170K	$1.9M	20x	as long as short
Lighter NVDA	+0.0032%	1h	226.80	+0.056%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.72	+0.022%	$398K	$733K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	226.80	+0.057%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.88	+0.093%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDAlong	+0.0050%	1h	226.67	long leg	$147.3M	$43.4M	20x
Polymarket Perps NVDA-USD	+0.0050%	1h	226.76	+0.040%	$400K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.65	−0.009%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.56	−0.049%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0061%	1h	226.70	+0.012%	$482K	$227K	20x	as long as short
Binance NVDAUSDT	+0.0087%	8h	226.85	+0.079%	$155.3M	$216.8M	50x	as long as short
Hotstuff NVDA-PERP	+0.0088%	1h	226.66	−0.004%	$35K	—	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.71	+0.016%	$298K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.85	+0.079%	$1.6M	$732K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.56	−0.049%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.73	+0.026%	$36K	$21K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0103%	1h	226.74	+0.031%	$49K	$1.7M	10x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.79	+0.055%	—	—	10x	as long as short
Lighter RH NVDA	+0.0128%	1h	226.95	+0.124%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.66	−0.004%	$1.3M	$781K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	226.71	+0.018%	$93K	$112K	20x	as long as short
BloFin NVDA-USDT	+0.0207%	8h	226.81	+0.062%	$717K	$190K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.12	+0.199%	$73K	$140	30x	as long as short
Extended NVDA_24_5-USD	+0.0224%	1h	226.71	+0.018%	$670K	$765K	10x	as long as short