Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0015%/8h= +1.6% APRpaid last 24h −0.010%

Price spread now: Aftermath Perps against Variational Omni−0.034%7-day average −0.043% · you buy dearer than you sell

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

Long on Variational Omni Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.116%−$12 on $10k

Price spread, last 3 days (all we have)−0.080%−$8 · spread now −0.034%, 7d avg −0.043%

Together, before fees−0.196%+ Points / potential airdropVariational Omni: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.043%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.116%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NVDA	227.07	0	get 0.0000% / 8h	2h 05m	$3.5M	$2.4M	—
Short	Aftermath Perps NVDAUSD	227.00	0.0015	get 0.0002% / 1h	5m 06s	$118K	$55K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Variational Omni. 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 Variational OmnibpFee Aftermath PerpsbpOrdersPrice spread, now −0.034%Rate

Funding earned: $3.07
Price spread: −0.034% → −0.043%: $0.88
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$5.05
Costs to cover: 0.090%
Break-even: 18.5 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Aftermath Perps: live order book, 19 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 Variational Omni RFQ quote, 4 min ago	2.80 bp	doesn't fit	9.8 bp −$98	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 19 min ago	9.12 bp	15.6 bp −$16	66.5 bp −$665	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
Aster NVDAUSDT	0.0000%	8h	226.98	−0.040%	$473K	$550K	20x	as long as short
Binance NVDAUSDT	0.0000%	8h	227.09	+0.005%	$156.1M	$220.9M	50x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.06	−0.007%	$12.6M	$15.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.07	−0.002%	$14.4M	$21.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.04	−0.015%	$7.2M	$9.5M	100x	as long as short
Variational Omni NVDAlong	0.0000%	8h	227.07	long leg	$3.5M	$2.4M	—
GRVT NVDA_USDT_Perp	0.0000%	8h	227.04	−0.013%	$21K	$468K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.78	−0.130%	$3K	$4.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.02	−0.024%	$49K	$1.5M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.13	+0.024%	$202K	$526K	30x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NVDAUSDT	0.0000%	4h	227.11	+0.016%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSDshort	+0.0015%	1h	227.00	−0.034%	$118K	$55K	10x
QFEX NVDA-USD	+0.0030%	1h	227.05	−0.011%	$1.6M	$11.3M	10x	as long as short
Lighter RH NVDA	+0.0032%	1h	227.21	+0.060%	$4.9M	$7.0M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.91	−0.070%	$522K	$409K	10x	as long as short
Hotstuff NVDA-PERP	+0.0032%	1h	226.93	−0.064%	$35K	—	20x	as long as short
Bitget NVDAUSDT	+0.0039%	8h	227.08	+0.002%	$15.6M	$18.3M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.17	+0.042%	—	$73K	25x	as long as short
Nado NVDA-PERP	+0.0048%	1h	226.96	−0.049%	$487K	$226K	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.93	−0.064%	$147.0M	$50.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.04	−0.015%	$400K	$261K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.93	−0.064%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.85	−0.099%	$1.6M	$2.1M	15x	as long as short
Phoenix NVDA	+0.0070%	1h	226.99	−0.037%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.06	−0.004%	—	—	10x	as long as short
Lighter NVDA	+0.0096%	1h	227.11	+0.015%	$2.1M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.94	−0.057%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.09	+0.007%	$1.6M	$753K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.99	−0.037%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.04	−0.015%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	227.01	−0.029%	$1.3M	$911K	10x	as long as short
BloFin NVDA-USDT	+0.0120%	8h	227.07	−0.002%	$714K	$205K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.40	+0.143%	$73K	$138	30x	as long as short
Arcus NVDA-USD	+0.0419%	1h	227.03	−0.020%	$384K	$695K	20x	as long as short
edgeX NVDAUSDC	+0.0937%	4h	227.01	−0.027%	$170K	$1.9M	20x	as long as short