Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h −0.039%

Price spread now: Hotstuff against Variational Omni−0.061%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Hotstuff

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 · Hotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.061% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.061% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 8.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NVDA	227.73	0.0016	pay 0.0016% / 8h	6h 43m	$3.5M	$1.9M	—
Short	Hotstuff NVDA-PERP	227.59	0.0040	get 0.0005% / 1h	43m 06s	$35K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now −0.061%Rate

Funding earned: $4.96
Price spread: −0.061% → 0.000%: −$6.13
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$6.17
Costs to cover: 0.050%
Break-even: 15.7 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Hotstuff: 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 Variational Omni RFQ quote, 1 min ago	2.81 bp	doesn't fit	6.9 bp −$69	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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	227.75	+0.009%	$484K	$581K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.71	−0.009%	$12.7M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.70	−0.013%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.67	−0.026%	$7.2M	$9.5M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.77	+0.018%	$15.4M	$16.6M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.21	−0.228%	$3K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.79	+0.026%	$198K	$502K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.82	+0.040%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.59	−0.061%	$118K	$54K	10x	as long as short
Variational Omni NVDAlong	+0.0016%	8h	227.73	long leg	$3.5M	$1.9M	—

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	227.55	−0.079%	$693K	$708K	10x	as long as short
Hotstuff NVDA-PERPshort	+0.0040%	1h	227.59	−0.061%	$35K	—	20x
Arcus NVDA-USD	+0.0040%	1h	227.58	−0.066%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0045%	1h	227.74	+0.005%	$1.5M	$10.3M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.83	+0.044%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.59	−0.061%	$148.0M	$45.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.72	−0.004%	$402K	$285K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.58	−0.066%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.55	−0.079%	$1.5M	$2.1M	15x	as long as short
GRVT NVDA_USDT_Perp	+0.0066%	8h	227.73	−0.001%	$20K	$388K	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.118%	$1.3M	$789K	10x	as long as short
Nado NVDA-PERP	+0.0081%	1h	227.59	−0.063%	$484K	$230K	20x	as long as short
Binance NVDAUSDT	+0.0083%	8h	227.72	−0.004%	$156.3M	$216.4M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.58	−0.067%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.57	−0.070%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.70	−0.013%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.71	−0.009%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.61	−0.053%	$94K	$112K	20x	as long as short
Lighter NVDA	+0.0128%	1h	227.73	+0.001%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0128%	1h	227.87	+0.062%	$5.1M	$7.0M	20x	as long as short
KuCoin NVDAUSDTM	+0.0138%	8h	227.75	+0.009%	$1.6M	$737K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0189%	1h	227.67	−0.026%	$49K	$1.5M	10x	as long as short
BloFin NVDA-USDT	+0.0203%	8h	227.78	+0.022%	$723K	$204K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.96	+0.101%	$73K	$135	30x	as long as short
edgeX NVDAUSDC	+0.0713%	4h	227.68	−0.020%	$170K	$1.9M	20x	as long as short