Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: Ondo Perps against Variational Omni−0.108%7-day average −0.100% · you buy dearer than you sell

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

Long on Variational Omni Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.031%+$3 on $10k

Price spread, last 7 days−0.004%$0 · spread now −0.108%, 7d avg −0.100%

Together, before fees+0.027%+ Points / potential airdropVariational Omni: Active · Ondo Perps: Active · farm board+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NVDA	227.48	0.0051	pay 0.0051% / 8h	3h 45m	$3.6M	$2.2M	—
Short	Ondo Perps NVDA-USD.P	227.23	0.0050	get 0.0006% / 1h	45m 00s	$1.6M	$2.0M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo 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 Ondo PerpsbpOrdersPrice spread, now −0.108%Rate

Funding earned: −$0.08
Price spread: −0.108% → −0.100%: −$0.78
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$5.86
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 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 Variational Omni RFQ quote, 4 min ago	2.79 bp	doesn't fit	4.2 bp −$42	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	227.40	−0.033%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.40	−0.033%	$14.4M	$20.4M	50x	as long as short
Hotstuff NVDA-PERP	0.0000%	1h	227.34	−0.059%	$35K	—	20x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.36	−0.051%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.53	+0.024%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.38	−0.041%	$20K	$392K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.98	−0.218%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.52	+0.020%	$198K	$465K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.53	+0.024%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.29	−0.083%	$118K	$53K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0020%	8h	227.44	−0.017%	$483K	$590K	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.40	−0.033%	$399K	$741K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.40	−0.033%	$1.3M	$9.2M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.52	+0.020%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.27	−0.090%	$147.7M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.36	−0.051%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.25	−0.099%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.Pshort	+0.0050%	1h	227.23	−0.108%	$1.6M	$2.0M	15x
Variational Omni NVDAlong	+0.0051%	8h	227.48	long leg	$3.6M	$2.2M	—
Lighter NVDA	+0.0056%	1h	227.36	−0.052%	$2.1M	$3.3M	20x	as long as short
Nado NVDA-PERP	+0.0066%	1h	227.31	−0.071%	$484K	$227K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.31	−0.075%	$298K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.29	−0.081%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.35	−0.055%	$36K	$21K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.30	−0.077%	$49K	$1.7M	10x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.39	−0.039%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0106%	8h	227.43	−0.020%	$156.0M	$215.9M	50x	as long as short
KuCoin NVDAUSDTM	+0.0110%	8h	227.44	−0.015%	$1.6M	$726K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	227.53	+0.024%	$1.3M	$775K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.30	−0.077%	$93K	$112K	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	227.52	+0.020%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.83	+0.156%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0226%	8h	227.43	−0.020%	$719K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0232%	1h	227.26	−0.095%	$674K	$778K	10x	as long as short
edgeX NVDAUSDC	+0.0310%	4h	227.48	+0.003%	$171K	$1.9M	20x	as long as short