Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0040%/8h= −4.3% APRpaid last 24h +0.001%

Price spread now: tradeXYZ against Variational Omni−0.089%7-day average −0.071% · you buy dearer than you sell

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

Long on Variational Omni Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.022%+$2 on $10k

Price spread, last 7 days+0.039%+$4 · spread now −0.089%, 7d avg −0.071%

Together, before fees+0.061%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.071%, 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	Variational Omni NVDA	226.27	0.0090	pay 0.0090% / 8h	7h 20m	$3.2M	$2.5M	—
Short	tradeXYZ xyz:NVDA	226.07	0.0050	get 0.0006% / 1h	20m 34s	$146.9M	$43.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.089%Rate

Funding earned: −$8.3
Price spread: −0.089% → −0.071%: −$1.81
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$28.11
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; tradeXYZ: live order book, 9 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	2.79 bp	doesn't fit	3.8 bp −$38	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	0.44 bp	10.0 bp −$10	11.6 bp −$116	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
Hotstuff NVDA-PERP	−0.0112%	1h	226.05	−0.098%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.23	−0.019%	$12.5M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.23	−0.019%	$14.1M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.16	−0.050%	$7.2M	$10.0M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.26	−0.005%	$15.8M	$15.9M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.22	−0.025%	$21K	$431K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.94	−0.147%	$2K	$3.5M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.28	+0.003%	$198K	$437K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.43	+0.070%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	225.98	−0.128%	$117K	$51K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter NVDA	+0.0032%	1h	226.12	−0.065%	$2.1M	$3.2M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.00	−0.122%	$640K	$872K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.17	−0.045%	$392K	$739K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.29	+0.008%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDAshort	+0.0050%	1h	226.07	−0.089%	$146.9M	$43.4M	20x
Polymarket Perps NVDA-USD	+0.0050%	1h	226.11	−0.072%	$391K	$240K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.08	−0.085%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.06	−0.094%	$1.6M	$1.9M	15x	as long as short
Nado NVDA-PERP	+0.0062%	1h	226.01	−0.117%	$480K	$222K	20x	as long as short
Aster NVDAUSDT	+0.0063%	8h	226.24	−0.016%	$483K	$544K	20x	as long as short
Lighter RH NVDA	+0.0064%	1h	226.29	+0.008%	$5.1M	$7.2M	20x	as long as short
QFEX NVDA-USD	+0.0072%	1h	226.22	−0.023%	$1.3M	$9.1M	10x	as long as short
Variational Omni NVDAlong	+0.0090%	8h	226.27	long leg	$3.2M	$2.5M	—
Pacifica NVDA	+0.0100%	1h	226.05	−0.098%	$297K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.02	−0.111%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.19	−0.036%	$36K	$20K	20x	as long as short
KuCoin NVDAUSDTM	+0.0105%	8h	226.23	−0.019%	$1.6M	$1.0M	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.22	−0.023%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.00	−0.120%	$1.3M	$682K	10x	as long as short
Binance NVDAUSDT	+0.0149%	8h	226.26	−0.005%	$155.1M	$222.3M	50x	as long as short
Phoenix NVDA	+0.0212%	1h	226.03	−0.107%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.54	+0.118%	$73K	$138	30x	as long as short
BloFin NVDA-USDT	+0.0268%	8h	226.28	+0.003%	$715K	$200K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0325%	1h	226.15	−0.054%	$53K	$1.9M	10x	as long as short
edgeX NVDAUSDC	+0.0643%	4h	226.20	−0.033%	$171K	$1.9M	20x	as long as short