Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0058%/8h= +6.4% APRpaid last 24h +0.025%

Price spread now: Nado against Aster−0.059%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$330.335% of the position

Long on Aster Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.013%+$1 on $10k

Price spread, last 3 days (all we have)+0.041%+$4 · spread now −0.059%, 7d avg −0.018%

Together, before fees+0.053%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.041% cheaper against Aster than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of −0.018%). If the spread goes back, that is −$4 on $10k: about 2.4 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.013% in total) that is about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NVDAUSDT	227.49	0	get 0.0000% / 8h	1m 08s	$482K	$586K	20x
Short	Nado NVDA-PERP	227.36	0.0058	get 0.0007% / 1h	1m 08s	$484K	$229K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Aster. 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 AsterbpFee NadobpOrdersPrice spread, now −0.059%Rate

Funding earned: $12.18
Price spread: −0.059% → −0.018%: −$4.14
Slippage, 4 orders: −$18.48
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$25.44
Costs to cover: 0.335%
Break-even: 21.6 days

Slippage from Aster: live order book, 11 min ago; Nado: live order book, 12 min ago.

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 Aster live order book, 11 min ago	0.88 bp	4.9 bp −$5	7.1 bp −$71	doesn't fit	doesn't fit
Sell Nado live order book, 12 min ago	0.22 bp	14.5 bp −$14	24.0 bp −$240	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 NVDAUSDTlong	0.0000%	8h	227.49	long leg	$482K	$586K	20x
Bybit NVDAUSDT	0.0000%	8h	227.43	−0.028%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.45	−0.019%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.40	−0.041%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.45	−0.017%	$3.6M	$1.9M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.55	+0.023%	$20K	$405K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.02	−0.208%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.53	+0.016%	$197K	$524K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.52	+0.011%	$2.2M	$42K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0014%	1h	227.40	−0.041%	$49K	$1.4M	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0016%	1h	227.35	−0.061%	$118K	$56K	10x	as long as short
Bitget NVDAUSDT	+0.0020%	8h	227.45	−0.019%	$15.5M	$17.4M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.33	−0.072%	$535K	$447K	10x	as long as short
Binance NVDAUSDT	+0.0036%	8h	227.49	−0.002%	$156.3M	$219.3M	50x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.53	+0.016%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.29	−0.090%	$147.8M	$48.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.42	−0.033%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.34	−0.068%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.21	−0.125%	$1.6M	$2.1M	15x	as long as short
Nado NVDA-PERPshort	+0.0058%	1h	227.36	−0.059%	$484K	$229K	20x
QFEX NVDA-USD	+0.0060%	1h	227.42	−0.033%	$1.6M	$11.5M	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.44	−0.024%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.213%	$1.3M	$839K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.31	−0.080%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.37	−0.055%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.42	−0.033%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.38	−0.050%	$93K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0112%	8h	227.53	+0.016%	$1.6M	$742K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.28	−0.094%	$399K	$724K	20x	as long as short
Hotstuff NVDA-PERP	+0.0128%	1h	227.30	−0.085%	$35K	—	20x	as long as short
BloFin NVDA-USDT	+0.0143%	8h	227.49	−0.002%	$714K	$205K	20x	as long as short
Lighter NVDA	+0.0168%	1h	227.45	−0.018%	$2.2M	$3.3M	20x	as long as short
Lighter RH NVDA	+0.0168%	1h	227.60	+0.047%	$5.1M	$7.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.67	+0.077%	$73K	$140	30x	as long as short
edgeX NVDAUSDC	+0.0312%	4h	227.49	−0.002%	$171K	$1.9M	20x	as long as short