Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0797%/8h= −87.3% APRpaid last 24h −0.077%

Price spread now: Nado against edgeX+0.025%62s7-day average −0.013% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$380.383% of the position

Long on edgeX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.492%−$49 on $10k

Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.025%, 7d avg −0.013%

Together, before fees−0.567%+ Points / potential airdropedgeX: Active · Nado: Active · farm board−$57 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.037% dearer against edgeX than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of −0.013%): +$4 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 4 hours. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NVDAUSDC	226.81	0.0853	pay 0.0427% / 4h	2h 51m	$170K	$1.9M	20x
Short	Nado NVDA-PERP	226.86	0.0056	get 0.0007% / 1h	51m 39s	$482K	$226K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against edgeX. 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 edgeXbpFee NadobpOrdersPrice spread, now +0.025%Rate

Funding earned: −$167.47
Price spread: +0.025% → −0.013%: $3.73
Slippage, 4 orders: −$22.26
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$201.99
Costs to cover: 0.383%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; Nado: live order book, 61 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 edgeX live order book, 2 min ago	3.31 bp	8.1 bp −$8	11.9 bp −$119	doesn't fit	doesn't fit
Sell Nado live order book, 61 min ago	0.22 bp	12.9 bp −$13	25.5 bp −$255	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	226.89	+0.038%	$483K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.92	+0.051%	$12.5M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.92	+0.051%	$14.3M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.90	+0.042%	$7.3M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.98	+0.077%	$15.4M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.86	+0.024%	$21K	$406K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.64	−0.073%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.89	+0.037%	$51K	$1.7M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.01	+0.090%	$198K	$463K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.02	+0.095%	$2.2M	$43K	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	+0.0008%	1h	226.69	−0.052%	$117K	$53K	10x	as long as short
Variational Omni NVDA	+0.0013%	8h	226.84	+0.013%	$3.6M	$2.1M	—	as long as short
Lighter NVDA	+0.0032%	1h	226.89	+0.039%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.81	+0.002%	$398K	$729K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.97	+0.073%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.07	+0.117%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.82	+0.007%	$147.3M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.92	+0.051%	$399K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.79	−0.007%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.75	−0.024%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERPshort	+0.0056%	1h	226.86	+0.025%	$482K	$226K	20x
Binance NVDAUSDT	+0.0082%	8h	226.96	+0.068%	$155.2M	$217.1M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.83	+0.012%	$298K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.87	+0.029%	$1.6M	$734K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.70	−0.046%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.94	+0.059%	$36K	$21K	20x	as long as short
Hotstuff NVDA-PERP	+0.0104%	1h	226.78	−0.011%	$35K	—	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.94	+0.061%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.74	−0.029%	$93K	$112K	20x	as long as short
Lighter RH NVDA	+0.0120%	1h	227.10	+0.130%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.63	−0.077%	$1.3M	$782K	10x	as long as short
BloFin NVDA-USDT	+0.0203%	8h	226.96	+0.068%	$718K	$191K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.12	+0.139%	$73K	$136	30x	as long as short
Extended NVDA_24_5-USD	+0.0248%	1h	226.78	−0.009%	$668K	$767K	10x	as long as short
edgeX NVDAUSDClong	+0.0853%	4h	226.81	long leg	$170K	$1.9M	20x