Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h +0.047%

Price spread now: Nado against Gate−0.046%7-day average +0.002% · 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−$52as in the Price arb table

costs, in and out, $10k−$470.472% of the position

Long on Gate Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.107%+$11 on $10k

Price spread, last 3 days (all we have)+0.046%+$5 · spread now −0.046%, 7d avg +0.002%

Together, before fees+0.153%+ Points / potential airdropNado: Active · farm board+$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.048% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NVDA_USDT	227.43	0	get 0.0000% / 8h	7h 58m	$7.2M	$9.6M	100x
Short	Nado NVDA-PERP	227.32	0.0008	get 0.0001% / 1h	58m 45s	$484K	$229K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Gate. 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 GatebpFee NadobpOrdersPrice spread, now −0.046%Rate

Funding earned: $1.75
Price spread: −0.046% → +0.002%: −$4.8
Slippage, 4 orders: −$25.24
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$50.3
Costs to cover: 0.472%
Break-even: 208.6 days

Slippage from Gate: live order book, 5 min ago; Nado: live order book, 14 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 Gate live order book, 5 min ago	0.66 bp	15.1 bp −$15	21.2 bp −$212	doesn't fit	doesn't fit
Sell Nado live order book, 14 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 NVDAUSDT	0.0000%	8h	227.52	+0.039%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.55	+0.053%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.55	+0.053%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDTlong	0.0000%	8h	227.43	long leg	$7.2M	$9.6M	100x
Variational Omni NVDA	0.0000%	8h	227.45	+0.011%	$3.6M	$1.9M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.50	+0.031%	$21K	$406K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.13	−0.132%	$3K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	+0.022%	$197K	$524K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.58	+0.066%	$2.2M	$42K	10x	as long as short
Nado NVDA-PERPshort	+0.0008%	1h	227.32	−0.046%	$484K	$229K	20x

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	−0.033%	$118K	$56K	10x	as long as short
Hotstuff NVDA-PERP	+0.0016%	1h	227.32	−0.048%	$35K	—	20x	as long as short
Bitget NVDAUSDT	+0.0019%	8h	227.60	+0.075%	$15.5M	$17.2M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.29	−0.062%	$535K	$447K	10x	as long as short
Binance NVDAUSDT	+0.0035%	8h	227.54	+0.050%	$156.4M	$219.7M	50x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.51	+0.035%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.34	−0.040%	$147.9M	$48.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.39	−0.018%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.32	−0.048%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.21	−0.097%	$1.6M	$2.1M	15x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.33	−0.044%	$1.6M	$11.5M	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.01	−0.185%	$1.3M	$829K	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.45	+0.009%	—	—	10x	as long as short
Lighter NVDA	+0.0096%	1h	227.55	+0.055%	$2.2M	$3.2M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.30	−0.058%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.38	−0.022%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.49	+0.026%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.38	−0.022%	$93K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0112%	8h	227.53	+0.044%	$1.6M	$742K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.30	−0.057%	$399K	$724K	20x	as long as short
BloFin NVDA-USDT	+0.0139%	8h	227.49	+0.026%	$714K	$205K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0146%	1h	227.48	+0.022%	$49K	$1.4M	10x	as long as short
Lighter RH NVDA	+0.0184%	1h	227.68	+0.110%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.67	+0.106%	$73K	$134	30x	as long as short
edgeX NVDAUSDC	+0.0575%	4h	227.45	+0.007%	$171K	$1.9M	20x	as long as short