Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0036%/8h= +4.0% APRpaid last 24h +0.039%

Price spread now: Nado against GRVT−0.055%61s7-day average −0.005% · 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—prices read too far apart to compare

costs, in and out, $10k−$370.369% of the position

Long on GRVT Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.036%+$4 on $10k

Price spread, last 4 days (all we have)+0.025%+$3 · spread now −0.055%, 7d avg −0.005%

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

Funding pays, the price is against you. Nado is 0.050% cheaper against GRVT than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of −0.005%). If the spread goes back, that is −$5 on $10k: about 4.6 days of funding at the current rate (+$1 a day). The two prices were read 61 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	GRVT NVDA_USDT_Perp	227.61	0.0068	pay 0.0068% / 8h	4h 42m	$20K	$388K	10x
Short	Nado NVDA-PERP	227.49	0.0104	get 0.0013% / 1h	42m 25s	$484K	$228K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against GRVT. 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 GRVTbpFee NadobpOrdersPrice spread, now −0.055%Rate

Funding earned: $7.6
Price spread: −0.055% → −0.005%: −$4.95
Slippage, 4 orders: −$20.92
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$34.28
Costs to cover: 0.369%
Break-even: 38.6 days

Slippage from GRVT: live order book, 15 min ago; Nado: live order book, 16 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 GRVT live order book, 15 min ago	1.54 bp	6.0 bp −$6	10.0 bp −$100	doesn't fit	doesn't fit
Sell Nado live order book, 16 min ago	1.54 bp	12.6 bp −$13	22.7 bp −$227	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
Bybit NVDAUSDT	0.0000%	8h	227.55	−0.026%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.53	−0.035%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.50	−0.048%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.60	−0.004%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.16	−0.198%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.49	−0.053%	$49K	$1.6M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	+0.013%	$198K	$472K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.62	+0.004%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0018%	1h	227.43	−0.079%	$118K	$54K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.57	−0.018%	$406K	$744K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0042%	8h	227.59	−0.010%	$483K	$590K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.70	+0.040%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.42	−0.083%	$147.7M	$43.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.54	−0.031%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.43	−0.079%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.30	−0.136%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.57	−0.018%	$1.4M	$9.4M	10x	as long as short
GRVT NVDA_USDT_Perplong	+0.0068%	8h	227.61	long leg	$20K	$388K	10x
Variational Omni NVDA	+0.0075%	8h	227.53	−0.034%	$3.5M	$2.1M	—	as long as short
Lighter NVDA	+0.0096%	1h	227.55	−0.025%	$2.2M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.46	−0.064%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.43	−0.079%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.55	−0.026%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	−0.035%	$1.3M	$775K	10x	as long as short
Nado NVDA-PERPshort	+0.0104%	1h	227.49	−0.055%	$484K	$228K	20x
Aevo NVDA-PERP	+0.0112%	1h	227.55	−0.027%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0127%	8h	227.56	−0.022%	$156.5M	$216.2M	50x	as long as short
Phoenix NVDA	+0.0141%	1h	227.45	−0.070%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0149%	8h	227.58	−0.013%	$1.6M	$726K	20x	as long as short
Hotstuff NVDA-PERP	+0.0176%	1h	227.43	−0.079%	$35K	—	20x	as long as short
Lighter RH NVDA	+0.0184%	1h	227.72	+0.048%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.03	+0.185%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0248%	8h	227.55	−0.026%	$723K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0472%	1h	227.43	−0.081%	$685K	$733K	10x	as long as short
edgeX NVDAUSDC	+0.0666%	4h	227.55	−0.028%	$170K	$1.9M	20x	as long as short