Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.028%

Price spread now: Aster against Nado−0.003%48s7-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—prices read too far apart to compare

costs, in and out, $10k−$320.316% of the position

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.011%−$1 on $10k

Price spread, last 3 days (all we have)+0.022%+$2 · spread now −0.003%, 7d avg +0.018%

Together, before fees+0.011%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.021% cheaper against Nado than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.018%). Swap the legs. The two prices were read 48 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	Nado NVDA-PERP	227.11	0.0044	pay 0.0005% / 1h	28m 36s	$487K	$223K	20x
Short	Aster NVDAUSDT	227.10	0	get 0.0000% / 8h	2h 28m	$473K	$550K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Nado. 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 NadobpFee AsterbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$9.23
Price spread: −0.003% → +0.018%: −$2.07
Slippage, 4 orders: −$16.64
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$42.94
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from Nado: live order book, 59 min ago; Aster: live order book, 59 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 Nado live order book, 59 min ago	0.66 bp	8.8 bp −$9	37.6 bp −$376	doesn't fit	doesn't fit
Sell Aster live order book, 59 min ago	0.88 bp	5.3 bp −$5	7.4 bp −$74	258.7 bp −$25.9K	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 NVDAUSDTshort	0.0000%	8h	227.10	−0.003%	$473K	$550K	20x
Bybit NVDAUSDT	0.0000%	8h	227.17	+0.027%	$12.7M	$15.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.15	+0.018%	$14.4M	$21.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.15	+0.018%	$7.2M	$9.4M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.13	+0.011%	$3.4M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.11	0.000%	$21K	$468K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.80	−0.136%	$2K	$4.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.14	+0.013%	$49K	$1.5M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.20	+0.040%	$202K	$529K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.16	+0.022%	$2.2M	$41K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NVDAUSDT	+0.0004%	8h	227.19	+0.033%	$156.2M	$220.6M	50x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.00	−0.047%	$118K	$54K	10x	as long as short
BloFin NVDA-USDT	+0.0018%	8h	227.18	+0.031%	$714K	$205K	20x	as long as short
QFEX NVDA-USD	+0.0030%	1h	227.14	+0.013%	$1.6M	$11.3M	10x	as long as short
Lighter RH NVDA	+0.0032%	1h	227.33	+0.097%	$4.8M	$7.0M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.08	−0.013%	$522K	$407K	10x	as long as short
Nado NVDA-PERPlong	+0.0044%	1h	227.11	long leg	$487K	$223K	20x
Vest NVDA-USD-PERP	+0.0046%	1h	227.33	+0.097%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.07	−0.017%	$147.1M	$50.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.14	+0.013%	$390K	$235K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.06	−0.022%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.00	−0.048%	$1.6M	$2.1M	15x	as long as short
Hotstuff NVDA-PERP	+0.0064%	1h	227.07	−0.017%	$35K	—	20x	as long as short
Bitget NVDAUSDT	+0.0067%	8h	227.17	+0.027%	$15.5M	$18.3M	100x	as long as short
Phoenix NVDA	+0.0070%	1h	227.08	−0.013%	$93K	$112K	20x	as long as short
Lighter NVDA	+0.0080%	1h	227.22	+0.050%	$2.1M	$3.3M	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.17	+0.028%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.09	−0.010%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.13	+0.009%	$1.6M	$751K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.00	−0.048%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.15	+0.018%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	227.01	−0.044%	$1.3M	$911K	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.48	+0.163%	$73K	$136	30x	as long as short
Arcus NVDA-USD	+0.0419%	1h	227.17	+0.027%	$395K	$683K	20x	as long as short
edgeX NVDAUSDC	+0.0909%	4h	227.15	+0.016%	$170K	$1.9M	20x	as long as short