Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h −0.005%

Price spread now: Binance against Nado+0.093%7-day average +0.029% · 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−$26as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on Nado Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.007%−$1 on $10k

Price spread, last 4 days (all we have)+0.253%+$25 · spread now +0.093%, 7d avg +0.029%

Together, before fees+0.247%+ Points / potential airdropNado: Active · farm board+$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.063% dearer against Nado than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado NVDA-PERP	226.70	0.0063	pay 0.0008% / 1h	53m 50s	$482K	$226K	20x
Short	Binance NVDAUSDT	226.91	0.0083	get 0.0083% / 8h	2h 53m	$155.2M	$217.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.093%Rate

Funding earned: $4.08
Price spread: +0.093% → +0.029%: $6.32
Slippage, 4 orders: −$15.61
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$22.21
Costs to cover: 0.326%
Break-even: 45.1 days

Slippage from Nado: live order book, 59 min ago; Binance: live order book, 5 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	0.22 bp	9.1 bp −$9	27.6 bp −$276	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	0.22 bp	5.4 bp −$5	7.6 bp −$76	22.2 bp −$2,224	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	226.91	+0.090%	$483K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.86	+0.071%	$12.5M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.86	+0.071%	$14.3M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.83	+0.057%	$7.3M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.89	+0.084%	$15.4M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.86	+0.070%	$21K	$406K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.49	−0.093%	$2K	$3.7M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.77	+0.031%	$52K	$1.7M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.94	+0.106%	$198K	$463K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.89	+0.084%	$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	226.65	−0.022%	$117K	$53K	10x	as long as short
Variational Omni NVDA	+0.0013%	8h	226.84	+0.060%	$3.6M	$2.1M	—	as long as short
Lighter NVDA	+0.0032%	1h	226.82	+0.052%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.74	+0.018%	$398K	$732K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.82	+0.053%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.93	+0.101%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.74	+0.018%	$147.3M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.80	+0.044%	$399K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.72	+0.009%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.57	−0.057%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERPlong	+0.0063%	1h	226.70	long leg	$482K	$226K	20x
Binance NVDAUSDTshort	+0.0083%	8h	226.91	+0.093%	$155.2M	$217.0M	50x
Hotstuff NVDA-PERP	+0.0096%	1h	226.66	−0.018%	$35K	—	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.70	+0.002%	$298K	$50K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.84	+0.062%	$1.6M	$734K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.70	0.000%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.83	+0.057%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.80	+0.046%	—	—	10x	as long as short
Lighter RH NVDA	+0.0120%	1h	227.00	+0.132%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.63	−0.031%	$1.3M	$782K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	226.71	+0.004%	$93K	$112K	20x	as long as short
BloFin NVDA-USDT	+0.0204%	8h	226.89	+0.084%	$719K	$191K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.12	+0.185%	$73K	$135	30x	as long as short
Extended NVDA_24_5-USD	+0.0240%	1h	226.75	+0.022%	$668K	$767K	10x	as long as short
edgeX NVDAUSDC	+0.0517%	4h	226.79	+0.038%	$170K	$1.9M	20x	as long as short