Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.045%

Price spread now: edgeX against Nado+0.071%7-day average +0.016% · 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−$31as in the Price arb table

costs, in and out, $10k−$370.366% of the position

Long on Nado Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.497%+$50 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.071%, 7d avg +0.016%

Together, before fees+0.469%+ Points / potential airdropNado: Active · edgeX: Active · farm board+$47 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 edgeX is 0.056% dearer against Nado than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado NVDA-PERP	226.73	0.0116	pay 0.0014% / 1h	55m 01s	$482K	$221K	20x
Short	edgeX NVDAUSDC	226.89	0.0162	get 0.0081% / 4h	2h 55m	$171K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.071%Rate

Funding earned: $9.63
Price spread: +0.071% → +0.016%: $5.6
Slippage, 4 orders: −$20.56
Fee Nado: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$21.33
Costs to cover: 0.366%
Break-even: 22.5 days

Slippage from Nado: live order book, 38 min ago; edgeX: live order book, 4 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, 38 min ago	0.88 bp	8.4 bp −$8	26.7 bp −$267	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	3.53 bp	8.3 bp −$8	13.7 bp −$137	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	226.77	+0.019%	$12.7M	$15.2M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.76	+0.014%	$14.2M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.73	+0.001%	$7.2M	$9.3M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.81	+0.036%	$15.7M	$16.0M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.49	−0.105%	$3K	$3.5M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.86	+0.058%	$198K	$436K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.96	+0.102%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	226.84	+0.049%	$117K	$51K	10x	as long as short
Hotstuff NVDA-PERP	+0.0016%	1h	226.68	−0.021%	$35K	—	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.57	−0.069%	$641K	$885K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter NVDA	+0.0040%	1h	226.73	0.000%	$2.1M	$3.1M	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.96	+0.102%	—	$74K	25x	as long as short
QFEX NVDA-USD	+0.0047%	1h	226.76	+0.014%	$1.3M	$9.1M	10x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.62	−0.048%	$147.6M	$45.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.70	−0.012%	$392K	$240K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.69	−0.017%	$59K	$18K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.68	−0.021%	$1.6M	$1.9M	15x	as long as short
GRVT NVDA_USDT_Perp	+0.0058%	8h	227.01	+0.124%	$21K	$433K	10x	as long as short
Aster NVDAUSDT	+0.0083%	8h	226.86	+0.057%	$485K	$543K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.65	−0.034%	$297K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.82	+0.041%	$16K	$45K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.76	+0.014%	$36K	$20K	20x	as long as short
Variational Omni NVDA	+0.0113%	8h	226.95	+0.098%	$3.3M	$2.5M	—	as long as short
Nado NVDA-PERPlong	+0.0116%	1h	226.73	long leg	$482K	$221K	20x
Aevo NVDA-PERP	+0.0120%	1h	226.81	+0.035%	—	—	10x	as long as short
KuCoin NVDAUSDTM	+0.0121%	8h	226.86	+0.058%	$1.6M	$1.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	227.02	+0.129%	$1.3M	$682K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0147%	1h	226.71	−0.008%	$53K	$1.9M	10x	as long as short
edgeX NVDAUSDCshort	+0.0162%	4h	226.89	+0.071%	$171K	$1.9M	20x
Lighter RH NVDA	+0.0168%	1h	226.88	+0.067%	$5.1M	$6.9M	20x	as long as short
Binance NVDAUSDT	+0.0169%	8h	226.78	+0.023%	$155.5M	$223.5M	50x	as long as short
Phoenix NVDA	+0.0212%	1h	226.76	+0.014%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.48	+0.332%	$73K	$135	30x	as long as short
Arcus NVDA-USD	+0.0225%	1h	226.76	+0.014%	$392K	$740K	20x	as long as short
BloFin NVDA-USDT	+0.0289%	8h	226.80	+0.032%	$716K	$202K	20x	as long as short