Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0089%/8h= −9.7% APRpaid last 24h −0.047%

Price spread now: GRVT against Nado+0.048%7-day average +0.001% · 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−$29as in the Price arb table

costs, in and out, $10k−$340.341% of the position

Long on Nado Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.034%−$3 on $10k

Price spread, last 3 days (all we have)−0.013%−$1 · spread now +0.048%, 7d avg +0.001%

Together, before fees−0.047%+ Points / potential airdropNado: Active · GRVT: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.047% dearer against Nado than usual: you sell high and buy low (spread +0.048% now, against its 7-day average of +0.001%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 42 hours. At the pace of the last 3 days (−0.034% in total) that is about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado NVDA-PERP	227.41	0.0089	pay 0.0011% / 1h	43m 08s	$484K	$228K	20x
Short	GRVT NVDA_USDT_Perp	227.52	0	get 0.0000% / 8h	43m 08s	$20K	$427K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$18.69
Price spread: +0.048% → +0.001%: $4.72
Slippage, 4 orders: −$18.14
Fee Nado: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$48.12
Costs to cover: 0.341%
Break-even: never at this rate

Slippage from Nado: live order book, 35 min ago; GRVT: live order book, 34 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, 35 min ago	1.32 bp	10.1 bp −$10	19.9 bp −$199	doesn't fit	doesn't fit
Sell GRVT live order book, 34 min ago	0.88 bp	6.8 bp −$7	11.0 bp −$110	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	227.42	+0.004%	$482K	$587K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.58	+0.074%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.52	+0.048%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.48	+0.030%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.45	+0.016%	$3.6M	$2.1M	—	as long as short
GRVT NVDA_USDT_Perpshort	0.0000%	8h	227.52	+0.048%	$20K	$427K	10x
SunX NVDA-USDT	0.0000%	8h	227.03	−0.168%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	+0.030%	$198K	$524K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.62	+0.092%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0030%	1h	227.40	−0.006%	$118K	$55K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NVDA-PERP	+0.0040%	1h	227.44	+0.013%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0044%	8h	227.57	+0.070%	$156.4M	$220.2M	50x	as long as short
Bitget NVDAUSDT	+0.0045%	8h	227.61	+0.088%	$15.6M	$17.7M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.61	+0.088%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.42	+0.004%	$147.5M	$48.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.46	+0.022%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.42	+0.004%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.30	−0.049%	$1.6M	$2.1M	15x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.54	+0.057%	$1.6M	$11.4M	10x	as long as short
Extended NVDA_24_5-USD	+0.0064%	1h	227.35	−0.027%	$536K	$446K	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.56	+0.067%	—	—	10x	as long as short
Nado NVDA-PERPlong	+0.0089%	1h	227.41	long leg	$484K	$228K	20x
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.176%	$1.3M	$862K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.41	0.000%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.51	+0.044%	$1.6M	$745K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.38	−0.014%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.55	+0.061%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.47	+0.026%	$94K	$112K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.40	−0.005%	$400K	$724K	20x	as long as short
BloFin NVDA-USDT	+0.0164%	8h	227.49	+0.035%	$713K	$204K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.72	+0.136%	$73K	$136	30x	as long as short
Lighter RH NVDA	+0.0240%	1h	227.70	+0.127%	$5.1M	$7.2M	20x	as long as short
Lighter NVDA	+0.0256%	1h	227.59	+0.080%	$2.1M	$3.3M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0366%	1h	227.54	+0.057%	$49K	$1.4M	10x	as long as short
edgeX NVDAUSDC	+0.0643%	4h	227.53	+0.051%	$170K	$1.9M	20x	as long as short