Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0055%/8h= +6.1% APRpaid last 24h +0.022%

Price spread now: Nado against OKX−0.051%7-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−$38as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on OKX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.009%+$1 on $10k

Price spread, last 3 days (all we have)+0.028%+$3 · spread now −0.051%, 7d avg −0.018%

Together, before fees+0.038%+ Points / potential airdropNado: Active · farm board+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.034% cheaper against OKX than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of −0.018%). If the spread goes back, that is −$3 on $10k: about 2.0 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.009% in total) that is about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NVDA-USDT-SWAP	227.60	0	get 0.0000% / 8h	7h 54m	$14.4M	$20.7M	50x
Short	Nado NVDA-PERP	227.48	0.0055	get 0.0007% / 1h	54m 09s	$483K	$229K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against OKX. 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 OKXbpFee NadobpOrdersPrice spread, now −0.051%Rate

Funding earned: $11.65
Price spread: −0.051% → −0.018%: −$3.35
Slippage, 4 orders: −$18.04
Fee OKX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$26.74
Costs to cover: 0.350%
Break-even: 23.1 days

Slippage from OKX: live order book, 4 min ago; Nado: live order book, 19 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 OKX live order book, 4 min ago	0.22 bp	5.4 bp −$5	7.6 bp −$76	21.7 bp −$2,171	doesn't fit
Sell Nado live order book, 19 min ago	0.22 bp	14.5 bp −$14	24.0 bp −$240	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	227.56	−0.018%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.62	+0.009%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAPlong	0.0000%	8h	227.60	long leg	$14.4M	$20.7M	50x
Gate NVDA_USDT	0.0000%	8h	227.52	−0.035%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.56	−0.016%	$3.6M	$1.9M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.64	+0.018%	$20K	$406K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.14	−0.202%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	−0.053%	$197K	$516K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.66	+0.026%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.47	−0.058%	$118K	$56K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NVDAUSDT	+0.0025%	8h	227.63	+0.013%	$15.5M	$17.1M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.44	−0.070%	$535K	$447K	10x	as long as short
Binance NVDAUSDT	+0.0035%	8h	227.64	+0.018%	$156.4M	$219.0M	50x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.46	−0.062%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.56	−0.018%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.69	+0.040%	—	$74K	25x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.45	−0.066%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.32	−0.123%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERPshort	+0.0055%	1h	227.48	−0.051%	$483K	$229K	20x
Hotstuff NVDA-PERP	+0.0072%	1h	227.42	−0.079%	$35K	—	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.062%	$1.3M	$823K	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.49	−0.048%	—	—	10x	as long as short
Lighter NVDA	+0.0088%	1h	227.61	+0.006%	$2.2M	$3.2M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0096%	1h	227.54	−0.026%	$402K	$289K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.40	−0.088%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.44	−0.070%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.58	−0.009%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.53	−0.031%	$49K	$1.4M	10x	as long as short
Phoenix NVDA	+0.0106%	1h	227.48	−0.053%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0117%	8h	227.61	+0.004%	$1.6M	$742K	20x	as long as short
tradeXYZ xyz:NVDA	+0.0129%	1h	227.48	−0.053%	$148.0M	$46.8M	20x	as long as short
BloFin NVDA-USDT	+0.0139%	8h	227.63	+0.013%	$714K	$205K	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.74	+0.062%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.89	+0.127%	$73K	$135	30x	as long as short
edgeX NVDAUSDC	+0.0387%	4h	227.61	+0.005%	$170K	$1.9M	20x	as long as short