Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0082%/8h= +8.9% APRpaid last 24h +0.032%

Price spread now: Nado against Variational Omni−0.055%7-day average −0.005% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.014%+$1 on $10k

Price spread, last 3 days (all we have)+0.017%+$2 · spread now −0.055%, 7d avg −0.005%

Together, before fees+0.031%+ Points / potential airdropVariational Omni: Active · Nado: Active · farm board+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.050% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of −0.005%). If the spread goes back, that is −$5 on $10k: about 2.1 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.014% in total) that is about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NVDA	227.43	0	get 0.0000% / 8h	1h 30m	$3.5M	$2.3M	—
Short	Nado NVDA-PERP	227.30	0.0082	get 0.0010% / 1h	30m 45s	$484K	$227K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Variational Omni. 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 Variational OmnibpFee NadobpOrdersPrice spread, now −0.055%Rate

Funding earned: $17.15
Price spread: −0.055% → −0.005%: −$5.03
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $5.12
Costs to cover: 0.070%
Break-even: 4.9 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Nado: live order book, 52 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 3 min ago	2.79 bp	doesn't fit	5.6 bp −$56	doesn't fit	doesn't fit
Sell Nado live order book, 52 min ago	1.54 bp	13.3 bp −$13	28.7 bp −$287	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
Hotstuff NVDA-PERP	−0.0008%	1h	227.30	−0.057%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.49	+0.027%	$474K	$578K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.43	+0.001%	$12.7M	$15.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.46	+0.014%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.39	−0.017%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDAlong	0.0000%	8h	227.43	long leg	$3.5M	$2.3M	—
GRVT NVDA_USDT_Perp	0.0000%	8h	227.46	+0.016%	$20K	$441K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.02	−0.180%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.41	−0.008%	$202K	$522K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.52	+0.040%	$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	+0.0006%	8h	227.46	+0.014%	$156.1M	$220.7M	50x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	227.34	−0.037%	$118K	$55K	10x	as long as short
Bitget NVDAUSDT	+0.0021%	8h	227.48	+0.022%	$15.6M	$17.8M	100x	as long as short
BloFin NVDA-USDT	+0.0022%	8h	227.50	+0.031%	$713K	$204K	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.25	−0.080%	$526K	$416K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.44	+0.005%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.51	+0.036%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.30	−0.057%	$147.3M	$49.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.36	−0.030%	$401K	$290K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.32	−0.048%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.30	−0.057%	$1.6M	$2.1M	15x	as long as short
Phoenix NVDA	+0.0070%	1h	227.38	−0.021%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.46	+0.012%	—	—	10x	as long as short
Nado NVDA-PERPshort	+0.0082%	1h	227.30	−0.055%	$484K	$227K	20x
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.184%	$1.3M	$888K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.30	−0.057%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.46	+0.014%	$1.6M	$754K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.33	−0.043%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.43	+0.001%	$36K	$22K	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.59	+0.071%	$4.9M	$7.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0146%	1h	227.36	−0.030%	$49K	$1.5M	10x	as long as short
Lighter NVDA	+0.0160%	1h	227.47	+0.018%	$2.1M	$3.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.61	+0.080%	$73K	$136	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.35	−0.035%	$388K	$709K	20x	as long as short
edgeX NVDAUSDC	+0.0521%	4h	227.48	+0.021%	$170K	$1.9M	20x	as long as short