Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0065%/8h= +7.1% APRpaid last 24h +0.043%

Price spread now: Nado against Bybit−0.032%7-day average −0.010% · 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−$360.359% of the position

Long on Bybit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.029%+$3 on $10k

Price spread, last 3 days (all we have)+0.025%+$3 · spread now −0.032%, 7d avg −0.010%

Together, before fees+0.055%+ Points / potential airdropNado: Active · farm board+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.023% cheaper against Bybit than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of −0.010%). If the spread goes back, that is −$2 on $10k: about 28 hours of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.029% in total) that is about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NVDAUSDT	227.80	0	get 0.0000% / 8h	6h 58m	$12.7M	$15.3M	100x
Short	Nado NVDA-PERP	227.73	0.0065	get 0.0008% / 1h	58m 18s	$484K	$229K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bybit. 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 BybitbpFee NadobpOrdersPrice spread, now −0.032%Rate

Funding earned: $13.62
Price spread: −0.032% → −0.010%: −$2.28
Slippage, 4 orders: −$17.86
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$24.52
Costs to cover: 0.359%
Break-even: 19.6 days

Slippage from Bybit: live order book, just now; Nado: live order book, 10 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 Bybit live order book, just now	0.22 bp	6.2 bp −$6	9.7 bp −$97	66.3 bp −$6,635	doesn't fit
Sell Nado live order book, 10 min ago	1.32 bp	12.3 bp −$12	20.9 bp −$209	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 NVDAUSDTlong	0.0000%	8h	227.80	long leg	$12.7M	$15.3M	100x
OKX NVDA-USDT-SWAP	0.0000%	8h	227.78	−0.009%	$14.4M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.75	−0.022%	$7.2M	$9.5M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.31	−0.215%	$2K	$3.8M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.76	−0.018%	$49K	$1.5M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.82	+0.009%	$198K	$505K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.88	+0.035%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0003%	8h	227.80	−0.001%	$484K	$582K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.85	+0.020%	$118K	$55K	10x	as long as short
Variational Omni NVDA	+0.0019%	8h	227.86	+0.024%	$3.5M	$1.9M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	227.69	−0.046%	$682K	$687K	10x	as long as short
Bitget NVDAUSDT	+0.0034%	8h	227.86	+0.026%	$15.4M	$16.8M	100x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.71	−0.040%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.83	+0.013%	$1.5M	$10.7M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.95	+0.066%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.68	−0.053%	$148.1M	$46.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.78	−0.009%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.68	−0.053%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.70	−0.044%	$1.5M	$2.1M	15x	as long as short
Nado NVDA-PERPshort	+0.0065%	1h	227.73	−0.032%	$484K	$229K	20x
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.149%	$1.3M	$798K	10x	as long as short
Lighter RH NVDA	+0.0080%	1h	227.94	+0.061%	$5.1M	$7.0M	20x	as long as short
Hotstuff NVDA-PERP	+0.0080%	1h	227.69	−0.048%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0088%	8h	227.80	0.000%	$156.4M	$216.9M	50x	as long as short
Lighter NVDA	+0.0096%	1h	227.80	0.000%	$2.2M	$3.2M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.71	−0.039%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.74	−0.026%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.80	0.000%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.80	+0.001%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	227.75	−0.022%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0144%	8h	227.88	+0.035%	$1.6M	$735K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0182%	8h	227.92	+0.053%	$20K	$392K	10x	as long as short
BloFin NVDA-USDT	+0.0208%	8h	227.88	+0.035%	$720K	$205K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.20	+0.176%	$73K	$133	30x	as long as short
edgeX NVDAUSDC	+0.0342%	4h	227.88	+0.034%	$170K	$1.9M	20x	as long as short