Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.023%

Price spread now: Aster against Nado−0.006%7-day average +0.019% · 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−$36as in the Price arb table

costs, in and out, $10k−$340.335% of the position

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.013%−$1 on $10k

Price spread, last 3 days (all we have)+0.018%+$2 · spread now −0.006%, 7d avg +0.019%

Together, before fees+0.005%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.025% cheaper against Nado than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.019%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado NVDA-PERP	227.78	0.0086	pay 0.0011% / 1h	1m 30s	$484K	$229K	20x
Short	Aster NVDAUSDT	227.77	0.0002	get 0.0002% / 8h	7h 01m	$484K	$582K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$17.71
Price spread: −0.006% → +0.019%: −$2.46
Slippage, 4 orders: −$18.52
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$53.69
Costs to cover: 0.335%
Break-even: never at this rate

Slippage from Nado: live order book, 6 min ago; Aster: live order book, 6 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, 6 min ago	1.32 bp	11.1 bp −$11	24.2 bp −$242	doesn't fit	doesn't fit
Sell Aster live order book, 6 min ago	0.66 bp	4.7 bp −$5	11.5 bp −$115	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	227.88	+0.043%	$12.7M	$15.2M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.84	+0.025%	$14.4M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.82	+0.017%	$7.2M	$9.7M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.41	−0.163%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.90	+0.052%	$198K	$505K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.96	+0.078%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDTshort	+0.0002%	8h	227.77	−0.006%	$484K	$582K	20x
Aftermath Perps NVDAUSD	+0.0012%	1h	227.85	+0.028%	$118K	$55K	10x	as long as short
Variational Omni NVDA	+0.0013%	8h	227.92	+0.062%	$3.5M	$1.9M	—	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0013%	1h	227.80	+0.008%	$49K	$1.5M	10x	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	227.75	−0.016%	$636K	$597K	10x	as long as short
Bitget NVDAUSDT	+0.0039%	8h	227.91	+0.056%	$15.4M	$16.8M	100x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.73	−0.023%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.86	+0.034%	$1.5M	$10.8M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.98	+0.087%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.75	−0.014%	$148.1M	$46.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.85	+0.030%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.75	−0.014%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.73	−0.023%	$1.5M	$2.1M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.141%	$1.3M	$798K	10x	as long as short
Nado NVDA-PERPlong	+0.0086%	1h	227.78	long leg	$484K	$229K	20x
Binance NVDAUSDT	+0.0087%	8h	227.90	+0.050%	$156.5M	$217.0M	50x	as long as short
Hotstuff NVDA-PERP	+0.0088%	1h	227.74	−0.019%	$35K	—	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.75	−0.016%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.74	−0.019%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.86	+0.034%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.84	+0.027%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	227.75	−0.014%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0145%	8h	227.91	+0.056%	$1.6M	$735K	20x	as long as short
Lighter NVDA	+0.0152%	1h	227.89	+0.046%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	228.05	+0.118%	$5.1M	$7.1M	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0190%	8h	227.92	+0.058%	$21K	$391K	10x	as long as short
BloFin NVDA-USDT	+0.0205%	8h	227.93	+0.065%	$719K	$205K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.20	+0.183%	$73K	$140	30x	as long as short
edgeX NVDAUSDC	+0.0342%	4h	227.88	+0.042%	$170K	$1.9M	20x	as long as short