Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0039%/8h= −4.2% APRpaid last 24h −0.028%

Price spread now: Bitget against Nado+0.050%7-day average +0.039% · 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−$37as in the Price arb table

costs, in and out, $10k−$380.376% of the position

Long on Nado Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.007%−$1 on $10k

Price spread, last 3 days (all we have)−0.018%−$2 · spread now +0.050%, 7d avg +0.039%

Together, before fees−0.024%+ Points / potential airdropNado: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado NVDA-PERP	227.15	0.0061	pay 0.0008% / 1h	44m 46s	$483K	$227K	20x
Short	Bitget NVDAUSDT	227.26	0.0022	get 0.0022% / 8h	1h 44m	$15.6M	$18.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$8.14
Price spread: +0.050% → +0.039%: $1.08
Slippage, 4 orders: −$18.59
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$44.66
Costs to cover: 0.376%
Break-even: never at this rate

Slippage from Nado: live order book, 38 min ago; Bitget: live order book, 4 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, 38 min ago	1.54 bp	9.4 bp −$9	28.5 bp −$285	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.22 bp	6.9 bp −$7	10.0 bp −$100	40.8 bp −$4,083	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	−0.0032%	1h	227.10	−0.020%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.23	+0.035%	$474K	$550K	20x	as long as short
Binance NVDAUSDT	0.0000%	8h	227.28	+0.059%	$156.2M	$220.6M	50x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.27	+0.054%	$12.7M	$15.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.24	+0.041%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.22	+0.032%	$7.2M	$9.5M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.24	+0.043%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.25	+0.046%	$20K	$452K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.88	−0.117%	$3K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.31	+0.072%	$202K	$524K	30x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NVDAUSDT	0.0000%	4h	227.26	+0.050%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.14	−0.002%	$118K	$55K	10x	as long as short
Bitget NVDAUSDTshort	+0.0022%	8h	227.26	+0.050%	$15.6M	$18.2M	100x
Extended NVDA_24_5-USD	+0.0032%	1h	227.12	−0.012%	$522K	$409K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.24	+0.041%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.35	+0.090%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.12	−0.012%	$147.1M	$50.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.20	+0.024%	$390K	$281K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.11	−0.016%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.06	−0.038%	$1.6M	$2.1M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.21	+0.028%	$49K	$1.5M	10x	as long as short
Nado NVDA-PERPlong	+0.0061%	1h	227.15	long leg	$483K	$227K	20x
Phoenix NVDA	+0.0070%	1h	227.12	−0.012%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.26	+0.050%	—	—	10x	as long as short
Lighter RH NVDA	+0.0096%	1h	227.42	+0.121%	$4.9M	$7.0M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.060%	$1.3M	$911K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.11	−0.017%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.25	+0.046%	$1.6M	$754K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.11	−0.016%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.25	+0.046%	$36K	$22K	20x	as long as short
BloFin NVDA-USDT	+0.0120%	8h	227.28	+0.059%	$714K	$205K	20x	as long as short
Lighter NVDA	+0.0128%	1h	227.30	+0.069%	$2.1M	$3.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.63	+0.213%	$73K	$135	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.17	+0.010%	$388K	$709K	20x	as long as short
edgeX NVDAUSDC	+0.0741%	4h	227.24	+0.042%	$170K	$1.9M	20x	as long as short