Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC+0.0011%/8hnext payment +$0.01 per $10,000 · paid last 24h −0.009%

Price spread now: Coinbase International against Nado−0.017%45s7-day average −0.045% · 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—prices read too far apart to compare

costs, in and out, $10k−$310.311% of the position

Long on Nado Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.027%+$3 on $10k

Price spread, last 3 days (all we have)−0.069%−$7 · spread now −0.017%, 7d avg −0.045%

Together, before fees−0.042%+ Points / potential airdropNado: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Coinbase International is 0.028% dearer against Nado than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.045%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado NVDA-PERP	227.47	0.0109	pay 0.0014% / 1h	23m 18s	$478K	$216K	20x
Short	Coinbase International NVDA-PERP-INTX	227.43	0.0120	get 0.0015% / 1h	23m 18s	$1.3M	$816K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.017%Rate

Funding earned: $2.21
Price spread: −0.017% → −0.045%: $2.79
Slippage, 4 orders: −$14.13
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$26.13
Costs to cover: 0.311%
Break-even: 89.6 days

Slippage from Nado: live order book, 9 min ago; Coinbase International: live order book, 5 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, 9 min ago	1.54 bp	9.3 bp −$9	19.7 bp −$197	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	1.54 bp	7.1 bp −$7	10.2 bp −$102	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	227.55	+0.035%	$12.8M	$14.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.56	+0.040%	$14.4M	$20.4M	50x	as long as short
Hotstuff NVDA-PERP	0.0000%	1h	227.49	+0.009%	$35K	—	20x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.49	+0.009%	$7.2M	$8.9M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.69	+0.097%	$20K	$486K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.19	−0.123%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.66	+0.084%	$197K	$437K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.64	+0.075%	$2.2M	$41K	10x	as long as short
Variational Omni NVDA	+0.0011%	8h	227.59	+0.055%	$3.3M	$2.2M	—	as long as short
Aster NVDAUSDT	+0.0029%	8h	227.58	+0.048%	$511K	$393K	20x	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	227.44	−0.014%	$530K	$332K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.61	+0.062%	$413K	$634K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.73	+0.114%	—	$73K	25x	as long as short
QFEX NVDA-USD	+0.0050%	1h	227.58	+0.048%	$1.5M	$10.8M	10x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.49	+0.009%	$147.6M	$47.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.52	+0.022%	$396K	$220K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.49	+0.009%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.33	−0.061%	$1.6M	$2.0M	15x	as long as short
Binance NVDAUSDT	+0.0081%	8h	227.59	+0.053%	$156.6M	$208.0M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.44	−0.012%	$299K	$52K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.59	+0.053%	$1.6M	$705K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.58	+0.048%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.58	+0.048%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.54	+0.031%	$49K	$1.4M	10x	as long as short
Lighter RH NVDA	+0.0104%	1h	227.74	+0.119%	$4.8M	$6.8M	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.59	+0.054%	—	—	10x	as long as short
Nado NVDA-PERPlong	+0.0109%	1h	227.47	long leg	$478K	$216K	20x
Coinbase International NVDA-PERP-INTXshort	+0.0120%	1h	227.43	−0.017%	$1.3M	$816K	10x
Aftermath Perps NVDAUSD	+0.0159%	1h	227.58	+0.046%	$118K	$53K	10x	as long as short
Bitget NVDAUSDT	+0.0186%	8h	227.59	+0.053%	$15.8M	$17.6M	100x	as long as short
Lighter NVDA	+0.0192%	1h	227.65	+0.081%	$2.1M	$3.2M	20x	as long as short
BloFin NVDA-USDT	+0.0202%	8h	227.67	+0.088%	$728K	$198K	20x	as long as short
Phoenix NVDA	+0.0211%	1h	227.65	+0.079%	$94K	$112K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.194%	$73K	$127	30x	as long as short
edgeX NVDAUSDC	+0.0873%	4h	227.67	+0.088%	$166K	$1.8M	20x	as long as short