Settings8H · net · $10k
Funding arb · Price arb /

NVDA

RWAall NVDA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0122%/8h= −13.4% APRpaid last 24h −0.042%
Price spread now: SunX against Nado−0.157%7-day average −0.103% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$870.869% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.036%−$4 on $10k
Price spread, last 3 days (all we have)+0.047%+$5 · spread now −0.157%, 7d avg −0.103%
Together, before fees+0.011%+ Points / potential airdropNado: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and SunX is 0.054% cheaper against Nado than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.103%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado NVDA-PERP227.560.0122pay 0.0015% / 1h47m 50s$484K$229K20x
ShortSunX NVDA-USDT227.200get 0.0000% / 8h5h 47m$2K$3.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
−$25.68
Price spread: −0.157% → −0.103%
−$5.39
Slippage, 4 orders
−$71.9
Fee Nado: 3.5 bp × 2 orders
−$7
Fee SunX: 4 bp × 2 orders
−$8
Net
−$117.98
Costs to cover
0.869%
Break-even
never at this rate
Slippage from Nado: live order book, 15 min ago; SunX: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 15 min ago1.10 bp8.9 bp −$922.0 bp −$220doesn't fitdoesn't fit
Sell SunX live order book, 10 min ago21.96 bp26.0 bp −$2655.7 bp −$557doesn't fitdoesn't fit

NVDA on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit NVDAUSDT0.0000%8h227.66+0.045%$12.7M$14.8M100xas long as short
OKX NVDA-USDT-SWAP0.0000%8h227.66+0.045%$14.4M$20.2M50xas long as short
Gate NVDA_USDT0.0000%8h227.62+0.028%$7.2M$9.6M100xas long as short
Bitget NVDAUSDT0.0000%8h227.75+0.085%$15.4M$16.3M100xas long as short
GRVT NVDA_USDT_Perp0.0000%8h227.76+0.089%$20K$385K10xas long as short
SunX NVDA-USDTshort0.0000%8h227.20−0.157%$2K$3.7M20x
HTX NVDA-USDT0.0000%8h227.84+0.124%$198K$480K30xas long as short
Phemex NVDAUSDT0.0000%4h227.78+0.098%$2.2M$43K10xas long as short
Aster NVDAUSDT+0.0002%8h227.68+0.053%$483K$590K20xas long as short
Aftermath Perps NVDAUSD+0.0012%1h227.53−0.011%$118K$54K10xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni NVDA+0.0027%8h227.69+0.059%$3.5M$2.0Mas long as short
Arcus NVDA-USD+0.0040%1h227.72+0.072%$406K$712K20xas long as short
QFEX NVDA-USD+0.0044%1h227.66+0.045%$1.4M$9.7M10xas long as short
Vest NVDA-USD-PERP+0.0046%1h227.79+0.102%$74K25xas long as short
tradeXYZ xyz:NVDA+0.0050%1h227.53−0.012%$148.0M$44.2M20xas long as short
Polymarket Perps NVDA-USD+0.0050%1h227.62+0.028%$401K$277K10xas long as short
SoDEX NVDA-USD+0.0050%1h227.53−0.012%$58K$19K10xas long as short
Ondo Perps NVDA-USD.P+0.0050%1h227.52−0.016%$1.6M$2.0M15xas long as short
Hotstuff NVDA-PERP+0.0064%1h227.52−0.016%$35K20xas long as short
Coinbase International NVDA-PERP-INTX+0.0072%1h227.46−0.043%$1.3M$776K10xas long as short
Binance NVDAUSDT+0.0087%8h227.70+0.063%$156.3M$215.3M50xas long as short
Pacifica NVDA+0.0100%1h227.53−0.011%$299K$60K10xas long as short
ApeX Omni NVDAUSDT+0.0100%1h227.57+0.006%$16K$44K50xas long as short
Orderly PERP_NVDA_USDC+0.0100%8h227.65+0.041%$36K$22K20xas long as short
Aevo NVDA-PERP+0.0104%1h227.66+0.044%10xas long as short
Phoenix NVDA+0.0105%1h227.58+0.010%$94K$112K20xas long as short
Nado NVDA-PERPlong+0.0122%1h227.56long leg$484K$229K20x
KuCoin NVDAUSDTM+0.0129%8h227.72+0.072%$1.6M$723K20xas long as short
Deribit NVDA_USDC-PERPETUAL+0.0146%1h227.61+0.023%$49K$1.6M10xas long as short
Lighter NVDA+0.0168%1h227.68+0.055%$2.2M$3.2M20xas long as short
Lighter RH NVDA+0.0208%1h227.82+0.115%$5.1M$7.0M20xas long as short
Injective NVDA/USDC PERP+0.0220%1h227.91+0.155%$73K$13430xas long as short
Extended NVDA_24_5-USD+0.0240%1h227.51−0.021%$689K$714K10xas long as short
edgeX NVDAUSDC+0.0375%4h227.68+0.055%$170K$1.9M20xas long as short