Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h −0.018%

Price spread now: Variational Omni against Nado+0.028%7-day average +0.011% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.028%, 7d avg +0.011%

Together, before fees−0.010%+ Points / potential airdropNado: Active · Variational Omni: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.011%, 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	226.01	0.0062	pay 0.0008% / 1h	21m 20s	$480K	$222K	20x
Short	Variational Omni NVDA	226.07	0.0086	get 0.0086% / 8h	7h 21m	$3.2M	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.028%Rate

Funding earned: $5.01
Price spread: +0.028% → +0.011%: $1.7
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$0.29
Costs to cover: 0.070%
Break-even: 7.4 days

Slippage unknown: Nado: live order book, 12 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

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, 12 min ago	0.88 bp	8.4 bp −$8	26.7 bp −$267	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.79 bp	doesn't fit	5.6 bp −$56	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
Hotstuff NVDA-PERP	−0.0104%	1h	226.04	+0.015%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.20	+0.085%	$12.5M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.19	+0.081%	$14.1M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.18	+0.076%	$7.2M	$10.0M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.25	+0.107%	$15.8M	$15.9M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.22	+0.093%	$21K	$431K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.92	−0.039%	$2K	$3.5M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.28	+0.121%	$198K	$437K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.43	+0.187%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	225.98	−0.011%	$117K	$51K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter NVDA	+0.0032%	1h	226.10	+0.043%	$2.1M	$3.2M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.00	−0.005%	$640K	$874K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.14	+0.059%	$392K	$739K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.30	+0.130%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.05	+0.019%	$146.8M	$43.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.05	+0.019%	$390K	$240K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.09	+0.037%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.01	+0.001%	$1.6M	$1.9M	15x	as long as short
Lighter RH NVDA	+0.0056%	1h	226.27	+0.116%	$5.1M	$7.1M	20x	as long as short
Nado NVDA-PERPlong	+0.0062%	1h	226.01	long leg	$480K	$222K	20x
Aster NVDAUSDT	+0.0062%	8h	226.21	+0.089%	$483K	$544K	20x	as long as short
QFEX NVDA-USD	+0.0072%	1h	226.20	+0.085%	$1.3M	$9.1M	10x	as long as short
Variational Omni NVDAshort	+0.0086%	8h	226.07	+0.028%	$3.2M	$2.5M	—
Pacifica NVDA	+0.0100%	1h	226.02	+0.006%	$297K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.02	+0.006%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.19	+0.081%	$36K	$20K	20x	as long as short
KuCoin NVDAUSDTM	+0.0103%	8h	226.22	+0.094%	$1.6M	$999K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.22	+0.095%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.00	−0.003%	$1.3M	$682K	10x	as long as short
Binance NVDAUSDT	+0.0148%	8h	226.26	+0.110%	$155.1M	$222.2M	50x	as long as short
Phoenix NVDA	+0.0212%	1h	226.03	+0.010%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.54	+0.236%	$73K	$138	30x	as long as short
BloFin NVDA-USDT	+0.0267%	8h	226.24	+0.103%	$714K	$199K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0281%	1h	226.15	+0.063%	$53K	$1.9M	10x	as long as short
edgeX NVDAUSDC	+0.0643%	4h	226.20	+0.085%	$171K	$1.9M	20x	as long as short