Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h +0.012%

Price spread now: Nado against Orderly−0.053%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.053% cheaper against Orderly than usual: you would sell low and buy high (spread −0.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 4.2 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NVDA_USDC	227.69	0.0100	pay 0.0100% / 8h	5h 51m	$36K	$22K	20x
Short	Nado NVDA-PERP	227.57	0.0142	get 0.0018% / 1h	51m 15s	$484K	$229K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Orderly. 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 OrderlybpFee NadobpOrdersPrice spread, now −0.053%Rate

Funding earned: $8.85
Price spread: −0.053% → 0.000%: −$5.26
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$9.4
Costs to cover: 0.130%
Break-even: 14.4 days

Slippage unknown: Orderly: no order-book sample; Nado: live order book, 12 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 Orderly no order-book sample	—	—	—	—	—
Sell Nado live order book, 12 min ago	1.10 bp	13.9 bp −$14	23.3 bp −$233	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NVDA on 34 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	227.69	0.000%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.68	−0.004%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.65	−0.018%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.76	+0.031%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.76	+0.031%	$20K	$385K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.27	−0.184%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.84	+0.066%	$198K	$481K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.78	+0.040%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0003%	8h	227.75	+0.026%	$484K	$590K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.53	−0.070%	$118K	$54K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0024%	8h	227.76	+0.030%	$3.5M	$2.0M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.72	+0.013%	$406K	$712K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.70	+0.004%	$1.4M	$9.7M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.82	+0.057%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.55	−0.061%	$148.1M	$44.2M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.64	−0.022%	$402K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.56	−0.057%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.52	−0.075%	$1.6M	$2.0M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.65	−0.018%	$49K	$1.6M	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.101%	$1.3M	$776K	10x	as long as short
Binance NVDAUSDT	+0.0087%	8h	227.74	+0.024%	$156.3M	$215.2M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.56	−0.056%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.57	−0.053%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDClong	+0.0100%	8h	227.69	long leg	$36K	$22K	20x
Aevo NVDA-PERP	+0.0104%	1h	227.67	−0.010%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.65	−0.018%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0130%	8h	227.78	+0.040%	$1.6M	$726K	20x	as long as short
Nado NVDA-PERPshort	+0.0142%	1h	227.57	−0.053%	$484K	$229K	20x
Hotstuff NVDA-PERP	+0.0144%	1h	227.55	−0.061%	$35K	—	20x	as long as short
Lighter NVDA	+0.0184%	1h	227.75	+0.024%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0200%	1h	227.86	+0.075%	$5.1M	$7.0M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.097%	$73K	$134	30x	as long as short
Extended NVDA_24_5-USD	+0.0232%	1h	227.56	−0.055%	$689K	$714K	10x	as long as short
edgeX NVDAUSDC	+0.0375%	4h	227.68	−0.003%	$170K	$1.9M	20x	as long as short