NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0017%/8h= +1.9% APRnext payment +$0.02 per $10,000 · paid last 24h −0.007%

Price spread now: Nado against Phoenix−0.033%57s7-day average +0.007% · 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−$430.431% of the position

Long on Phoenix Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.033%, 7d avg +0.007%

Together, before fees+0.046%+ Points / potential airdropNado: Active · farm board+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.040% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.007%). If the spread goes back, that is −$4 on $10k: about 7.9 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.004% in total) that is about 37 days. The two prices were read 57 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	Phoenix NVDA	226.39	0.0106	pay 0.0013% / 1h	25m 44s	$93K	$112K	20x
Short	Nado NVDA-PERP	226.31	0.0123	get 0.0015% / 1h	25m 44s	$481K	$224K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Phoenix. 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 PhoenixbpFee NadobpOrdersPrice spread, now −0.033%Rate

Funding earned: $3.56
Price spread: −0.033% → +0.007%: −$4.03
Slippage, 4 orders: −$29.13
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$43.59
Costs to cover: 0.431%
Break-even: 92.6 days

Slippage from Phoenix: live order book, 9 min ago; Nado: live order book, 17 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 Phoenix live order book, 9 min ago	3.10 bp	9.1 bp −$9	19.3 bp −$193	doesn't fit	doesn't fit
Sell Nado live order book, 17 min ago	0.66 bp	14.9 bp −$15	23.8 bp −$238	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
Aster NVDAUSDT	0.0000%	8h	226.48	+0.038%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.50	+0.049%	$12.4M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.46	+0.031%	$14.1M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.50	+0.049%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.48	+0.040%	$15.2M	$16.0M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.34	−0.022%	$21K	$419K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.13	−0.115%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.57	+0.080%	$198K	$451K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.59	+0.088%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	226.22	−0.074%	$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
Variational Omni NVDA	+0.0016%	8h	226.48	+0.038%	$3.4M	$2.3M	—	as long as short
edgeX NVDAUSDC	+0.0039%	4h	226.42	+0.013%	$170K	$1.9M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.37	−0.009%	$399K	$731K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.57	+0.080%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.37	−0.009%	$147.1M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.42	+0.013%	$391K	$285K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.36	−0.013%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.27	−0.053%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.46	+0.031%	$1.3M	$9.1M	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0059%	1h	226.41	+0.009%	$52K	$1.8M	10x	as long as short
Lighter NVDA	+0.0080%	1h	226.47	+0.037%	$2.1M	$3.3M	20x	as long as short
Hotstuff NVDA-PERP	+0.0080%	1h	226.35	−0.018%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0083%	8h	226.50	+0.049%	$154.5M	$218.0M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.35	−0.018%	$297K	$46K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.42	+0.013%	$1.6M	$742K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.36	−0.013%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.45	+0.027%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.47	+0.035%	—	—	10x	as long as short
Phoenix NVDAlong	+0.0106%	1h	226.39	long leg	$93K	$112K	20x
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.044%	$1.3M	$732K	10x	as long as short
Lighter RH NVDA	+0.0120%	1h	226.61	+0.097%	$5.0M	$7.0M	20x	as long as short
Nado NVDA-PERPshort	+0.0123%	1h	226.31	−0.033%	$481K	$224K	20x
BloFin NVDA-USDT	+0.0204%	8h	226.48	+0.040%	$715K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.67	+0.124%	$73K	$138	30x	as long as short
Extended NVDA_24_5-USD	+0.0408%	1h	226.31	−0.033%	$623K	$833K	10x	as long as short