Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h +0.028%

Price spread now: Nado against Variational Omni−0.062%7-day average −0.006% · you buy dearer than you sell

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

Long on Variational Omni Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.015%+$2 on $10k

Price spread, last 3 days (all we have)+0.027%+$3 · spread now −0.062%, 7d avg −0.006%

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

Funding pays, the price is against you. Nado is 0.056% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of −0.006%). If the spread goes back, that is −$6 on $10k: about 2.3 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.015% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NVDA	227.50	0	get 0.0000% / 8h	40m 12s	$3.6M	$2.1M	—
Short	Nado NVDA-PERP	227.36	0.0083	get 0.0010% / 1h	40m 12s	$484K	$229K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Variational Omni. 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 Variational OmnibpFee NadobpOrdersPrice spread, now −0.062%Rate

Funding earned: $17.47
Price spread: −0.062% → −0.006%: −$5.62
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $4.84
Costs to cover: 0.070%
Break-even: 5.1 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Nado: live order book, 38 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 Variational Omni RFQ quote, 4 min ago	2.79 bp	doesn't fit	5.9 bp −$59	doesn't fit	doesn't fit
Sell Nado live order book, 38 min ago	1.32 bp	11.8 bp −$12	25.0 bp −$250	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	227.42	−0.034%	$482K	$587K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.48	−0.007%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.47	−0.012%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.41	−0.038%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDAlong	0.0000%	8h	227.50	long leg	$3.6M	$2.1M	—
GRVT NVDA_USDT_Perp	0.0000%	8h	227.56	+0.028%	$20K	$416K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.99	−0.223%	$3K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	−0.007%	$198K	$523K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.62	+0.054%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0030%	1h	227.45	−0.019%	$118K	$55K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NVDAUSDT	+0.0045%	8h	227.53	+0.015%	$15.6M	$17.7M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.56	+0.028%	—	$74K	25x	as long as short
Binance NVDAUSDT	+0.0046%	8h	227.51	+0.006%	$156.3M	$220.1M	50x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.38	−0.051%	$147.5M	$48.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.38	−0.051%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.38	−0.051%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.40	−0.042%	$1.6M	$2.1M	15x	as long as short
Extended NVDA_24_5-USD	+0.0056%	1h	227.32	−0.077%	$536K	$446K	10x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.49	−0.003%	$1.6M	$11.4M	10x	as long as short
Nado NVDA-PERPshort	+0.0083%	1h	227.36	−0.062%	$484K	$229K	20x
Aevo NVDA-PERP	+0.0096%	1h	227.49	−0.001%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.214%	$1.3M	$861K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.36	−0.061%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.51	+0.006%	$1.6M	$744K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.38	−0.051%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.50	+0.002%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.47	−0.012%	$94K	$112K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.35	−0.064%	$400K	$724K	20x	as long as short
Hotstuff NVDA-PERP	+0.0128%	1h	227.37	−0.056%	$35K	—	20x	as long as short
BloFin NVDA-USDT	+0.0166%	8h	227.49	−0.003%	$713K	$204K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.72	+0.098%	$73K	$136	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0234%	1h	227.45	−0.020%	$49K	$1.4M	10x	as long as short
Lighter RH NVDA	+0.0240%	1h	227.67	+0.076%	$5.1M	$7.2M	20x	as long as short
Lighter NVDA	+0.0248%	1h	227.54	+0.019%	$2.1M	$3.3M	20x	as long as short
edgeX NVDAUSDC	+0.0643%	4h	227.53	+0.013%	$170K	$1.9M	20x	as long as short