Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0126%/8h= +13.8% APRpaid last 24h +0.037%

Price spread now: Nado against Gate−0.022%7-day average −0.001% · 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−$51as in the Price arb table

costs, in and out, $10k−$490.486% of the position

Long on Gate Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.115%+$11 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.022%, 7d avg −0.001%

Together, before fees+0.141%+ Points / potential airdropNado: Active · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.021% cheaper against Gate than usual: you would sell low and buy high (spread −0.022% now, against its 7-day average of −0.001%). If the spread goes back, that is −$2 on $10k: about 13 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NVDA_USDT	226.41	0	get 0.0000% / 8h	1h 27m	$7.2M	$9.9M	100x
Short	Nado NVDA-PERP	226.36	0.0126	get 0.0016% / 1h	27m 40s	$481K	$224K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Gate. 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 GatebpFee NadobpOrdersPrice spread, now −0.022%Rate

Funding earned: $26.45
Price spread: −0.022% → −0.001%: −$2.12
Slippage, 4 orders: −$26.56
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$24.23
Costs to cover: 0.486%
Break-even: 13.4 days

Slippage from Gate: live order book, 1 min ago; Nado: live order book, 15 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 Gate live order book, 1 min ago	0.22 bp	11.3 bp −$11	17.8 bp −$178	doesn't fit	doesn't fit
Sell Nado live order book, 15 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	226.45	+0.017%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.44	+0.013%	$12.4M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.42	+0.004%	$14.1M	$20.6M	50x	as long as short
Gate NVDA_USDTlong	0.0000%	8h	226.41	long leg	$7.2M	$9.9M	100x
Bitget NVDAUSDT	0.0000%	8h	226.49	+0.035%	$15.2M	$16.0M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.34	−0.031%	$21K	$419K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.11	−0.133%	$2K	$3.6M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	226.41	0.000%	$53K	$1.8M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.46	+0.022%	$198K	$452K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.60	+0.084%	$2.2M	$42K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0016%	1h	226.19	−0.097%	$117K	$51K	10x	as long as short
Variational Omni NVDA	+0.0016%	8h	226.32	−0.042%	$3.5M	$2.2M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.35	−0.027%	$399K	$731K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.57	+0.071%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.29	−0.053%	$147.0M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.40	−0.004%	$391K	$285K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.33	−0.035%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.08	−0.146%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.48	+0.031%	$1.3M	$9.1M	10x	as long as short
Lighter NVDA	+0.0080%	1h	226.41	+0.001%	$2.1M	$3.3M	20x	as long as short
Binance NVDAUSDT	+0.0084%	8h	226.45	+0.016%	$154.5M	$217.9M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.29	−0.055%	$297K	$46K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.39	−0.009%	$1.6M	$742K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.16	−0.110%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.43	+0.009%	$36K	$21K	20x	as long as short
Hotstuff NVDA-PERP	+0.0104%	1h	226.34	−0.031%	$35K	—	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.46	+0.022%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.26	−0.066%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.053%	$1.3M	$732K	10x	as long as short
Lighter RH NVDA	+0.0120%	1h	226.55	+0.062%	$5.0M	$7.0M	20x	as long as short
Nado NVDA-PERPshort	+0.0126%	1h	226.36	−0.022%	$481K	$224K	20x
BloFin NVDA-USDT	+0.0205%	8h	226.48	+0.031%	$715K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.67	+0.115%	$73K	$138	30x	as long as short
Extended NVDA_24_5-USD	+0.0424%	1h	226.26	−0.064%	$635K	$816K	10x	as long as short
edgeX NVDAUSDC	+0.0818%	4h	226.29	−0.051%	$170K	$1.9M	20x	as long as short