Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.038%

Price spread now: Nado against HTX−0.073%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−$440.440% of the position

Long on HTX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.040%+$4 on $10k

Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.073%, 7d avg −0.001%

Together, before fees+0.106%+ Points / potential airdropNado: Active · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.072% cheaper against HTX than usual: you would sell low and buy high (spread −0.073% now, against its 7-day average of −0.001%). If the spread goes back, that is −$7 on $10k: about 2.9 days of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.040% in total) that is about 6.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NVDA-USDT	226.78	0	get 0.0000% / 8h	2h 05m	$198K	$456K	30x
Short	Nado NVDA-PERP	226.61	0.0084	get 0.0011% / 1h	5m 01s	$482K	$226K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against HTX. 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 HTXbpFee NadobpOrdersPrice spread, now −0.073%Rate

Funding earned: $17.71
Price spread: −0.073% → −0.001%: −$7.24
Slippage, 4 orders: −$25.04
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$33.58
Costs to cover: 0.440%
Break-even: 20.3 days

Slippage from HTX: live order book, 43 min ago; Nado: live order book, 43 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 HTX live order book, 43 min ago	0.66 bp	8.3 bp −$8	9.5 bp −$95	33.8 bp −$3,384	doesn't fit
Sell Nado live order book, 43 min ago	1.54 bp	14.4 bp −$14	21.6 bp −$216	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	226.60	−0.077%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.69	−0.040%	$12.5M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.66	−0.053%	$14.2M	$20.5M	50x	as long as short
Hotstuff NVDA-PERP	0.0000%	1h	226.62	−0.071%	$35K	—	20x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.67	−0.049%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.74	−0.018%	$15.3M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.82	+0.018%	$21K	$417K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.48	−0.132%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDTlong	0.0000%	8h	226.78	long leg	$198K	$456K	30x
Phemex NVDAUSDT	0.0000%	4h	226.83	+0.022%	$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
Variational Omni NVDA	+0.0009%	8h	226.76	−0.011%	$3.6M	$2.1M	—	as long as short
Aftermath Perps NVDAUSD	+0.0010%	1h	226.53	−0.108%	$117K	$52K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.67	−0.049%	$398K	$734K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.72	−0.026%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.85	+0.031%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.59	−0.084%	$147.2M	$43.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.68	−0.044%	$398K	$278K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.59	−0.084%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.56	−0.097%	$1.6M	$2.0M	15x	as long as short
Lighter NVDA	+0.0072%	1h	226.69	−0.037%	$2.1M	$3.4M	20x	as long as short
Binance NVDAUSDT	+0.0082%	8h	226.69	−0.040%	$154.5M	$219.0M	50x	as long as short
Nado NVDA-PERPshort	+0.0084%	1h	226.61	−0.073%	$482K	$226K	20x
Pacifica NVDA	+0.0100%	1h	226.58	−0.088%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	226.70	−0.035%	$1.6M	$743K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.63	−0.066%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.68	−0.044%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.72	−0.026%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.65	−0.057%	$93K	$112K	20x	as long as short
Lighter RH NVDA	+0.0112%	1h	226.84	+0.026%	$5.1M	$7.1M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.29	−0.216%	$1.3M	$789K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0191%	1h	226.66	−0.053%	$53K	$1.8M	10x	as long as short
BloFin NVDA-USDT	+0.0202%	8h	226.73	−0.022%	$710K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.95	+0.075%	$73K	$140	30x	as long as short
Extended NVDA_24_5-USD	+0.0376%	1h	226.54	−0.104%	$668K	$766K	10x	as long as short
edgeX NVDAUSDC	+0.0738%	4h	226.73	−0.024%	$170K	$1.9M	20x	as long as short