Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.032%

Price spread now: Gate against Nado+0.011%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$440.445% of the position

Long on Nado Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.121%−$12 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.011%, 7d avg +0.002%

Together, before fees−0.132%+ Points / potential airdropNado: Active · farm board−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado NVDA-PERP	227.48	0.0094	pay 0.0012% / 1h	48m 05s	$478K	$210K	20x
Short	Gate NVDA_USDT	227.50	0	get 0.0000% / 8h	5h 48m	$7.2M	$9.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Nado. 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 NadobpFee GatebpOrdersPrice spread, now +0.011%Rate

Funding earned: −$19.78
Price spread: +0.011% → +0.002%: $0.89
Slippage, 4 orders: −$22.45
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$63.34
Costs to cover: 0.445%
Break-even: never at this rate

Slippage from Nado: live order book, 63 min ago; Gate: live order book, 3 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 Nado live order book, 63 min ago	1.10 bp	8.6 bp −$9	19.3 bp −$193	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	0.22 bp	10.9 bp −$11	18.6 bp −$186	doesn't fit	doesn't fit

NVDA on 35 exchanges

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
Hotstuff NVDA-PERP	−0.1600%	1h	225.99	−0.653%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.56	+0.037%	$12.7M	$16.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.58	+0.046%	$14.4M	$20.5M	50x	as long as short
Gate NVDA_USDTshort	0.0000%	8h	227.50	+0.011%	$7.2M	$9.2M	100x
Bitget NVDAUSDT	0.0000%	8h	227.61	+0.059%	$15.7M	$16.1M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.13	−0.152%	$2K	$3.4M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.41	−0.029%	$16K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.51	+0.015%	$199K	$400K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.55	+0.033%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.41	−0.028%	$118K	$52K	10x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NVDA_USDT_Perp	+0.0019%	8h	227.47	−0.004%	$20K	$432K	10x	as long as short
Lighter NVDA	+0.0032%	1h	227.50	+0.012%	$2.1M	$3.1M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.40	−0.033%	$613K	$939K	10x	as long as short
Aster NVDAUSDT	+0.0038%	8h	227.55	+0.033%	$484K	$565K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.47	−0.002%	$1.3M	$9.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.73	+0.112%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.44	−0.015%	$149.0M	$45.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.48	+0.002%	$392K	$237K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.45	−0.011%	$59K	$16K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.36	−0.051%	$1.5M	$2.0M	15x	as long as short
Nado NVDA-PERPlong	+0.0094%	1h	227.48	long leg	$478K	$210K	20x
Lighter RH NVDA	+0.0096%	1h	227.66	+0.081%	$5.1M	$7.1M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.41	−0.029%	$298K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.36	−0.051%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.51	+0.015%	$36K	$19K	20x	as long as short
Variational Omni NVDA	+0.0116%	8h	227.53	+0.023%	$3.3M	$2.4M	—	as long as short
Aevo NVDA-PERP	+0.0120%	1h	227.53	+0.026%	—	—	10x	as long as short
KuCoin NVDAUSDTM	+0.0132%	8h	227.52	+0.020%	$1.6M	$1.3M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.45	−0.451%	$1.3M	$657K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.50	+0.011%	$94K	$82K	20x	as long as short
Binance NVDAUSDT	+0.0170%	8h	227.57	+0.042%	$156.1M	$225.0M	50x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.74	+0.116%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0288%	8h	227.59	+0.051%	$729K	$204K	20x	as long as short
Arcus NVDA-USD	+0.0320%	1h	227.48	+0.002%	$384K	$704K	20x	as long as short
edgeX NVDAUSDC	+0.0913%	4h	227.49	+0.006%	$171K	$1.9M	20x	as long as short