Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.032%

Price spread now: Variational Omni against Nado+0.063%7-day average +0.005% · you sell dearer than you buy

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

Long on Nado Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.014%−$1 on $10k

Price spread, last 3 days (all we have)−0.026%−$3 · spread now +0.063%, 7d avg +0.005%

Together, before fees−0.040%+ Points / potential airdropNado: Active · Variational Omni: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.058% dearer against Nado than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of +0.005%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.2 days. At the pace of the last 3 days (−0.014% in total) that is about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado NVDA-PERP	227.10	0.0060	pay 0.0008% / 1h	45m 45s	$487K	$225K	20x
Short	Variational Omni NVDA	227.25	0	get 0.0000% / 8h	1h 45m	$3.5M	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.063%Rate

Funding earned: −$12.6
Price spread: +0.063% → +0.005%: $5.85
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$13.75
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 37 min ago; Variational Omni: RFQ quote, 3 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 Nado live order book, 37 min ago	1.54 bp	9.4 bp −$9	28.5 bp −$285	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.79 bp	doesn't fit	4.6 bp −$46	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
Hotstuff NVDA-PERP	−0.0024%	1h	227.06	−0.018%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.21	+0.047%	$474K	$550K	20x	as long as short
Binance NVDAUSDT	0.0000%	8h	227.29	+0.083%	$156.2M	$220.6M	50x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.25	+0.065%	$12.7M	$15.7M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.24	+0.061%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.19	+0.039%	$7.2M	$9.5M	100x	as long as short
Variational Omni NVDAshort	0.0000%	8h	227.25	+0.063%	$3.5M	$2.3M	—
GRVT NVDA_USDT_Perp	0.0000%	8h	227.27	+0.074%	$20K	$452K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.84	−0.115%	$3K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.31	+0.092%	$202K	$524K	30x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NVDAUSDT	0.0000%	4h	227.25	+0.065%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.16	+0.024%	$118K	$55K	10x	as long as short
Bitget NVDAUSDT	+0.0023%	8h	227.23	+0.056%	$15.6M	$18.2M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.09	−0.004%	$522K	$409K	10x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.20	+0.043%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.31	+0.092%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.10	−0.001%	$147.1M	$50.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.14	+0.017%	$390K	$281K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.08	−0.010%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.06	−0.018%	$1.6M	$2.1M	15x	as long as short
Nado NVDA-PERPlong	+0.0060%	1h	227.10	long leg	$487K	$225K	20x
Phoenix NVDA	+0.0070%	1h	227.11	+0.004%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.23	+0.055%	—	—	10x	as long as short
Lighter RH NVDA	+0.0088%	1h	227.40	+0.131%	$4.9M	$7.0M	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.040%	$1.3M	$911K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.11	+0.003%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTM	+0.0100%	8h	227.25	+0.065%	$1.6M	$754K	20x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.16	+0.026%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.20	+0.043%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.17	+0.030%	$49K	$1.5M	10x	as long as short
BloFin NVDA-USDT	+0.0120%	8h	227.27	+0.074%	$714K	$205K	20x	as long as short
Lighter NVDA	+0.0128%	1h	227.28	+0.078%	$2.1M	$3.2M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.63	+0.233%	$73K	$135	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.11	+0.004%	$388K	$709K	20x	as long as short
edgeX NVDAUSDC	+0.0498%	4h	227.24	+0.063%	$170K	$1.9M	20x	as long as short