Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0175%/8h= +19.2% APRpaid last 24h +0.019%

Price spread now: Nado against OKX−0.091%7-day average −0.021% · 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−$41as in the Price arb table

costs, in and out, $10k−$340.341% of the position

Long on OKX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.018%+$2 on $10k

Price spread, last 4 days (all we have)+0.113%+$11 · spread now −0.091%, 7d avg −0.021%

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

Funding pays, the price is against you. Nado is 0.070% cheaper against OKX than usual: you would sell low and buy high (spread −0.091% now, against its 7-day average of −0.021%). If the spread goes back, that is −$7 on $10k: about 32 hours of funding at the current rate (+$5 a day). At the pace of the last 4 days (+0.018% in total) that is about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NVDA-USDT-SWAP	226.41	0	get 0.0000% / 8h	2m 00s	$14.1M	$20.3M	50x
Short	Nado NVDA-PERP	226.20	0.0175	get 0.0022% / 1h	2m 00s	$480K	$223K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against OKX. 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 OKXbpFee NadobpOrdersPrice spread, now −0.091%Rate

Funding earned: $36.81
Price spread: −0.091% → −0.021%: −$7
Slippage, 4 orders: −$17.12
Fee OKX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$4.31
Costs to cover: 0.341%
Break-even: 7.8 days

Slippage from OKX: live order book, 1 min ago; Nado: live order book, 36 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 OKX live order book, 1 min ago	0.22 bp	5.6 bp −$6	6.6 bp −$66	18.2 bp −$1,821	doesn't fit
Sell Nado live order book, 36 min ago	1.55 bp	13.3 bp −$13	24.1 bp −$241	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
Bybit NVDAUSDT	0.0000%	8h	226.41	0.000%	$12.5M	$14.4M	100x	as long as short
OKX NVDA-USDT-SWAPlong	0.0000%	8h	226.41	long leg	$14.1M	$20.3M	50x
Gate NVDA_USDT	0.0000%	8h	226.37	−0.018%	$7.2M	$10.0M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.46	+0.022%	$15.9M	$16.6M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.04	−0.163%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.46	+0.022%	$198K	$438K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.60	+0.084%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	226.13	−0.125%	$117K	$51K	10x	as long as short
Hotstuff NVDA-PERP	+0.0016%	1h	226.28	−0.057%	$35K	—	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.34	−0.031%	$392K	$738K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NVDA-USD-PERP	+0.0046%	1h	226.44	+0.013%	—	$74K	25x	as long as short
GRVT NVDA_USDT_Perp	+0.0047%	8h	226.30	−0.050%	$21K	$421K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.28	−0.057%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.18	−0.102%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0064%	1h	226.33	−0.035%	$1.3M	$9.0M	10x	as long as short
Aster NVDAUSDT	+0.0070%	8h	226.37	−0.018%	$482K	$530K	20x	as long as short
Polymarket Perps NVDA-USD	+0.0077%	1h	226.33	−0.035%	$391K	$247K	10x	as long as short
Variational Omni NVDA	+0.0089%	8h	226.34	−0.029%	$3.5M	$2.3M	—	as long as short
tradeXYZ xyz:NVDA	+0.0096%	1h	226.28	−0.057%	$146.9M	$43.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.25	−0.071%	$297K	$48K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.02	−0.172%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.39	−0.009%	$36K	$21K	20x	as long as short
KuCoin NVDAUSDTM	+0.0109%	8h	226.40	−0.004%	$1.6M	$849K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.42	+0.005%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	226.09	−0.141%	$1.3M	$695K	10x	as long as short
edgeX NVDAUSDC	+0.0150%	4h	226.30	−0.049%	$170K	$1.9M	20x	as long as short
Binance NVDAUSDT	+0.0155%	8h	226.39	−0.009%	$155.3M	$219.3M	50x	as long as short
Nado NVDA-PERPshort	+0.0175%	1h	226.20	−0.091%	$480K	$223K	20x
Lighter NVDA	+0.0176%	1h	226.35	−0.026%	$2.1M	$3.3M	20x	as long as short
Phoenix NVDA	+0.0177%	1h	226.33	−0.035%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.54	+0.057%	$73K	$140	30x	as long as short
Lighter RH NVDA	+0.0232%	1h	226.50	+0.040%	$5.1M	$7.0M	20x	as long as short
BloFin NVDA-USDT	+0.0272%	8h	226.44	+0.013%	$712K	$195K	20x	as long as short
Extended NVDA_24_5-USD	+0.0360%	1h	226.20	−0.093%	$646K	$878K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0457%	1h	226.33	−0.035%	$53K	$1.9M	10x	as long as short