Funding you earn now, next payment 06:00 UTC−0.0023%/8h= −2.6% APRpaid last 24h +0.008%
Price spread now: Nado against Orderly−0.025%51s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.025% cheaper against Orderly than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_NVDA_USDC | 226.27 | 0.0100 | pay 0.0100% / 8h | 2h 26m | $36K | $21K | 20x |
| Short | Nado NVDA-PERP | 226.21 | 0.0077 | get 0.0010% / 1h | 26m 25s | $481K | $227K | 20x |
Orderly PERP_NVDA_USDC
Nado NVDA-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$4.9
- Price spread: −0.025% → 0.000%
- −$2.5
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$20.41
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Nado: live order book, 22 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Nado live order book, 22 min ago | 1.54 bp | 14.4 bp −$14 | 21.6 bp −$216 | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0040% | 1h | 226.20 | −0.031% | $35K | — | 20x | as long as short |
| Aster NVDAUSDT | 0.0000% | 8h | 226.37 | +0.043% | $482K | $571K | 20x | as long as short |
| Bybit NVDAUSDT | 0.0000% | 8h | 226.31 | +0.018% | $12.5M | $15.0M | 100x | as long as short |
| OKX NVDA-USDT-SWAP | 0.0000% | 8h | 226.33 | +0.027% | $14.2M | $20.4M | 50x | as long as short |
| Gate NVDA_USDT | 0.0000% | 8h | 226.30 | +0.013% | $7.2M | $9.8M | 100x | as long as short |
| Bitget NVDAUSDT | 0.0000% | 8h | 226.37 | +0.044% | $15.2M | $16.4M | 100x | as long as short |
| GRVT NVDA_USDT_Perp | 0.0000% | 8h | 226.46 | +0.083% | $21K | $409K | 10x | as long as short |
| SunX NVDA-USDT | 0.0000% | 8h | 226.03 | −0.106% | $2K | $3.7M | 20x | as long as short |
| HTX NVDA-USDT | 0.0000% | 8h | 226.55 | +0.124% | $198K | $460K | 30x | as long as short |
| Phemex NVDAUSDT | 0.0000% | 4h | 226.47 | +0.088% | $2.2M | $42K | 10x | as long as short |
Hotstuff NVDA-PERP
Aster NVDAUSDT
Bybit NVDAUSDT
OKX NVDA-USDT-SWAP
Gate NVDA_USDT
Bitget NVDAUSDT
GRVT NVDA_USDT_Perp
SunX NVDA-USDT
HTX NVDA-USDT
Phemex NVDAUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni NVDA | +0.0004% | 8h | 226.39 | +0.053% | $3.6M | $2.1M | — | as long as short |
| Aftermath Perps NVDAUSD | +0.0011% | 1h | 226.33 | +0.028% | $117K | $52K | 10x | as long as short |
| Deribit NVDA_USDC-PERPETUAL | +0.0015% | 1h | 226.24 | −0.013% | $53K | $1.8M | 10x | as long as short |
| Lighter NVDA | +0.0032% | 1h | 226.31 | +0.019% | $2.1M | $3.3M | 20x | as long as short |
| Arcus NVDA-USD | +0.0040% | 1h | 226.31 | +0.018% | $397K | $726K | 20x | as long as short |
| QFEX NVDA-USD | +0.0042% | 1h | 226.31 | +0.018% | $1.3M | $9.1M | 10x | as long as short |
| Vest NVDA-USD-PERP | +0.0046% | 1h | 226.42 | +0.066% | — | $74K | 25x | as long as short |
| tradeXYZ xyz:NVDA | +0.0050% | 1h | 226.21 | −0.027% | $147.0M | $43.5M | 20x | as long as short |
| Polymarket Perps NVDA-USD | +0.0050% | 1h | 226.28 | +0.004% | $398K | $278K | 10x | as long as short |
| SoDEX NVDA-USD | +0.0050% | 1h | 226.19 | −0.035% | $59K | $19K | 10x | as long as short |
| Ondo Perps NVDA-USD.P | +0.0050% | 1h | 226.17 | −0.044% | $1.6M | $2.0M | 15x | as long as short |
| Nado NVDA-PERPshort | +0.0077% | 1h | 226.21 | −0.025% | $481K | $227K | 20x | |
| Binance NVDAUSDT | +0.0079% | 8h | 226.36 | +0.041% | $154.4M | $218.3M | 50x | as long as short |
| edgeX NVDAUSDC | +0.0093% | 4h | 226.45 | +0.080% | $170K | $1.9M | 20x | as long as short |
| Lighter RH NVDA | +0.0096% | 1h | 226.45 | +0.080% | $5.0M | $7.1M | 20x | as long as short |
| Pacifica NVDA | +0.0100% | 1h | 226.23 | −0.016% | $297K | $50K | 10x | as long as short |
| KuCoin NVDAUSDTM | +0.0100% | 8h | 226.35 | +0.035% | $1.6M | $739K | 20x | as long as short |
| ApeX Omni NVDAUSDT | +0.0100% | 1h | 226.25 | −0.009% | $16K | $44K | 50x | as long as short |
| Orderly PERP_NVDA_USDClong | +0.0100% | 8h | 226.27 | long leg | $36K | $21K | 20x | |
| Aevo NVDA-PERP | +0.0104% | 1h | 226.30 | +0.014% | — | — | 10x | as long as short |
| Phoenix NVDA | +0.0106% | 1h | 226.30 | +0.013% | $93K | $112K | 20x | as long as short |
| Coinbase International NVDA-PERP-INTX | +0.0128% | 1h | 226.38 | +0.049% | $1.3M | $781K | 10x | as long as short |
| BloFin NVDA-USDT | +0.0199% | 8h | 226.43 | +0.071% | $716K | $191K | 20x | as long as short |
| Injective NVDA/USDC PERP | +0.0220% | 1h | 226.71 | +0.194% | $73K | $138 | 30x | as long as short |
| Extended NVDA_24_5-USD | +0.0312% | 1h | 226.13 | −0.064% | $668K | $766K | 10x | as long as short |
Variational Omni NVDA
Aftermath Perps NVDAUSD
Deribit NVDA_USDC-PERPETUAL
Lighter NVDA
Arcus NVDA-USD
QFEX NVDA-USD
Vest NVDA-USD-PERP
tradeXYZ xyz:NVDA
Polymarket Perps NVDA-USD
SoDEX NVDA-USD
Ondo Perps NVDA-USD.P
Binance NVDAUSDT
edgeX NVDAUSDC
Lighter RH NVDA
Pacifica NVDA
KuCoin NVDAUSDTM
ApeX Omni NVDAUSDT
Aevo NVDA-PERP
Phoenix NVDA
Coinbase International NVDA-PERP-INTX
BloFin NVDA-USDT
Injective NVDA/USDC PERP
Extended NVDA_24_5-USD