Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0058%/8h= +6.3% APRpaid last 24h +0.026%

Price spread now: Nado against Variational Omni−0.020%7-day average −0.006% · you buy dearer than you sell

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

Long on Variational Omni Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.015%+$2 on $10k

Price spread, last 3 days (all we have)−0.015%−$1 · spread now −0.020%, 7d avg −0.006%

Together, before fees+0.001%+ Points / potential airdropVariational Omni: Active · Nado: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NVDA	227.71	0	get 0.0000% / 8h	7h 51m	$3.6M	$1.9M	—
Short	Nado NVDA-PERP	227.66	0.0058	get 0.0007% / 1h	51m 24s	$484K	$229K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Variational Omni. 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 Variational OmnibpFee NadobpOrdersPrice spread, now −0.020%Rate

Funding earned: $12.15
Price spread: −0.020% → −0.006%: −$1.47
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $3.68
Costs to cover: 0.070%
Break-even: 4.9 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; 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 Variational Omni RFQ quote, 3 min ago	2.79 bp	doesn't fit	6.0 bp −$60	doesn't fit	doesn't fit
Sell Nado live order book, 22 min ago	0.22 bp	14.5 bp −$14	24.0 bp −$240	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	227.59	−0.053%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.73	+0.009%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.70	−0.004%	$14.4M	$20.7M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.63	−0.035%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDAlong	0.0000%	8h	227.71	long leg	$3.6M	$1.9M	—
GRVT NVDA_USDT_Perp	0.0000%	8h	227.66	−0.022%	$20K	$406K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.32	−0.171%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	−0.101%	$197K	$516K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.68	−0.013%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.47	−0.105%	$118K	$56K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	227.62	−0.039%	$535K	$447K	10x	as long as short
Bitget NVDAUSDT	+0.0032%	8h	227.74	+0.013%	$15.5M	$17.1M	100x	as long as short
Binance NVDAUSDT	+0.0036%	8h	227.74	+0.013%	$156.4M	$218.6M	50x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.53	−0.079%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.69	−0.009%	$1.6M	$11.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.84	+0.057%	—	$74K	25x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.68	−0.013%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.56	−0.066%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.46	−0.110%	$1.6M	$2.0M	15x	as long as short
tradeXYZ xyz:NVDA	+0.0053%	1h	227.57	−0.061%	$148.1M	$46.9M	20x	as long as short
Nado NVDA-PERPshort	+0.0058%	1h	227.66	−0.020%	$484K	$229K	20x
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.110%	$1.3M	$823K	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.67	−0.019%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.58	−0.056%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.54	−0.075%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.70	−0.004%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.65	−0.026%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTM	+0.0118%	8h	227.68	−0.013%	$1.6M	$743K	20x	as long as short
Lighter NVDA	+0.0120%	1h	227.78	+0.033%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0128%	1h	227.90	+0.084%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0140%	8h	227.67	−0.017%	$714K	$205K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0189%	1h	227.73	+0.009%	$49K	$1.4M	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.89	+0.079%	$73K	$135	30x	as long as short
Hotstuff NVDA-PERP	+0.0232%	1h	227.64	−0.031%	$35K	—	20x	as long as short
edgeX NVDAUSDC	+0.0364%	4h	227.63	−0.035%	$170K	$1.9M	20x	as long as short