Nomina Integrates Its Third Perp DEX: Extended
Nomina now supports Extended. As of today, Nomina users can execute delta neutral strategies across Extended, Lighter, and Hyperliquid.
Why Extended Matters for Nomina Users
With over $1.45 billion in trading volume, Extended has established itself as one of the leading perp DEXs. Their integration on Nomina gives our testers more funding rate opportunities and chances to earn Extended points.
Extended brings unique advantages to the Nomina platform. The DEX is known for its deep liquidity in major pairs and competitive funding rates. Both make Extended ideal for carrying out delta neutral trading strategies. Additionally, Extended's points program rewards active traders, meaning Nomina users can earn incentives while executing their delta-neutral strategies.
With three DEXs now available, Nomina testers can:
- Access more funding rate arbitrage opportunities than before
- Diversify their execution and spreads across multiple DEXs to manage risk and optimize for profits
- Earn points across Extended, Lighter, and Hyperliquid depending on which spreads they open. This lets Nomina testers stack rewards while remaining delta neutral on their positions.
The math is simple: more exchanges mean more potential spreads.
How Funding Rate Arbitrage Works on Nomina with Extended
Nomina effectively simplifies the workflow involved in identifying and executing funding rate arbitrage. This is because the Nomina trading terminal allows you to find and execute delta neutral opportunities in one app.
Before, users had to open their Hyperliquid and Lighter accounts in different tabs. They'd manually compare funding rates, calculate position sizes, and execute trades separately on each exchange, which was a time-consuming process that often meant missing fleeting opportunities. Nomina made it so they can look for the asset they wanted in the "Asset" tab and open an arb across DEXs.
With Extended integrated, users can now see and search for funding rate opportunities between Extended, Hyperliquid, and Lighter. The steps required to open an arb are still the same, but the opportunity set has expanded significantly. You can effectively open a long position in an asset on Extended and short the same asset on Hyperliquid and Lighter, and vice versa. The Nomina UI displays real-time funding rates across all three DEXs simultaneously and highlights the most profitable spreads available.
Nomina also allows users to customize their optimal position size based on their specified leverage and risk parameters. This removes the guesswork and reduces the chance of execution errors that could compromise your delta neutral positions.
How to Open an Extended Trade on Nomina
To open your first arb between Extended and Lighter or Hyperliquid:
- Go to "Accounts" and connect your Extended account to Nomina
- Go to the "Trade" tab and select the funding rate spread that you'd like to open
- Enter the position size, leverage, and specify the details for your market and limit orders (both opening and closing)
- Click "Place Trade"
Once your trade executes, you'll see both legs of your position reflected in the Nomina dashboard. The trading terminal tracks your PnL in real-time and monitors the funding rate spread, alerting you when it's optimal to close your position or if the spread moves significantly.
What's Next for Nomina?
Extended is our third integration, but our roadmap extends far beyond three DEXs. Our team is always looking at new perp DEXs to give our testers more choices for funding rate arbitrage strategies. We evaluate potential integrations based on how they complement our existing exchange options to give Nomina users additional and improved funding rate arbitrage opportunities.
If you're looking for an easier way to run delta neutral strategies across perp DEXs, sign up for our waitlist and see if you're chosen to be part of our beta testing program. We're actively onboarding new testers as we scale the platform and add more exchange integrations.
