Nvidia stock tokens show price spreads, but slippage crushes the arbitrage
Summary
Coin Metrics modeled arbitrage trades between tokenized Nvidia shares and found that apparent price gaps largely disappear after execution slippage: one $1,000 comparison left about one basis point before fees, while another lost 15 basis points. Bitquery’s adjusted data showed median daily price differences among major Nvidia token versions of at most 0.12%. Differences in share multipliers and dividend treatment complicate comparisons, and the tokens may lack direct transfer or swap routes. Fees, eligibility restrictions, onboarding requirements and settlement access further limit potential trades. These tokens provide economic exposure rather than direct share ownership.
