Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 182.68 | +0.0273 | pay 0.0034% / 1h | 8m 16s | $3.0M | $24.9M | 20x | Long Arcus5% off | |
| SHORT | 182.87 | +0.0050 | get 0.0006% / 1h | 8m 16s | $429K | $600K | 10x | Short Backpack |
Price gap+0.104%
Funding gap−0.0223% /8h
Both sides work against this direction now: funding costs $7 a day on $10k and the gap is 0.023% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$54−0.0223% /8h now · paid +0.538% over the last 7D
Price−$2spread +0.104% now, avg +0.127% → −0.023% if it goes back
Costs−$170.172% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.104%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hNVDA on 47 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books2.5 / 5.8 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $1,000Arcus 20x, Backpack 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$6.69Long Arcus: 24 payments, −$8.19; short Backpack: 24 payments, +$1.50.
- Watch: Gap narrower than usual+0.104% vs +0.127%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$429K vs $3.0M OIBackpack sets your exit cost. Check its book before closing.
- OK: Points on a legArcus pointsVolume here counts toward the points program.
- Watch: KYCArcus No · Backpack YesKYC (ID, face scan, residency and source of income) before any trading.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0256%/8h × 21 periods+$53.78
Price spread+0.104% → +0.127% (7d avg)−$2.34
Slippage, 4 orderslive order books−$2.71
Fee Arcus bp × 2 orders−$4.50
Fee Backpack bp × 2 orders−$10.00
Net · 7 days · $10k+$34.22
Costs to cover0.172%Break-even2.5 days
Slippage: Arcus: live order book, 3 min ago; Backpack: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGArcus0.272.5 bp−$34.2 bp−$4214.8 bp−$1,476doesn’t fit
SELL · SHORTBackpack0.825.8 bp−$622.9 bp−$229doesn’t fitdoesn’t fit
Closing costs about the same again.
NVDA news
posts that mention NVDA or Nvidia, from every exchange| 11-05 16:31 | Markets by Kinetiq | Other | JUST IN: U.S. stocks have reportedly wiped out $2.3 TRILLION in market value in the first hour of trading, with major tech stocks plunging over 10%. The S&P 500 falls 2.7%, erasing all gains since the midterm election results. The Nasdaq 100 plunges 5.5%, on track for its worst daily decline since April 2025 and now just 5% away from bear market territory. Tech stocks today: $NVDA: -8% $SNDK: -17% $AMD: -15% $MU: -15% $TSLA: -10% $INTC: -7% $SPCX: -10% @Markets_xyz on X ↗ |
| 11-05 15:49 | Entropy | Other | Anthropic fell ~5% on Entropy from $1,850 to $1,750, an implied $1.75T, as US chip stocks sold off at the open, with AMD down 15% and Nvidia nearly 8%. @entropyIO on X ↗ |
| 11-05 12:39 | Kalshi | Listing | new market KXNVDAPERP ($NVDA) seen by our collector |
| 11-04 22:01 | Kalshi | Other | JUST IN: Apple is now worth more than Nvidia @Kalshi on X ↗ |
| 11-04 19:30 | Vest Markets | Other | Big tech is carrying $NQ today. $MSFT, $AMZN and $AAPL are up 6.3% to 7.3%, together they are about 28% of the Nasdaq 100. Chips are pulling the other way. $NVDA, the biggest weight at about 12.5%, is down 1.3%, and the chip ETF SMH is down 2.5%. That leaves $NQ up about 1.2%. When five names make up nearly half the index, a split like this is the whole story. @VestExchange on X ↗ |
| 11-04 19:06 | Ondo Perps | Other | Eligible perps markets for the Liquidity Pool: ▸ Stocks: NVDA, TSLA, META, AMD, INTC, MU, SNDK, COIN, MSTR, CRCL, SPCX ▸ Indices: US 500, US 100 ▸ ETFs: DRAM, SOXL ▸ Commodities: Gold, Silver, WTI ▸ Crypto: BTC, ETH Rewards are paid in USDC directly to your trading account within 48 hours of each week’s close. Trade Now → @OndoPerps on X ↗ |

Kalshi