Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0190%/8h= −20.9% APRpaid last 24h +0.011%

Price spread now: KuCoin against Arcus−0.018%7-day average +0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$470.471% of the position

Long on Arcus Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.069%+$7 on $10k

Price spread, last 4 days (all we have)+0.132%+$13 · spread now −0.018%, 7d avg +0.089%

Together, before fees+0.200%+$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and KuCoin is 0.107% cheaper against Arcus than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.089%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.069%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.069% in total (about 6.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NVDA-USD	227.46	0.0320	pay 0.0040% / 1h	51m 30s	$384K	$704K	20x
Short	KuCoin NVDAUSDTM	227.42	0.0130	get 0.0130% / 8h	5h 51m	$1.6M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Arcus. 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 ArcusbpFee KuCoinbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$39.99
Price spread: −0.018% → +0.089%: −$10.65
Slippage, 4 orders: −$30.57
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$97.71
Costs to cover: 0.471%
Break-even: never at this rate

Slippage from Arcus: live order book, 60 min ago; KuCoin: live order book, 2 min ago.

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 Arcus live order book, 60 min ago	1.32 bp	7.0 bp −$7	8.0 bp −$80	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	1.54 bp	16.6 bp −$17	doesn't fit	doesn't fit	doesn't fit

NVDA on 35 exchanges

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	−0.1600%	1h	225.99	−0.646%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.54	+0.035%	$12.8M	$15.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.57	+0.048%	$14.4M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.46	0.000%	$7.2M	$9.1M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.60	+0.062%	$15.7M	$16.1M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.09	−0.163%	$2K	$3.4M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.38	−0.035%	$16K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.49	+0.013%	$199K	$400K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.54	+0.035%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.30	−0.068%	$118K	$52K	10x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NVDA_USDT_Perp	+0.0019%	8h	227.47	+0.003%	$20K	$432K	10x	as long as short
Lighter NVDA	+0.0032%	1h	227.46	+0.001%	$2.1M	$3.1M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.31	−0.064%	$613K	$939K	10x	as long as short
Aster NVDAUSDT	+0.0035%	8h	227.33	−0.057%	$484K	$566K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.45	−0.004%	$1.3M	$9.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.67	+0.092%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.41	−0.022%	$148.9M	$45.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.44	−0.009%	$392K	$242K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.39	−0.031%	$59K	$16K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.26	−0.088%	$1.5M	$2.0M	15x	as long as short
Lighter RH NVDA	+0.0088%	1h	227.63	+0.075%	$5.1M	$7.1M	20x	as long as short
Nado NVDA-PERP	+0.0090%	1h	227.42	−0.019%	$478K	$210K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.34	−0.051%	$298K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.31	−0.066%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.47	+0.004%	$36K	$19K	20x	as long as short
Variational Omni NVDA	+0.0110%	8h	227.33	−0.058%	$3.3M	$2.4M	—	as long as short
Aevo NVDA-PERP	+0.0120%	1h	227.48	+0.010%	—	—	10x	as long as short
edgeX NVDAUSDC	+0.0129%	4h	227.41	−0.020%	$171K	$1.9M	20x	as long as short
KuCoin NVDAUSDTMshort	+0.0130%	8h	227.42	−0.018%	$1.6M	$1.3M	20x
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.45	−0.444%	$1.3M	$657K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.35	−0.048%	$93K	$82K	20x	as long as short
Binance NVDAUSDT	+0.0165%	8h	227.54	+0.036%	$156.0M	$224.7M	50x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.53	+0.031%	$73K	$135	30x	as long as short
BloFin NVDA-USDT	+0.0284%	8h	227.47	+0.004%	$727K	$203K	20x	as long as short
Arcus NVDA-USDlong	+0.0320%	1h	227.46	long leg	$384K	$704K	20x