Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h +0.005%

Price spread now: KuCoin against Coinbase International+0.053%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$750.745% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.121%+$12 on $10k

Price spread, last 4 days (all we have)+0.083%+$8 · spread now +0.053%, 7d avg +0.068%

Together, before fees+0.204%+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.068%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.121%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NVDA-PERP-INTX	226.38	0.0128	pay 0.0016% / 1h	28m 57s	$1.3M	$781K	10x
Short	KuCoin NVDAUSDTM	226.50	0.0100	get 0.0100% / 8h	2h 28m	$1.6M	$736K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Coinbase International. 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 Coinbase InternationalbpFee KuCoinbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$5.88
Price spread: +0.053% → +0.068%: −$1.47
Slippage, 4 orders: −$52.53
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$81.88
Costs to cover: 0.745%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 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 Coinbase International live order book, 5 min ago	2.65 bp	7.7 bp −$8	10.2 bp −$102	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	0.66 bp	22.3 bp −$22	doesn't fit	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
Hotstuff NVDA-PERP	−0.0008%	1h	226.37	−0.004%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	226.44	+0.027%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.38	0.000%	$12.5M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.40	+0.009%	$14.2M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.40	+0.009%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.44	+0.027%	$15.3M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.43	+0.023%	$21K	$409K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.18	−0.088%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.55	+0.075%	$198K	$460K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.79	+0.181%	$2.2M	$43K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0004%	8h	226.39	+0.004%	$3.6M	$2.1M	—	as long as short
Aftermath Perps NVDAUSD	+0.0010%	1h	226.34	−0.017%	$117K	$52K	10x	as long as short
Lighter NVDA	+0.0032%	1h	226.40	+0.009%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.41	+0.013%	$397K	$726K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.44	+0.027%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.55	+0.075%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.28	−0.044%	$147.0M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.40	+0.009%	$399K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.32	−0.027%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.25	−0.057%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0076%	1h	226.35	−0.013%	$481K	$227K	20x	as long as short
Binance NVDAUSDT	+0.0079%	8h	226.41	+0.013%	$154.5M	$218.2M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.36	−0.010%	$297K	$50K	10x	as long as short
KuCoin NVDAUSDTMshort	+0.0100%	8h	226.50	+0.053%	$1.6M	$736K	20x
ApeX Omni NVDAUSDT	+0.0100%	1h	226.33	−0.022%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.44	+0.027%	$36K	$21K	20x	as long as short
Lighter RH NVDA	+0.0104%	1h	226.53	+0.066%	$5.1M	$7.1M	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.44	+0.026%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.40	+0.009%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTXlong	+0.0128%	1h	226.38	long leg	$1.3M	$781K	10x
Deribit NVDA_USDC-PERPETUAL	+0.0148%	1h	226.39	+0.004%	$53K	$1.8M	10x	as long as short
BloFin NVDA-USDT	+0.0199%	8h	226.49	+0.049%	$716K	$191K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.71	+0.146%	$73K	$138	30x	as long as short
Extended NVDA_24_5-USD	+0.0320%	1h	226.26	−0.053%	$668K	$766K	10x	as long as short
edgeX NVDAUSDC	+0.0809%	4h	226.45	+0.033%	$170K	$1.9M	20x	as long as short