Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.061%

Price spread now: KuCoin against Hotstuff+0.084%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.084% dearer against Hotstuff than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff NVDA-PERP	227.48	0.0056	pay 0.0007% / 1h	31m 59s	$35K	—	20x
Short	KuCoin NVDAUSDTM	227.67	0.0124	get 0.0124% / 8h	7h 31m	$1.6M	$742K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Hotstuff. 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 HotstuffbpFee KuCoinbpOrdersPrice spread, now +0.084%Rate

Funding earned: $14.28
Price spread: +0.084% → 0.000%: $8.35
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $5.63
Costs to cover: 0.170%
Break-even: 4.2 days

Slippage unknown: Hotstuff: no order-book sample; KuCoin: live order book, 4 min ago. Net counts fees only.

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 Hotstuff no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 4 min ago	1.76 bp	19.0 bp −$19	doesn't fit	doesn't fit	doesn't fit

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Aster NVDAUSDT	0.0000%	8h	227.60	+0.053%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.73	+0.110%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.76	+0.123%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.68	+0.088%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.70	+0.097%	$3.6M	$1.9M	—	as long as short
SunX NVDA-USDT	0.0000%	8h	227.27	−0.092%	$3K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.77	+0.127%	$198K	$511K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.72	+0.106%	$2.2M	$42K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0009%	8h	227.62	+0.062%	$20K	$395K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0016%	1h	227.50	+0.007%	$118K	$55K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	227.53	+0.020%	$530K	$467K	10x	as long as short
Bitget NVDAUSDT	+0.0036%	8h	227.80	+0.141%	$15.5M	$16.9M	100x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.47	−0.004%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.64	+0.070%	$1.6M	$11.2M	10x	as long as short
Binance NVDAUSDT	+0.0045%	8h	227.80	+0.139%	$156.5M	$217.4M	50x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.75	+0.119%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.60	+0.053%	$147.8M	$46.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.63	+0.066%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.49	+0.004%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.39	−0.040%	$1.6M	$2.0M	15x	as long as short
Hotstuff NVDA-PERPlong	+0.0056%	1h	227.48	long leg	$35K	—	20x
Nado NVDA-PERP	+0.0076%	1h	227.53	+0.022%	$484K	$229K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.009%	$1.3M	$800K	10x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.67	+0.081%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.49	+0.006%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.54	+0.026%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.69	+0.092%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.66	+0.079%	$49K	$1.4M	10x	as long as short
Phoenix NVDA	+0.0106%	1h	227.53	+0.022%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTMshort	+0.0124%	8h	227.67	+0.084%	$1.6M	$742K	20x
Lighter NVDA	+0.0128%	1h	227.75	+0.119%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.87	+0.171%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0165%	8h	227.67	+0.084%	$717K	$206K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.22	+0.325%	$73K	$138	30x	as long as short
edgeX NVDAUSDC	+0.0627%	4h	227.62	+0.060%	$170K	$1.9M	20x	as long as short