Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.027%

Price spread now: Aftermath Perps against KuCoin−0.023%45s7-day average −0.056% · 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—prices read too far apart to compare

costs, in and out, $10k−$950.948% of the position

Long on KuCoin Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.209%−$21 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now −0.023%, 7d avg −0.056%

Together, before fees−0.268%−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aftermath Perps is 0.033% dearer against KuCoin than usual: you sell high and buy low (spread −0.023% now, against its 7-day average of −0.056%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 32 hours. At the pace of the last 3 days (−0.209% in total) that is about 13 hours. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NVDAUSDTM	226.49	0.0100	pay 0.0100% / 8h	1h 04m	$1.6M	$743K	20x
Short	Aftermath Perps NVDAUSD	226.44	0.0016	get 0.0002% / 1h	4m 39s	$117K	$51K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against KuCoin. 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 KuCoinbpFee Aftermath PerpsbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$17.57
Price spread: −0.023% → −0.056%: $3.33
Slippage, 4 orders: −$73.76
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$108.99
Costs to cover: 0.948%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Aftermath Perps: live order book, 39 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 KuCoin live order book, 6 min ago	1.54 bp	47.1 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 39 min ago	4.08 bp	14.4 bp −$14	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	−0.0072%	1h	226.43	−0.026%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.43	−0.026%	$12.4M	$14.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.45	−0.018%	$14.1M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.43	−0.026%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.51	+0.009%	$15.6M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.68	+0.085%	$21K	$420K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.00	−0.216%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.80	+0.137%	$198K	$449K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.64	+0.066%	$2.2M	$42K	10x	as long as short
Aster NVDAUSDT	+0.0013%	8h	226.41	−0.035%	$482K	$530K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSDshort	+0.0016%	1h	226.44	−0.023%	$117K	$51K	10x
Variational Omni NVDA	+0.0031%	8h	226.57	+0.033%	$3.5M	$2.3M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.51	+0.009%	$399K	$732K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.55	+0.026%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.30	−0.084%	$147.0M	$43.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.42	−0.031%	$391K	$247K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.33	−0.071%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.20	−0.128%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.43	−0.026%	$1.3M	$9.1M	10x	as long as short
Binance NVDAUSDT	+0.0099%	8h	226.46	−0.013%	$154.4M	$218.4M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.27	−0.097%	$297K	$46K	10x	as long as short
KuCoin NVDAUSDTMlong	+0.0100%	8h	226.49	long leg	$1.6M	$743K	20x
ApeX Omni NVDAUSDT	+0.0100%	1h	226.43	−0.026%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.46	−0.013%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.49	+0.001%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.44	−0.022%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.088%	$1.3M	$723K	10x	as long as short
Lighter NVDA	+0.0120%	1h	226.41	−0.037%	$2.1M	$3.3M	20x	as long as short
Nado NVDA-PERP	+0.0135%	1h	226.36	−0.055%	$481K	$224K	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	226.53	+0.018%	$5.1M	$7.0M	20x	as long as short
edgeX NVDAUSDC	+0.0204%	4h	226.64	+0.068%	$170K	$1.9M	20x	as long as short
BloFin NVDA-USDT	+0.0218%	8h	226.48	−0.004%	$712K	$195K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.94	+0.199%	$73K	$140	30x	as long as short
Extended NVDA_24_5-USD	+0.0392%	1h	226.16	−0.148%	$647K	$872K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0457%	1h	226.39	−0.044%	$53K	$1.8M	10x	as long as short