Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.011%

Price spread now: Deribit against KuCoin−0.026%7-day average −0.034% · 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−$105as in the Price arb table

costs, in and out, $10k−$1061.061% of the position

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.037%−$4 on $10k

Price spread, last 3 days (all we have)−0.127%−$13 · spread now −0.026%, 7d avg −0.034%

Together, before fees−0.164%−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NVDAUSDTM	227.13	0.0100	pay 0.0100% / 8h	1h 59m	$1.6M	$754K	20x
Short	Deribit NVDA_USDC-PERPETUAL	227.07	0	get 0.0000% / 1h	59m 49s	$49K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$21
Price spread: −0.026% → −0.034%: $0.77
Slippage, 4 orders: −$87.09
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$126.32
Costs to cover: 1.061%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Deribit: live order book, 4 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	1.32 bp	74.9 bp −$75	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 4 min ago	0.22 bp	9.2 bp −$9	11.1 bp −$111	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	226.98	−0.066%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.02	−0.048%	$473K	$550K	20x	as long as short
Binance NVDAUSDT	0.0000%	8h	227.16	+0.015%	$156.2M	$220.8M	50x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.09	−0.018%	$12.6M	$15.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.13	0.000%	$14.4M	$21.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.09	−0.018%	$7.2M	$9.5M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.16	+0.012%	$3.5M	$2.4M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.10	−0.013%	$21K	$468K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.86	−0.119%	$2K	$4.0M	20x	as long as short
Deribit NVDA_USDC-PERPETUALshort	0.0000%	1h	227.07	−0.026%	$49K	$1.5M	10x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NVDA-USDT	0.0000%	8h	227.13	0.000%	$202K	$525K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.14	+0.004%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	226.96	−0.076%	$118K	$55K	10x	as long as short
QFEX NVDA-USD	+0.0030%	1h	227.11	−0.009%	$1.6M	$11.3M	10x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.97	−0.068%	$522K	$409K	10x	as long as short
Bitget NVDAUSDT	+0.0036%	8h	227.08	−0.022%	$15.6M	$18.3M	100x	as long as short
Lighter RH NVDA	+0.0040%	1h	227.27	+0.062%	$4.9M	$7.0M	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.23	+0.044%	—	$73K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.99	−0.062%	$147.0M	$50.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.09	−0.018%	$400K	$261K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.00	−0.057%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.93	−0.088%	$1.6M	$2.1M	15x	as long as short
Nado NVDA-PERP	+0.0051%	1h	227.00	−0.055%	$487K	$226K	20x	as long as short
Phoenix NVDA	+0.0070%	1h	226.99	−0.062%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0080%	1h	227.15	+0.011%	—	—	10x	as long as short
Lighter NVDA	+0.0096%	1h	227.18	+0.020%	$2.1M	$3.2M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.97	−0.070%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTMlong	+0.0100%	8h	227.13	long leg	$1.6M	$754K	20x
ApeX Omni NVDAUSDT	+0.0100%	1h	226.97	−0.070%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.11	−0.009%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	227.01	−0.053%	$1.3M	$911K	10x	as long as short
BloFin NVDA-USDT	+0.0120%	8h	227.15	+0.009%	$715K	$205K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.40	+0.119%	$73K	$138	30x	as long as short
edgeX NVDAUSDC	+0.0400%	4h	227.13	+0.002%	$170K	$1.9M	20x	as long as short
Arcus NVDA-USD	+0.0419%	1h	227.09	−0.018%	$384K	$695K	20x	as long as short