Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h −0.004%

Price spread now: Lighter RH against KuCoin+0.048%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on KuCoin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 7 days−0.030%−$3 · spread now +0.048%, 7d avg +0.021%

Together, before fees−0.132%+ Points / potential airdropLighter RH: Points live · farm board−$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.027% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NVDAUSDTM	227.93	0.0145	pay 0.0145% / 8h	7h 02m	$1.6M	$735K	20x
Short	Lighter RH NVDA	228.04	0.0152	get 0.0019% / 1h	2m 04s	$5.1M	$7.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.048%Rate

Funding earned: $1.47
Price spread: +0.048% → +0.021%: $2.69
Slippage, 4 orders: −$32.9
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$40.74
Costs to cover: 0.449%
Break-even: 201.0 days

Slippage from KuCoin: live order book, 4 min ago; Lighter RH: live order book, 1 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, 4 min ago	1.32 bp	24.1 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 1 min ago	1.32 bp	1.5 bp −$1	3.8 bp −$38	33.0 bp −$3,305	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
Bybit NVDAUSDT	0.0000%	8h	227.88	−0.022%	$12.7M	$15.2M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.87	−0.026%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.83	−0.044%	$7.2M	$9.7M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.41	−0.228%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.90	−0.013%	$198K	$505K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.96	+0.013%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0002%	8h	227.76	−0.075%	$484K	$582K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.85	−0.037%	$118K	$55K	10x	as long as short
Variational Omni NVDA	+0.0013%	8h	227.92	−0.003%	$3.5M	$1.9M	—	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0013%	1h	227.80	−0.057%	$49K	$1.5M	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	227.74	−0.086%	$525K	$470K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.73	−0.088%	$400K	$724K	20x	as long as short
Bitget NVDAUSDT	+0.0041%	8h	227.90	−0.013%	$15.4M	$16.9M	100x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.87	−0.026%	$1.5M	$10.9M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.97	+0.018%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.74	−0.083%	$148.1M	$46.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.84	−0.039%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.75	−0.079%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.73	−0.088%	$1.5M	$2.1M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.206%	$1.3M	$798K	10x	as long as short
Binance NVDAUSDT	+0.0086%	8h	227.90	−0.014%	$156.5M	$217.1M	50x	as long as short
Nado NVDA-PERP	+0.0087%	1h	227.77	−0.069%	$484K	$229K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.74	−0.083%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.72	−0.092%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.86	−0.031%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.84	−0.038%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	227.84	−0.039%	$94K	$112K	20x	as long as short
Hotstuff NVDA-PERP	+0.0128%	1h	227.72	−0.092%	$35K	—	20x	as long as short
KuCoin NVDAUSDTMlong	+0.0145%	8h	227.93	long leg	$1.6M	$735K	20x
Lighter NVDA	+0.0152%	1h	227.90	−0.012%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDAshort	+0.0152%	1h	228.04	+0.048%	$5.1M	$7.1M	20x
GRVT NVDA_USDT_Perp	+0.0190%	8h	227.92	−0.007%	$21K	$391K	10x	as long as short
BloFin NVDA-USDT	+0.0205%	8h	227.93	0.000%	$719K	$205K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.20	+0.118%	$73K	$140	30x	as long as short
edgeX NVDAUSDC	+0.0504%	4h	227.92	−0.006%	$170K	$1.9M	20x	as long as short