Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0017%/8h= −1.8% APRpaid last 24h −0.006%

Price spread now: Nado against KuCoin+0.011%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$650.653% of the position

Long on KuCoin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.074%−$7 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.011%, 7d avg −0.022%

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

The price spread pays, funding is against you. Nado is 0.032% dearer against KuCoin than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.022%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 6.5 days. At the pace of the last 3 days (−0.074% in total) that is about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NVDAUSDTM	226.64	0.0100	pay 0.0100% / 8h	2h 08m	$1.6M	$742K	20x
Short	Nado NVDA-PERP	226.66	0.0083	get 0.0010% / 1h	8m 46s	$482K	$226K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.011%Rate

Funding earned: −$3.47
Price spread: +0.011% → −0.022%: $3.25
Slippage, 4 orders: −$46.25
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$65.48
Costs to cover: 0.653%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Nado: 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, 2 min ago	1.54 bp	23.1 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 39 min ago	1.54 bp	14.4 bp −$14	21.6 bp −$216	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
Aster NVDAUSDT	0.0000%	8h	226.62	−0.010%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.71	+0.031%	$12.5M	$15.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.69	+0.022%	$14.2M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.67	+0.013%	$7.2M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.70	+0.026%	$15.3M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.80	+0.071%	$21K	$418K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.53	−0.049%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.78	+0.062%	$198K	$457K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.80	+0.071%	$2.2M	$42K	10x	as long as short
Variational Omni NVDA	+0.0009%	8h	226.81	+0.073%	$3.6M	$2.1M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps NVDAUSD	+0.0011%	1h	226.51	−0.059%	$117K	$52K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.68	+0.018%	$398K	$734K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	226.76	+0.053%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.87	+0.101%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.55	−0.040%	$147.2M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.71	+0.031%	$398K	$278K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.58	−0.026%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.62	−0.009%	$1.6M	$2.0M	15x	as long as short
Hotstuff NVDA-PERP	+0.0064%	1h	226.64	0.000%	$35K	—	20x	as long as short
Lighter NVDA	+0.0072%	1h	226.66	+0.010%	$2.1M	$3.4M	20x	as long as short
Binance NVDAUSDT	+0.0082%	8h	226.71	+0.031%	$154.5M	$219.0M	50x	as long as short
Nado NVDA-PERPshort	+0.0083%	1h	226.66	+0.011%	$482K	$226K	20x
Pacifica NVDA	+0.0100%	1h	226.61	−0.012%	$297K	$48K	10x	as long as short
KuCoin NVDAUSDTMlong	+0.0100%	8h	226.64	long leg	$1.6M	$742K	20x
ApeX Omni NVDAUSDT	+0.0100%	1h	226.65	+0.004%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.71	+0.031%	$36K	$21K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0103%	1h	226.71	+0.031%	$53K	$1.8M	10x	as long as short
Lighter RH NVDA	+0.0104%	1h	226.80	+0.071%	$5.1M	$7.1M	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.73	+0.042%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.73	+0.040%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.29	−0.154%	$1.3M	$789K	10x	as long as short
BloFin NVDA-USDT	+0.0202%	8h	226.72	+0.035%	$710K	$193K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.88	+0.106%	$73K	$139	30x	as long as short
edgeX NVDAUSDC	+0.0289%	4h	226.80	+0.070%	$171K	$1.9M	20x	as long as short
Extended NVDA_24_5-USD	+0.0376%	1h	226.52	−0.053%	$668K	$766K	10x	as long as short