Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0083%/8h= −9.0% APRpaid last 24h −0.029%

Price spread now: Ondo Perps against KuCoin−0.097%7-day average −0.114% · you buy dearer than you sell

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

Long on KuCoin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.226%−$23 on $10k

Price spread, last 7 days−0.043%−$4 · spread now −0.097%, 7d avg −0.114%

Together, before fees−0.270%+ Points / potential airdropOndo Perps: Active · farm board−$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.114%, so right now this pair is about funding alone: −$2 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	227.65	0.0133	pay 0.0133% / 8h	5h 29m	$1.6M	$724K	20x
Short	Ondo Perps NVDA-USD.P	227.43	0.0050	get 0.0006% / 1h	29m 02s	$1.6M	$2.0M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo 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 Ondo PerpsbpOrdersPrice spread, now −0.097%Rate

Funding earned: −$17.35
Price spread: −0.097% → −0.114%: $1.72
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$32.63
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 7 min ago; Ondo Perps: no order-book sample. 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 KuCoin live order book, 7 min ago	1.10 bp	25.8 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
Bybit NVDAUSDT	0.0000%	8h	227.56	−0.040%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.56	−0.040%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.51	−0.061%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.64	−0.004%	$15.5M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.68	+0.013%	$20K	$384K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.11	−0.237%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	+0.048%	$198K	$478K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.64	−0.004%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0011%	8h	227.65	−0.001%	$483K	$590K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.52	−0.059%	$118K	$54K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NVDA-PERP	+0.0016%	1h	227.46	−0.083%	$35K	—	20x	as long as short
Variational Omni NVDA	+0.0036%	8h	227.62	−0.014%	$3.5M	$2.1M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.70	+0.022%	$406K	$726K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.61	−0.018%	$1.4M	$9.6M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.70	+0.022%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.43	−0.097%	$147.9M	$44.2M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.56	−0.040%	$401K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.48	−0.075%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.Pshort	+0.0050%	1h	227.43	−0.097%	$1.6M	$2.0M	15x
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.53	−0.053%	$1.3M	$777K	10x	as long as short
Binance NVDAUSDT	+0.0095%	8h	227.60	−0.023%	$156.2M	$215.2M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.47	−0.077%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.50	−0.066%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.59	−0.026%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.61	−0.019%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.50	−0.066%	$94K	$112K	20x	as long as short
Nado NVDA-PERP	+0.0122%	1h	227.48	−0.073%	$483K	$228K	20x	as long as short
KuCoin NVDAUSDTMlong	+0.0133%	8h	227.65	long leg	$1.6M	$724K	20x
Lighter NVDA	+0.0168%	1h	227.60	−0.023%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0208%	1h	227.73	+0.035%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0215%	8h	227.67	+0.009%	$723K	$201K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.99	+0.149%	$73K	$137	30x	as long as short
edgeX NVDAUSDC	+0.0277%	4h	227.60	−0.021%	$170K	$1.9M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0322%	1h	227.56	−0.040%	$49K	$1.6M	10x	as long as short
Extended NVDA_24_5-USD	+0.0344%	1h	227.42	−0.101%	$689K	$720K	10x	as long as short