Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.014%

Price spread now: Pacifica against KuCoin−0.090%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1071.073% of the position

Long on KuCoin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.148%−$15 on $10k

Price spread, last 4 days (all we have)+0.075%+$8 · spread now −0.090%, 7d avg −0.053%

Together, before fees−0.072%+ Points / potential airdropPacifica: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Pacifica is 0.037% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.053%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NVDAUSDTM	227.91	0.0132	pay 0.0132% / 8h	6h 21m	$1.6M	$737K	20x
Short	Pacifica NVDA	227.70	0.0100	get 0.0013% / 1h	21m 25s	$299K	$60K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.090%Rate

Funding earned: −$6.72
Price spread: −0.090% → −0.053%: −$3.71
Slippage, 4 orders: −$87.31
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$117.74
Costs to cover: 1.073%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; Pacifica: live order book, 47 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, 9 min ago	1.54 bp	75.2 bp −$75	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 47 min ago	1.98 bp	8.1 bp −$8	doesn't fit	doesn't fit	doesn't fit

NVDA on 34 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	227.85	−0.026%	$12.7M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.82	−0.039%	$14.4M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.75	−0.070%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.85	−0.026%	$15.4M	$16.3M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.40	−0.224%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.96	+0.022%	$198K	$496K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.94	+0.013%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0001%	8h	227.79	−0.054%	$484K	$581K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	227.76	−0.067%	$118K	$54K	10x	as long as short
Variational Omni NVDA	+0.0018%	8h	227.89	−0.010%	$3.5M	$2.0M	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NVDA_USDT_Perp	+0.0029%	8h	227.90	−0.003%	$20K	$387K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.72	−0.083%	$400K	$723K	20x	as long as short
QFEX NVDA-USD	+0.0045%	1h	227.85	−0.026%	$1.4M	$10.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.94	+0.013%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.68	−0.101%	$148.1M	$44.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.80	−0.048%	$402K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.75	−0.070%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.73	−0.079%	$1.6M	$2.0M	15x	as long as short
Hotstuff NVDA-PERP	+0.0064%	1h	227.72	−0.083%	$35K	—	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.197%	$1.3M	$786K	10x	as long as short
Nado NVDA-PERP	+0.0084%	1h	227.74	−0.074%	$484K	$230K	20x	as long as short
Binance NVDAUSDT	+0.0086%	8h	227.83	−0.035%	$156.3M	$216.0M	50x	as long as short
Pacifica NVDAshort	+0.0100%	1h	227.70	−0.090%	$299K	$60K	10x
ApeX Omni NVDAUSDT	+0.0100%	1h	227.73	−0.079%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.80	−0.048%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.82	−0.040%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.78	−0.057%	$94K	$112K	20x	as long as short
Lighter NVDA	+0.0128%	1h	227.87	−0.018%	$2.2M	$3.2M	20x	as long as short
KuCoin NVDAUSDTMlong	+0.0132%	8h	227.91	long leg	$1.6M	$737K	20x
Lighter RH NVDA	+0.0144%	1h	227.99	+0.035%	$5.1M	$7.0M	20x	as long as short
Extended NVDA_24_5-USD	+0.0160%	1h	227.66	−0.110%	$689K	$714K	10x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.09	+0.079%	$73K	$138	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0277%	1h	227.84	−0.031%	$49K	$1.5M	10x	as long as short
edgeX NVDAUSDC	+0.0354%	4h	227.88	−0.012%	$170K	$1.9M	20x	as long as short