Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0077%/8h= −8.4% APRpaid last 24h −0.029%

Price spread now: Polymarket Perps against KuCoin+0.004%7-day average −0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$980.980% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.218%−$22 on $10k

Price spread, last 7 days−0.065%−$6 · spread now +0.004%, 7d avg −0.074%

Together, before fees−0.283%−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.078% dearer against KuCoin than usual: you sell high and buy low (spread +0.004% now, against its 7-day average of −0.074%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NVDAUSDTM	227.76	0.0127	pay 0.0127% / 8h	7h 28m	$1.6M	$741K	20x
Short	Polymarket Perps NVDA-USD	227.77	0.0050	get 0.0006% / 1h	28m 55s	$402K	$289K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$16.17
Price spread: +0.004% → −0.074%: $7.81
Slippage, 4 orders: −$78
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$106.36
Costs to cover: 0.980%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Polymarket Perps: live order book, 43 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	1.32 bp	64.9 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 43 min ago	0.88 bp	7.9 bp −$8	9.1 bp −$91	10.7 bp −$1,067	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	−0.0024%	1h	227.67	−0.040%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.70	−0.027%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.89	+0.057%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.88	+0.053%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.80	+0.018%	$7.2M	$9.7M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.79	+0.013%	$3.6M	$1.9M	—	as long as short
SunX NVDA-USDT	0.0000%	8h	227.39	−0.162%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.77	+0.004%	$198K	$510K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.85	+0.040%	$2.2M	$42K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0014%	8h	227.77	+0.006%	$21K	$394K	10x	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	+0.0015%	1h	227.54	−0.099%	$118K	$55K	10x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.69	−0.029%	$524K	$474K	10x	as long as short
Bitget NVDAUSDT	+0.0038%	8h	227.91	+0.066%	$15.5M	$16.9M	100x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.59	−0.075%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.82	+0.026%	$1.6M	$11.2M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.88	+0.053%	—	$74K	25x	as long as short
Binance NVDAUSDT	+0.0049%	8h	227.90	+0.061%	$156.6M	$217.4M	50x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.74	−0.009%	$147.9M	$46.8M	20x	as long as short
Polymarket Perps NVDA-USDshort	+0.0050%	1h	227.77	+0.004%	$402K	$289K	10x
SoDEX NVDA-USD	+0.0050%	1h	227.69	−0.031%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.55	−0.092%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.132%	$1.3M	$800K	10x	as long as short
Nado NVDA-PERP	+0.0082%	1h	227.69	−0.031%	$484K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.83	+0.033%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.69	−0.031%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.49	−0.119%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.83	+0.031%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.64	−0.053%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTMlong	+0.0127%	8h	227.76	long leg	$1.6M	$741K	20x
Lighter NVDA	+0.0144%	1h	227.91	+0.064%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	228.02	+0.114%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0169%	8h	227.85	+0.040%	$717K	$206K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.22	+0.202%	$73K	$138	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0277%	1h	227.81	+0.022%	$49K	$1.4M	10x	as long as short
edgeX NVDAUSDC	+0.0488%	4h	227.77	+0.005%	$170K	$1.9M	20x	as long as short