Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.028%

Price spread now: SoDEX against KuCoin−0.044%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SoDEX is 0.044% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NVDAUSDTM	227.51	0.0100	pay 0.0100% / 8h	42m 13s	$1.6M	$744K	20x
Short	SoDEX NVDA-USD	227.41	0.0050	get 0.0006% / 1h	42m 13s	$58K	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$10.5
Price spread: −0.044% → 0.000%: −$4.4
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$34.9
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 min ago; SoDEX: 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, 4 min ago	2.20 bp	62.1 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
Aster NVDAUSDT	0.0000%	8h	227.42	−0.040%	$482K	$587K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.55	+0.018%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.53	+0.009%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.47	−0.018%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.45	−0.028%	$3.6M	$2.1M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.52	+0.004%	$20K	$427K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.03	−0.211%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	−0.013%	$198K	$524K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.62	+0.048%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0029%	1h	227.40	−0.049%	$118K	$55K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NVDAUSDT	+0.0045%	8h	227.58	+0.031%	$15.6M	$17.7M	100x	as long as short
Binance NVDAUSDT	+0.0045%	8h	227.55	+0.018%	$156.4M	$220.2M	50x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.62	+0.048%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.42	−0.040%	$147.5M	$48.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.46	−0.022%	$401K	$289K	10x	as long as short
SoDEX NVDA-USDshort	+0.0050%	1h	227.41	−0.044%	$58K	$20K	10x
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.40	−0.048%	$1.6M	$2.1M	15x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.54	+0.013%	$1.6M	$11.4M	10x	as long as short
Extended NVDA_24_5-USD	+0.0064%	1h	227.35	−0.070%	$536K	$446K	10x	as long as short
Nado NVDA-PERP	+0.0086%	1h	227.41	−0.046%	$484K	$228K	20x	as long as short
Hotstuff NVDA-PERP	+0.0088%	1h	227.42	−0.040%	$35K	—	20x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.54	+0.014%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.220%	$1.3M	$861K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.40	−0.048%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTMlong	+0.0100%	8h	227.51	long leg	$1.6M	$744K	20x
ApeX Omni NVDAUSDT	+0.0100%	1h	227.38	−0.057%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.50	−0.004%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.47	−0.018%	$94K	$112K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.40	−0.048%	$400K	$724K	20x	as long as short
BloFin NVDA-USDT	+0.0164%	8h	227.49	−0.009%	$713K	$204K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.72	+0.092%	$73K	$136	30x	as long as short
Lighter RH NVDA	+0.0240%	1h	227.70	+0.084%	$5.1M	$7.2M	20x	as long as short
Lighter NVDA	+0.0248%	1h	227.57	+0.026%	$2.1M	$3.3M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0278%	1h	227.50	−0.004%	$49K	$1.4M	10x	as long as short
edgeX NVDAUSDC	+0.0643%	4h	227.53	+0.008%	$170K	$1.9M	20x	as long as short