Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h −0.027%

Price spread now: tradeXYZ against KuCoin−0.062%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$600.604% of the position

Long on KuCoin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.181%−$18 on $10k

Price spread, last 7 days+0.009%+$1 · spread now −0.062%, 7d avg −0.084%

Together, before fees−0.171%+ Points / potential airdroptradeXYZ: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.022% dearer against KuCoin than usual: you sell high and buy low (spread −0.062% now, against its 7-day average of −0.084%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.3 days. At the pace of the last 7 days (−0.181% in total) that is about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NVDAUSDTM	226.38	0.0100	pay 0.0100% / 8h	31m 50s	$1.6M	$753K	20x
Short	tradeXYZ xyz:NVDA	226.24	0.0083	get 0.0010% / 1h	31m 50s	$146.9M	$43.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$3.63
Price spread: −0.062% → −0.084%: $2.24
Slippage, 4 orders: −$30.41
Fee KuCoin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$61.81
Costs to cover: 0.604%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; tradeXYZ: live order book, 8 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, 4 min ago	1.77 bp	21.4 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 8 min ago	0.44 bp	9.7 bp −$10	10.9 bp −$109	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
Bybit NVDAUSDT	0.0000%	8h	226.33	−0.022%	$12.4M	$14.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.34	−0.018%	$14.1M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.36	−0.009%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.44	+0.027%	$15.8M	$16.7M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.91	−0.208%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.40	+0.009%	$198K	$445K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.55	+0.075%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0017%	1h	226.15	−0.100%	$117K	$51K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0023%	8h	226.38	−0.002%	$21K	$424K	10x	as long as short
Aster NVDAUSDT	+0.0038%	8h	226.37	−0.006%	$482K	$530K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NVDA-USD	+0.0040%	1h	226.29	−0.040%	$392K	$740K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.42	+0.018%	—	$74K	25x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.22	−0.071%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.13	−0.110%	$1.6M	$1.9M	15x	as long as short
Variational Omni NVDA	+0.0061%	8h	226.29	−0.039%	$3.5M	$2.3M	—	as long as short
QFEX NVDA-USD	+0.0064%	1h	226.34	−0.018%	$1.3M	$9.1M	10x	as long as short
tradeXYZ xyz:NVDAshort	+0.0083%	1h	226.24	−0.062%	$146.9M	$43.1M	20x
Polymarket Perps NVDA-USD	+0.0085%	1h	226.31	−0.031%	$391K	$247K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	226.18	−0.088%	$297K	$49K	10x	as long as short
KuCoin NVDAUSDTMlong	+0.0100%	8h	226.38	long leg	$1.6M	$753K	20x
ApeX Omni NVDAUSDT	+0.0100%	1h	226.21	−0.075%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.28	−0.044%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	226.32	−0.027%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	226.09	−0.128%	$1.3M	$698K	10x	as long as short
Binance NVDAUSDT	+0.0123%	8h	226.38	0.000%	$154.4M	$218.6M	50x	as long as short
Hotstuff NVDA-PERP	+0.0128%	1h	226.22	−0.071%	$35K	—	20x	as long as short
edgeX NVDAUSDC	+0.0153%	4h	226.33	−0.022%	$170K	$1.9M	20x	as long as short
Lighter NVDA	+0.0160%	1h	226.29	−0.041%	$2.1M	$3.2M	20x	as long as short
Nado NVDA-PERP	+0.0166%	1h	226.18	−0.086%	$480K	$223K	20x	as long as short
Phoenix NVDA	+0.0177%	1h	226.23	−0.066%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.65	+0.119%	$73K	$138	30x	as long as short
Lighter RH NVDA	+0.0224%	1h	226.46	+0.035%	$5.1M	$6.9M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0236%	1h	226.24	−0.062%	$53K	$1.9M	10x	as long as short
BloFin NVDA-USDT	+0.0244%	8h	226.37	−0.004%	$711K	$195K	20x	as long as short
Extended NVDA_24_5-USD	+0.0312%	1h	226.15	−0.102%	$644K	$875K	10x	as long as short