Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0007%/8h= −0.8% APRpaid last 24h +0.004%

Price spread now: KuCoin against Lighter RH−0.057%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Lighter RH Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 7 days+0.039%+$4 · spread now −0.057%, 7d avg −0.021%

Together, before fees+0.140%+ Points / potential airdropLighter RH: Points live · farm board+$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.036% cheaper against Lighter RH than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH NVDA	228.04	0.0152	pay 0.0019% / 1h	0m 55s	$5.1M	$7.1M	20x
Short	KuCoin NVDAUSDTM	227.91	0.0145	get 0.0145% / 8h	7h 00m	$1.6M	$734K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Lighter RH. 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 Lighter RHbpFee KuCoinbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$1.47
Price spread: −0.057% → −0.021%: −$3.57
Slippage, 4 orders: −$32.9
Fee Lighter RH: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$49.94
Costs to cover: 0.449%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 3 min ago; KuCoin: live order book, 5 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 Lighter RH live order book, 3 min ago	1.32 bp	2.0 bp −$2	5.1 bp −$51	35.6 bp −$3,563	doesn't fit
Sell KuCoin live order book, 5 min ago	1.32 bp	17.3 bp −$17	doesn't fit	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	227.89	−0.066%	$12.7M	$15.2M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.84	−0.088%	$14.4M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.82	−0.096%	$7.2M	$9.7M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.42	−0.272%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.90	−0.061%	$198K	$505K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.94	−0.044%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0002%	8h	227.77	−0.117%	$484K	$582K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.85	−0.085%	$118K	$55K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0013%	1h	227.80	−0.105%	$49K	$1.5M	10x	as long as short
Variational Omni NVDA	+0.0019%	8h	227.86	−0.081%	$3.5M	$1.9M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	227.70	−0.147%	$636K	$597K	10x	as long as short
Bitget NVDAUSDT	+0.0039%	8h	227.91	−0.057%	$15.4M	$16.8M	100x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.73	−0.136%	$400K	$724K	20x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.86	−0.079%	$1.5M	$10.8M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.98	−0.026%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.76	−0.123%	$148.1M	$46.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.85	−0.083%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.74	−0.132%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.73	−0.136%	$1.5M	$2.1M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.254%	$1.3M	$798K	10x	as long as short
Nado NVDA-PERP	+0.0086%	1h	227.78	−0.113%	$484K	$229K	20x	as long as short
Binance NVDAUSDT	+0.0087%	8h	227.89	−0.066%	$156.5M	$217.0M	50x	as long as short
Hotstuff NVDA-PERP	+0.0088%	1h	227.74	−0.132%	$35K	—	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.75	−0.129%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.74	−0.132%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.86	−0.079%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.86	−0.080%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	227.75	−0.127%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTMshort	+0.0145%	8h	227.91	−0.057%	$1.6M	$734K	20x
Lighter NVDA	+0.0152%	1h	227.89	−0.064%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDAlong	+0.0152%	1h	228.04	long leg	$5.1M	$7.1M	20x
GRVT NVDA_USDT_Perp	+0.0190%	8h	227.92	−0.055%	$21K	$391K	10x	as long as short
BloFin NVDA-USDT	+0.0207%	8h	227.90	−0.061%	$720K	$205K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.20	+0.070%	$73K	$140	30x	as long as short
edgeX NVDAUSDC	+0.0342%	4h	227.88	−0.072%	$170K	$1.9M	20x	as long as short