Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h +0.007%

Price spread now: KuCoin against Nado+0.009%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$730.735% of the position

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.073%+$7 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now +0.009%, 7d avg +0.023%

Together, before fees+0.105%+ Points / potential airdropNado: Active · farm board+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.073%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado NVDA-PERP	226.36	0.0126	pay 0.0016% / 1h	28m 29s	$481K	$224K	20x
Short	KuCoin NVDAUSDTM	226.38	0.0100	get 0.0100% / 8h	1h 28m	$1.6M	$743K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Nado. 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 NadobpFee KuCoinbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$5.45
Price spread: +0.009% → +0.023%: −$1.36
Slippage, 4 orders: −$54.47
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$80.27
Costs to cover: 0.735%
Break-even: never at this rate

Slippage from Nado: live order book, 14 min ago; KuCoin: live order book, 7 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 Nado live order book, 14 min ago	0.66 bp	10.1 bp −$10	22.8 bp −$228	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	0.66 bp	24.5 bp −$25	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
Aster NVDAUSDT	0.0000%	8h	226.49	+0.058%	$482K	$571K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	226.47	+0.049%	$12.4M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.43	+0.031%	$14.1M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.42	+0.027%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.50	+0.062%	$15.2M	$16.0M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.34	−0.009%	$21K	$419K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.09	−0.119%	$2K	$3.6M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.46	+0.044%	$198K	$452K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.60	+0.106%	$2.2M	$42K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0016%	1h	226.19	−0.075%	$117K	$51K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0016%	8h	226.32	−0.020%	$3.5M	$2.2M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.32	−0.018%	$398K	$731K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.57	+0.093%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.34	−0.009%	$147.0M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.40	+0.018%	$391K	$285K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.29	−0.031%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.08	−0.124%	$1.6M	$1.9M	15x	as long as short
QFEX NVDA-USD	+0.0056%	1h	226.48	+0.053%	$1.3M	$9.1M	10x	as long as short
Lighter NVDA	+0.0080%	1h	226.46	+0.044%	$2.1M	$3.3M	20x	as long as short
Binance NVDAUSDT	+0.0085%	8h	226.49	+0.057%	$154.5M	$217.9M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	226.33	−0.013%	$297K	$46K	10x	as long as short
KuCoin NVDAUSDTMshort	+0.0100%	8h	226.38	+0.009%	$1.6M	$743K	20x
ApeX Omni NVDAUSDT	+0.0100%	1h	226.16	−0.088%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.43	+0.031%	$36K	$21K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0103%	1h	226.39	+0.013%	$53K	$1.8M	10x	as long as short
Hotstuff NVDA-PERP	+0.0104%	1h	226.34	−0.009%	$35K	—	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.46	+0.044%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	226.26	−0.044%	$93K	$112K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0112%	1h	226.29	−0.031%	$1.3M	$732K	10x	as long as short
Lighter RH NVDA	+0.0120%	1h	226.59	+0.102%	$5.0M	$6.9M	20x	as long as short
Nado NVDA-PERPlong	+0.0126%	1h	226.36	long leg	$481K	$224K	20x
BloFin NVDA-USDT	+0.0205%	8h	226.48	+0.053%	$715K	$194K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.67	+0.137%	$73K	$138	30x	as long as short
Extended NVDA_24_5-USD	+0.0424%	1h	226.36	0.000%	$635K	$807K	10x	as long as short
edgeX NVDAUSDC	+0.0818%	4h	226.29	−0.029%	$170K	$1.9M	20x	as long as short