Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0059%/8h= +6.5% APRpaid last 24h +0.030%

Price spread now: KuCoin against QFEX+0.040%7-day average +0.045% · 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−$86as in the Price arb table

costs, in and out, $10k−$850.852% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.118%+$12 on $10k

Price spread, last 7 days+0.001%$0 · spread now +0.040%, 7d avg +0.045%

Together, before fees+0.119%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.045%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NVDA-USD	227.38	0.0041	pay 0.0005% / 1h	4m 32s	$1.6M	$11.4M	10x
Short	KuCoin NVDAUSDTM	227.47	0.0100	get 0.0100% / 8h	1h 04m	$1.6M	$749K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against QFEX. 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 QFEXbpFee KuCoinbpOrdersPrice spread, now +0.040%Rate

Funding earned: $12.48
Price spread: +0.040% → +0.045%: −$0.57
Slippage, 4 orders: −$63.21
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$73.3
Costs to cover: 0.852%
Break-even: 48.1 days

Slippage from QFEX: live order book, 4 min ago; KuCoin: live order book, 1 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 QFEX live order book, 4 min ago	1.76 bp	6.8 bp −$7	7.3 bp −$73	10.0 bp −$996	doesn't fit
Sell KuCoin live order book, 1 min ago	1.98 bp	19.1 bp −$19	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
Hotstuff NVDA-PERP	−0.0024%	1h	227.31	−0.031%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.42	+0.018%	$482K	$587K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.46	+0.035%	$12.7M	$15.5M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.41	+0.013%	$14.4M	$21.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.39	+0.004%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.41	+0.015%	$3.5M	$2.3M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.50	+0.054%	$20K	$432K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.90	−0.211%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.47	+0.040%	$198K	$526K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.48	+0.044%	$2.2M	$41K	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	+0.0023%	1h	227.46	+0.037%	$118K	$55K	10x	as long as short
Binance NVDAUSDT	+0.0027%	8h	227.47	+0.037%	$156.3M	$220.5M	50x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.26	−0.052%	$536K	$446K	10x	as long as short
Bitget NVDAUSDT	+0.0034%	8h	227.48	+0.044%	$15.6M	$17.7M	100x	as long as short
QFEX NVDA-USDlong	+0.0041%	1h	227.38	long leg	$1.6M	$11.4M	10x
Vest NVDA-USD-PERP	+0.0046%	1h	227.47	+0.040%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.31	−0.031%	$147.3M	$48.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.33	−0.022%	$401K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.28	−0.044%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.23	−0.066%	$1.6M	$2.1M	15x	as long as short
Phoenix NVDA	+0.0070%	1h	227.31	−0.031%	$93K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.42	+0.017%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.163%	$1.3M	$863K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.25	−0.056%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTMshort	+0.0100%	8h	227.47	+0.040%	$1.6M	$749K	20x
ApeX Omni NVDAUSDT	+0.0100%	1h	227.29	−0.040%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.39	+0.004%	$36K	$22K	20x	as long as short
Nado NVDA-PERP	+0.0104%	1h	227.28	−0.045%	$483K	$227K	20x	as long as short
BloFin NVDA-USDT	+0.0106%	8h	227.44	+0.026%	$672K	$204K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0146%	1h	227.34	−0.018%	$49K	$1.4M	10x	as long as short
Lighter RH NVDA	+0.0184%	1h	227.58	+0.088%	$5.1M	$7.2M	20x	as long as short
Lighter NVDA	+0.0200%	1h	227.47	+0.041%	$2.1M	$3.3M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.71	+0.145%	$73K	$140	30x	as long as short
Arcus NVDA-USD	+0.0305%	1h	227.26	−0.053%	$400K	$723K	20x	as long as short
edgeX NVDAUSDC	+0.0467%	4h	227.41	+0.013%	$170K	$1.9M	20x	as long as short