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: KuCoin against SoDEX+0.066%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on KuCoin

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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.066% dearer against SoDEX than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX NVDA-USD	227.36	0.0050	pay 0.0006% / 1h	40m 36s	$58K	$20K	10x
Short	KuCoin NVDAUSDTM	227.51	0.0100	get 0.0100% / 8h	40m 36s	$1.6M	$744K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SoDEX. 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 SoDEXbpFee KuCoinbpOrdersPrice spread, now +0.066%Rate

Funding earned: $10.5
Price spread: +0.066% → 0.000%: $6.6
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$2.9
Costs to cover: 0.200%
Break-even: 8.9 days

Slippage unknown: SoDEX: no order-book sample; KuCoin: live order book, just now. 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 SoDEX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, just now	3.30 bp	22.9 bp −$23	doesn't fit	doesn't fit	doesn't fit

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	+0.026%	$482K	$587K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.48	+0.053%	$12.7M	$15.4M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.47	+0.048%	$14.4M	$21.0M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.41	+0.022%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.45	+0.038%	$3.6M	$2.1M	—	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.56	+0.088%	$20K	$416K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.95	−0.180%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	+0.053%	$198K	$524K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.62	+0.114%	$2.2M	$42K	10x	as long as short
Hotstuff NVDA-PERP	+0.0016%	1h	227.36	0.000%	$35K	—	20x	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	+0.0029%	1h	227.44	+0.035%	$118K	$55K	10x	as long as short
Bitget NVDAUSDT	+0.0045%	8h	227.53	+0.075%	$15.6M	$17.7M	100x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.57	+0.092%	—	$74K	25x	as long as short
Binance NVDAUSDT	+0.0046%	8h	227.51	+0.066%	$156.3M	$220.2M	50x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.37	+0.004%	$147.4M	$48.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.38	+0.009%	$401K	$289K	10x	as long as short
SoDEX NVDA-USDlong	+0.0050%	1h	227.36	long leg	$58K	$20K	10x
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.40	+0.018%	$1.6M	$2.1M	15x	as long as short
Extended NVDA_24_5-USD	+0.0056%	1h	227.32	−0.015%	$536K	$446K	10x	as long as short
QFEX NVDA-USD	+0.0060%	1h	227.51	+0.066%	$1.6M	$11.4M	10x	as long as short
Nado NVDA-PERP	+0.0085%	1h	227.34	−0.008%	$484K	$229K	20x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.48	+0.052%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0096%	1h	227.01	−0.154%	$1.3M	$861K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.36	−0.001%	$298K	$60K	10x	as long as short
KuCoin NVDAUSDTMshort	+0.0100%	8h	227.51	+0.066%	$1.6M	$744K	20x
ApeX Omni NVDAUSDT	+0.0100%	1h	227.38	+0.009%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.50	+0.062%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.47	+0.048%	$94K	$112K	20x	as long as short
Arcus NVDA-USD	+0.0127%	1h	227.35	−0.004%	$400K	$724K	20x	as long as short
BloFin NVDA-USDT	+0.0166%	8h	227.49	+0.057%	$713K	$204K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.72	+0.158%	$73K	$136	30x	as long as short
Lighter RH NVDA	+0.0240%	1h	227.66	+0.132%	$5.1M	$7.2M	20x	as long as short
Lighter NVDA	+0.0248%	1h	227.53	+0.076%	$2.1M	$3.3M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0278%	1h	227.44	+0.035%	$49K	$1.4M	10x	as long as short
edgeX NVDAUSDC	+0.0643%	4h	227.53	+0.074%	$170K	$1.9M	20x	as long as short