Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0102%/8h= +11.1% APRpaid last 24h +0.017%

Price spread now: KuCoin against Arcus+0.061%7-day average +0.095% · 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−$66as in the Price arb table

costs, in and out, $10k−$630.627% of the position

Long on Arcus Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.062%+$6 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.061%, 7d avg +0.095%

Together, before fees+0.091%+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.033% cheaper against Arcus than usual: you would sell low and buy high (spread +0.061% now, against its 7-day average of +0.095%). If the spread goes back, that is −$3 on $10k: about 26 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NVDA-USD	227.66	0.0040	pay 0.0005% / 1h	56m 04s	$400K	$724K	20x
Short	KuCoin NVDAUSDTM	227.80	0.0142	get 0.0142% / 8h	6h 56m	$1.6M	$735K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Arcus. 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 ArcusbpFee KuCoinbpOrdersPrice spread, now +0.061%Rate

Funding earned: $21.36
Price spread: +0.061% → +0.095%: −$3.34
Slippage, 4 orders: −$46.21
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$44.69
Costs to cover: 0.627%
Break-even: 21.6 days

Slippage from Arcus: live order book, 13 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 Arcus live order book, 13 min ago	1.32 bp	10.5 bp −$11	16.0 bp −$160	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	1.32 bp	18.3 bp −$18	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	227.75	+0.040%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.74	+0.035%	$14.4M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.70	+0.018%	$7.2M	$9.5M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.26	−0.176%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.78	+0.053%	$198K	$505K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.88	+0.097%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0001%	8h	227.79	+0.059%	$484K	$582K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0014%	1h	227.69	+0.013%	$49K	$1.5M	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.78	+0.052%	$118K	$55K	10x	as long as short
Variational Omni NVDA	+0.0018%	8h	227.76	+0.044%	$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
Bitget NVDAUSDT	+0.0029%	8h	227.80	+0.061%	$15.4M	$16.8M	100x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.59	−0.029%	$696K	$704K	10x	as long as short
Hotstuff NVDA-PERP	+0.0040%	1h	227.64	−0.009%	$35K	—	20x	as long as short
Arcus NVDA-USDlong	+0.0040%	1h	227.66	long leg	$400K	$724K	20x
QFEX NVDA-USD	+0.0045%	1h	227.80	+0.061%	$1.5M	$10.7M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.89	+0.101%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.61	−0.022%	$148.0M	$46.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.76	+0.044%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.63	−0.013%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.59	−0.031%	$1.5M	$2.1M	15x	as long as short
Nado NVDA-PERP	+0.0057%	1h	227.69	+0.012%	$484K	$229K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.088%	$1.3M	$798K	10x	as long as short
Binance NVDAUSDT	+0.0086%	8h	227.79	+0.056%	$156.4M	$216.9M	50x	as long as short
Lighter NVDA	+0.0088%	1h	227.77	+0.050%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0088%	1h	227.90	+0.105%	$5.1M	$7.0M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.67	+0.004%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.72	+0.026%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.72	+0.026%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.74	+0.034%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	227.74	+0.035%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTMshort	+0.0142%	8h	227.80	+0.061%	$1.6M	$735K	20x
GRVT NVDA_USDT_Perp	+0.0169%	8h	227.88	+0.097%	$20K	$392K	10x	as long as short
BloFin NVDA-USDT	+0.0207%	8h	227.81	+0.066%	$718K	$205K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.15	+0.215%	$73K	$134	30x	as long as short
edgeX NVDAUSDC	+0.0417%	4h	227.87	+0.093%	$170K	$1.9M	20x	as long as short