Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h +0.005%

Price spread now: KuCoin against Coinbase International+0.084%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$670.668% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.121%+$12 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now +0.084%, 7d avg +0.068%

Together, before fees+0.183%+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.068%, 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 7 days funding on this pair paid +0.121%, 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	Coinbase International NVDA-PERP-INTX	226.66	0.0128	pay 0.0016% / 1h	3m 51s	$1.3M	$781K	10x
Short	KuCoin NVDAUSDTM	226.85	0.0100	get 0.0100% / 8h	3h 03m	$1.6M	$732K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Coinbase International. 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 Coinbase InternationalbpFee KuCoinbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$5.88
Price spread: +0.084% → +0.068%: $1.62
Slippage, 4 orders: −$44.78
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$71.03
Costs to cover: 0.668%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 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 Coinbase International live order book, 5 min ago	1.76 bp	6.8 bp −$7	9.3 bp −$93	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	0.66 bp	22.0 bp −$22	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	226.78	+0.053%	$12.5M	$14.9M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.81	+0.066%	$14.3M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.77	+0.049%	$7.3M	$9.8M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.85	+0.084%	$15.4M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	226.75	+0.039%	$21K	$404K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.48	−0.079%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.87	+0.093%	$198K	$465K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.95	+0.128%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	0.0000%	8h	226.83	+0.074%	$483K	$571K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	226.64	−0.007%	$117K	$53K	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	+0.0019%	8h	226.82	+0.069%	$3.6M	$2.1M	—	as long as short
edgeX NVDAUSDC	+0.0028%	4h	226.82	+0.070%	$170K	$1.9M	20x	as long as short
Lighter NVDA	+0.0032%	1h	226.81	+0.064%	$2.1M	$3.3M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.72	+0.026%	$398K	$733K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	226.80	+0.062%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.92	+0.115%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.68	+0.009%	$147.3M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.77	+0.049%	$400K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.68	+0.009%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.56	−0.044%	$1.6M	$2.0M	15x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0059%	1h	226.73	+0.031%	$50K	$1.7M	10x	as long as short
Nado NVDA-PERP	+0.0061%	1h	226.72	+0.026%	$482K	$227K	20x	as long as short
Binance NVDAUSDT	+0.0087%	8h	226.82	+0.073%	$155.3M	$216.8M	50x	as long as short
Hotstuff NVDA-PERP	+0.0088%	1h	226.66	0.000%	$35K	—	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.73	+0.032%	$298K	$50K	10x	as long as short
KuCoin NVDAUSDTMshort	+0.0100%	8h	226.85	+0.084%	$1.6M	$732K	20x
ApeX Omni NVDAUSDT	+0.0100%	1h	226.56	−0.044%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.79	+0.057%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	226.82	+0.072%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTXlong	+0.0128%	1h	226.66	long leg	$1.3M	$781K	10x
Lighter RH NVDA	+0.0136%	1h	226.96	+0.132%	$5.1M	$7.1M	20x	as long as short
Phoenix NVDA	+0.0141%	1h	226.71	+0.022%	$93K	$112K	20x	as long as short
BloFin NVDA-USDT	+0.0207%	8h	226.81	+0.066%	$717K	$190K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.12	+0.203%	$73K	$140	30x	as long as short
Extended NVDA_24_5-USD	+0.0224%	1h	226.63	−0.011%	$670K	$765K	10x	as long as short