Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0091%/8h= −10.0% APRpaid last 24h −0.022%

Price spread now: KuCoin against Injective−0.105%7-day average — · you buy dearer than you sell

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

Long on Injective Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.105% cheaper against Injective than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective NVDA/USDC PERP	227.96	0.0220	pay 0.0028% / 1h	46m 53s	$73K	$136	30x
Short	KuCoin NVDAUSDTM	227.72	0.0129	get 0.0129% / 8h	5h 46m	$1.6M	$724K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Injective. 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 InjectivebpFee KuCoinbpOrdersPrice spread, now −0.105%Rate

Funding earned: −$19.11
Price spread: −0.105% → 0.000%: −$10.53
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$41.66
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 4 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 4 min ago	1.54 bp	17.3 bp −$17	doesn't fit	doesn't fit	doesn't fit

Injective: 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
Bybit NVDAUSDT	0.0000%	8h	227.65	−0.136%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.65	−0.136%	$14.4M	$20.1M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.61	−0.154%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.74	−0.097%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.76	−0.088%	$20K	$385K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.20	−0.333%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.84	−0.053%	$198K	$480K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.78	−0.079%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0002%	8h	227.68	−0.124%	$483K	$590K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.53	−0.190%	$118K	$54K	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	+0.0027%	8h	227.69	−0.118%	$3.5M	$2.0M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.71	−0.110%	$406K	$712K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.67	−0.127%	$1.4M	$9.7M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.78	−0.079%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.53	−0.189%	$148.0M	$44.2M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.63	−0.145%	$402K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.53	−0.189%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.46	−0.219%	$1.6M	$2.0M	15x	as long as short
Hotstuff NVDA-PERP	+0.0056%	1h	227.53	−0.189%	$35K	—	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.219%	$1.3M	$776K	10x	as long as short
Binance NVDAUSDT	+0.0087%	8h	227.70	−0.114%	$156.3M	$215.3M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.55	−0.181%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.53	−0.189%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.65	−0.136%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.66	−0.132%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.58	−0.167%	$94K	$112K	20x	as long as short
Nado NVDA-PERP	+0.0119%	1h	227.56	−0.175%	$484K	$229K	20x	as long as short
KuCoin NVDAUSDTMshort	+0.0129%	8h	227.72	−0.105%	$1.6M	$724K	20x
Deribit NVDA_USDC-PERPETUAL	+0.0146%	1h	227.61	−0.154%	$49K	$1.6M	10x	as long as short
Lighter NVDA	+0.0168%	1h	227.67	−0.128%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0200%	1h	227.82	−0.061%	$5.1M	$7.0M	20x	as long as short
BloFin NVDA-USDT	+0.0207%	8h	227.68	−0.123%	—	$202K	20x	as long as short
Injective NVDA/USDC PERPlong	+0.0220%	1h	227.96	long leg	$73K	$136	30x
Extended NVDA_24_5-USD	+0.0248%	1h	227.51	−0.195%	$689K	$714K	10x	as long as short
edgeX NVDAUSDC	+0.0958%	4h	227.69	−0.119%	$170K	$1.9M	20x	as long as short