Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0130%/8h= −14.2% APRpaid last 24h +0.008%

Price spread now: Deribit against KuCoin−0.048%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$500.503% of the position

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.031%−$3 on $10k

Price spread, last 4 days (all we have)−0.105%−$10 · spread now −0.048%, 7d avg −0.034%

Together, before fees−0.135%−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NVDAUSDTM	226.83	0.0130	pay 0.0130% / 8h	6h 08m	$1.6M	$1.3M	20x
Short	Deribit NVDA_USDC-PERPETUAL	226.72	0	get 0.0000% / 1h	8m 21s	$37K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against KuCoin. 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 KuCoinbpFee DeribitbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$27.3
Price spread: −0.048% → −0.034%: −$1.46
Slippage, 4 orders: −$31.29
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$79.05
Costs to cover: 0.503%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Deribit: live order book, 4 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 KuCoin live order book, 5 min ago	1.98 bp	18.7 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 4 min ago	0.22 bp	3.7 bp −$4	4.9 bp −$49	doesn't fit	doesn't fit

NVDA on 35 exchanges

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	226.82	−0.004%	$12.7M	$15.5M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.84	+0.004%	$14.3M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.75	−0.035%	$7.2M	$9.5M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.90	+0.031%	$15.6M	$15.9M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.37	−0.203%	$2K	$3.4M	20x	as long as short
Deribit NVDA_USDC-PERPETUALshort	0.0000%	1h	226.72	−0.048%	$37K	$1.9M	10x
HTX NVDA-USDT	0.0000%	8h	226.97	+0.062%	$198K	$400K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.91	+0.035%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	226.62	−0.094%	$117K	$52K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0026%	8h	226.83	0.000%	$21K	$430K	10x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	226.70	−0.057%	$617K	$930K	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.98	+0.066%	—	$74K	25x	as long as short
QFEX NVDA-USD	+0.0047%	1h	226.81	−0.009%	$1.3M	$9.0M	10x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.70	−0.057%	$148.0M	$45.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.73	−0.044%	$392K	$240K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.71	−0.053%	$59K	$17K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.56	−0.119%	$1.6M	$1.9M	15x	as long as short
Aster NVDAUSDT	+0.0057%	8h	226.82	−0.004%	$483K	$565K	20x	as long as short
Lighter NVDA	+0.0064%	1h	226.78	−0.022%	$2.1M	$3.2M	20x	as long as short
Hotstuff NVDA-PERP	+0.0088%	1h	226.69	−0.062%	$35K	—	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.68	−0.067%	$298K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.71	−0.053%	$16K	$45K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.80	−0.013%	$36K	$19K	20x	as long as short
Nado NVDA-PERP	+0.0101%	1h	226.74	−0.039%	$479K	$209K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	226.78	−0.022%	$93K	$83K	20x	as long as short
Variational Omni NVDA	+0.0111%	8h	226.79	−0.016%	$3.3M	$2.4M	—	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.82	−0.006%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	226.45	−0.168%	$1.3M	$665K	10x	as long as short
KuCoin NVDAUSDTMlong	+0.0130%	8h	226.83	long leg	$1.6M	$1.3M	20x
Lighter RH NVDA	+0.0160%	1h	226.96	+0.057%	$5.1M	$7.2M	20x	as long as short
Binance NVDAUSDT	+0.0164%	8h	226.86	+0.013%	$155.5M	$223.1M	50x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.10	+0.119%	$73K	$139	30x	as long as short
Arcus NVDA-USD	+0.0225%	1h	226.76	−0.031%	$383K	$703K	20x	as long as short
BloFin NVDA-USDT	+0.0284%	8h	226.91	+0.035%	$726K	$201K	20x	as long as short
edgeX NVDAUSDC	+0.0989%	4h	226.82	−0.006%	$170K	$1.9M	20x	as long as short