Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h −0.006%

Price spread now: Extended against KuCoin−0.095%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$410.406% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.191%−$19 on $10k

Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.095%, 7d avg −0.056%

Together, before fees−0.095%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.039% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.056%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NVDAUSDTM	227.50	0.0132	pay 0.0132% / 8h	5h 43m	$1.6M	$1.4M	20x
Short	Extended NVDA_24_5-USD	227.28	0.0032	get 0.0004% / 1h	43m 46s	$613K	$938K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.095%Rate

Funding earned: −$21
Price spread: −0.095% → −0.056%: −$3.89
Slippage, 4 orders: −$23.56
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$65.46
Costs to cover: 0.406%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Extended: live order book, 2 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	1.76 bp	15.7 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.44 bp	7.0 bp −$7	21.5 bp −$215	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
Hotstuff NVDA-PERP	−0.1600%	1h	225.12	−1.046%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.48	−0.009%	$12.7M	$16.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.51	+0.004%	$14.4M	$20.5M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.42	−0.035%	$7.2M	$9.2M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.53	+0.013%	$15.6M	$16.0M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.09	−0.180%	$2K	$3.4M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.36	−0.062%	$16K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.49	−0.004%	$199K	$400K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.52	+0.009%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.40	−0.044%	$118K	$52K	10x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter NVDA	+0.0032%	1h	227.42	−0.033%	$2.1M	$3.1M	20x	as long as short
Extended NVDA_24_5-USDshort	+0.0032%	1h	227.28	−0.095%	$613K	$938K	10x
GRVT NVDA_USDT_Perp	+0.0039%	8h	227.57	+0.031%	$20K	$430K	10x	as long as short
Aster NVDAUSDT	+0.0040%	8h	227.47	−0.011%	$484K	$565K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.40	−0.044%	$1.3M	$9.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.62	+0.053%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.35	−0.066%	$149.0M	$46.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.39	−0.048%	$392K	$237K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.35	−0.066%	$59K	$16K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.19	−0.136%	$1.5M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0093%	1h	227.34	−0.071%	$478K	$210K	20x	as long as short
Lighter RH NVDA	+0.0096%	1h	227.58	+0.035%	$5.2M	$7.1M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.28	−0.097%	$298K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.37	−0.057%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.44	−0.026%	$36K	$19K	20x	as long as short
Variational Omni NVDA	+0.0120%	8h	227.45	−0.023%	$3.3M	$2.4M	—	as long as short
Aevo NVDA-PERP	+0.0128%	1h	227.46	−0.018%	—	—	10x	as long as short
KuCoin NVDAUSDTMlong	+0.0132%	8h	227.50	long leg	$1.6M	$1.4M	20x
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	227.36	−0.062%	$1.3M	$663K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.50	0.000%	$94K	$82K	20x	as long as short
Binance NVDAUSDT	+0.0173%	8h	227.49	−0.004%	$156.1M	$224.9M	50x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.74	+0.105%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0292%	8h	227.48	−0.009%	$733K	$201K	20x	as long as short
Arcus NVDA-USD	+0.0320%	1h	227.40	−0.044%	$384K	$704K	20x	as long as short
edgeX NVDAUSDC	+0.0501%	4h	227.48	−0.008%	$171K	$1.9M	20x	as long as short