Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8hnext payment −$1.00 per $10,000 · paid last 24h −0.043%

Price spread now: Gate against KuCoin−0.031%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$910.913% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.370%−$37 on $10k

Price spread, last 7 days+0.024%+$2 · spread now −0.031%, 7d avg −0.022%

Together, before fees−0.346%−$35 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: −$3 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	227.57	0.0100	pay 0.0100% / 8h	4h 22m	$1.6M	$706K	20x
Short	Gate NVDA_USDT	227.50	0	get 0.0000% / 8h	4h 22m	$7.2M	$8.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.031%Rate

Funding earned: −$21
Price spread: −0.031% → −0.022%: −$0.87
Slippage, 4 orders: −$64.28
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$113.14
Costs to cover: 0.913%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Gate: live order book, 1 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, 8 min ago	0.44 bp	46.7 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	1.10 bp	11.3 bp −$11	19.5 bp −$195	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	227.52	−0.022%	$12.8M	$14.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.58	+0.004%	$14.4M	$20.4M	50x	as long as short
Hotstuff NVDA-PERP	0.0000%	1h	227.50	−0.031%	$35K	—	20x	as long as short
Gate NVDA_USDTshort	0.0000%	8h	227.50	−0.031%	$7.2M	$8.9M	100x
GRVT NVDA_USDT_Perp	0.0000%	8h	227.69	+0.053%	$20K	$486K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.22	−0.154%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.66	+0.040%	$197K	$437K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.60	+0.013%	$2.2M	$42K	10x	as long as short
Variational Omni NVDA	+0.0011%	8h	227.59	+0.010%	$3.3M	$2.2M	—	as long as short
Aster NVDAUSDT	+0.0029%	8h	227.58	+0.005%	$511K	$393K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	227.49	−0.037%	$534K	$336K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.56	−0.004%	$413K	$634K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.75	+0.079%	—	$73K	25x	as long as short
QFEX NVDA-USD	+0.0050%	1h	227.56	−0.004%	$1.5M	$10.8M	10x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.48	−0.040%	$147.6M	$47.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.50	−0.031%	$396K	$220K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.54	−0.013%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.33	−0.105%	$1.6M	$2.0M	15x	as long as short
Binance NVDAUSDT	+0.0081%	8h	227.64	+0.030%	$156.7M	$208.1M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.40	−0.075%	$298K	$52K	10x	as long as short
KuCoin NVDAUSDTMlong	+0.0100%	8h	227.57	long leg	$1.6M	$706K	20x
ApeX Omni NVDAUSDT	+0.0100%	1h	227.58	+0.004%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.58	+0.004%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.61	+0.018%	$49K	$1.4M	10x	as long as short
Lighter RH NVDA	+0.0104%	1h	227.70	+0.057%	$4.8M	$6.8M	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.61	+0.019%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0109%	1h	227.50	−0.033%	$478K	$216K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	227.55	−0.009%	$1.3M	$818K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0159%	1h	227.49	−0.037%	$118K	$53K	10x	as long as short
Bitget NVDAUSDT	+0.0185%	8h	227.64	+0.031%	$15.8M	$17.6M	100x	as long as short
Lighter NVDA	+0.0192%	1h	227.59	+0.010%	$2.1M	$3.2M	20x	as long as short
BloFin NVDA-USDT	+0.0201%	8h	227.59	+0.009%	$728K	$198K	20x	as long as short
Phoenix NVDA	+0.0211%	1h	227.65	+0.035%	$94K	$112K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.149%	$73K	$127	30x	as long as short
edgeX NVDAUSDC	+0.0873%	4h	227.67	+0.044%	$166K	$1.8M	20x	as long as short