Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.025%

Price spread now: Injective against KuCoin+0.110%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Injective is 0.110% dearer against KuCoin than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NVDAUSDTM	227.49	0.0132	pay 0.0132% / 8h	5h 44m	$1.6M	$1.3M	20x
Short	Injective NVDA/USDC PERP	227.74	0.0220	get 0.0028% / 1h	44m 51s	$73K	$136	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.110%Rate

Funding earned: $18.48
Price spread: +0.110% → 0.000%: $10.99
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $17.45
Costs to cover: 0.120%
Break-even: 0.4 days

Slippage unknown: KuCoin: live order book, 4 min ago; Injective: no order-book sample. 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 KuCoin live order book, 4 min ago	1.76 bp	15.7 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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 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	225.25	−0.985%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.46	−0.013%	$12.7M	$16.0M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.45	−0.018%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.42	−0.031%	$7.2M	$9.2M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.51	+0.009%	$15.6M	$16.0M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.06	−0.189%	$2K	$3.4M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	0.0000%	1h	227.31	−0.079%	$16K	$1.9M	10x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.49	0.000%	$199K	$400K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.52	+0.013%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.40	−0.040%	$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	227.41	−0.035%	$2.1M	$3.1M	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.29	−0.086%	$613K	$938K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0039%	8h	227.57	+0.036%	$20K	$430K	10x	as long as short
Aster NVDAUSDT	+0.0040%	8h	227.48	−0.003%	$484K	$565K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.43	−0.026%	$1.3M	$9.0M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.61	+0.053%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.35	−0.062%	$149.0M	$46.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.37	−0.053%	$392K	$237K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.35	−0.062%	$59K	$16K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.19	−0.132%	$1.5M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0093%	1h	227.31	−0.079%	$478K	$210K	20x	as long as short
Lighter RH NVDA	+0.0096%	1h	227.56	+0.031%	$5.1M	$7.1M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.30	−0.084%	$298K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.37	−0.053%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.42	−0.031%	$36K	$19K	20x	as long as short
Variational Omni NVDA	+0.0120%	8h	227.45	−0.019%	$3.3M	$2.4M	—	as long as short
Aevo NVDA-PERP	+0.0128%	1h	227.43	−0.026%	—	—	10x	as long as short
KuCoin NVDAUSDTMlong	+0.0132%	8h	227.49	long leg	$1.6M	$1.3M	20x
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	227.36	−0.057%	$1.3M	$663K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.50	+0.004%	$94K	$82K	20x	as long as short
Binance NVDAUSDT	+0.0173%	8h	227.48	−0.004%	$156.0M	$225.0M	50x	as long as short
Injective NVDA/USDC PERPshort	+0.0220%	1h	227.74	+0.110%	$73K	$136	30x
BloFin NVDA-USDT	+0.0292%	8h	227.48	−0.004%	$733K	$201K	20x	as long as short
Arcus NVDA-USD	+0.0320%	1h	227.41	−0.035%	$384K	$704K	20x	as long as short
edgeX NVDAUSDC	+0.0501%	4h	227.48	−0.004%	$171K	$1.9M	20x	as long as short