Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h −0.002%

Price spread now: Nado against KuCoin−0.083%7-day average −0.021% · 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−$58as in the Price arb table

costs, in and out, $10k−$510.514% of the position

Long on KuCoin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.077%−$8 on $10k

Price spread, last 4 days (all we have)+0.055%+$5 · spread now −0.083%, 7d avg −0.021%

Together, before fees−0.022%+ Points / potential airdropNado: Active · farm board−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.063% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NVDAUSDTM	227.60	0.0135	pay 0.0135% / 8h	5h 25m	$1.6M	$724K	20x
Short	Nado NVDA-PERP	227.41	0.0126	get 0.0016% / 1h	25m 13s	$483K	$228K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.083%Rate

Funding earned: −$1.87
Price spread: −0.083% → −0.021%: −$6.26
Slippage, 4 orders: −$32.42
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$59.56
Costs to cover: 0.514%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Nado: live order book, 38 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, 1 min ago	1.98 bp	14.4 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 38 min ago	1.10 bp	13.9 bp −$14	23.3 bp −$233	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	−0.035%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.51	−0.040%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.47	−0.057%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.62	+0.009%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.02	−0.255%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	+0.070%	$198K	$477K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.61	+0.004%	$2.2M	$43K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0006%	8h	227.62	+0.008%	$20K	$384K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.52	−0.037%	$118K	$54K	10x	as long as short
Aster NVDAUSDT	+0.0013%	8h	227.58	−0.007%	$483K	$590K	20x	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	+0.0040%	8h	227.53	−0.031%	$3.5M	$2.1M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.55	−0.022%	$406K	$745K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.56	−0.018%	$1.4M	$9.6M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.64	+0.018%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.38	−0.097%	$147.9M	$44.2M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.53	−0.031%	$401K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.38	−0.097%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.43	−0.075%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.53	−0.031%	$1.3M	$777K	10x	as long as short
Hotstuff NVDA-PERP	+0.0080%	1h	227.39	−0.092%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0099%	8h	227.56	−0.018%	$156.1M	$215.2M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.40	−0.087%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.39	−0.092%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.50	−0.044%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.53	−0.031%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.50	−0.044%	$94K	$112K	20x	as long as short
Nado NVDA-PERPshort	+0.0126%	1h	227.41	−0.083%	$483K	$228K	20x
KuCoin NVDAUSDTMlong	+0.0135%	8h	227.60	long leg	$1.6M	$724K	20x
Deribit NVDA_USDC-PERPETUAL	+0.0146%	1h	227.46	−0.062%	$49K	$1.6M	10x	as long as short
Lighter NVDA	+0.0168%	1h	227.52	−0.036%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0216%	1h	227.65	+0.022%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0219%	8h	227.56	−0.018%	$723K	$201K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.22	+0.272%	$73K	$138	30x	as long as short
Extended NVDA_24_5-USD	+0.0368%	1h	227.34	−0.114%	$689K	$724K	10x	as long as short
edgeX NVDAUSDC	+0.0872%	4h	227.56	−0.018%	$170K	$1.9M	20x	as long as short