Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.029%

Price spread now: Ondo Perps against KuCoin−0.097%7-day average −0.114% · you buy dearer than you sell

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

Long on KuCoin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.226%−$23 on $10k

Price spread, last 7 days−0.043%−$4 · spread now −0.097%, 7d avg −0.114%

Together, before fees−0.269%+ Points / potential airdropOndo Perps: Active · farm board−$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.114%, so right now this pair is about funding alone: −$2 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	227.22	0.0106	pay 0.0106% / 8h	3h 38m	$1.6M	$727K	20x
Short	Ondo Perps NVDA-USD.P	227.00	0.0050	get 0.0006% / 1h	38m 59s	$1.6M	$2.0M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.097%Rate

Funding earned: −$11.68
Price spread: −0.097% → −0.114%: $1.69
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$26.99
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 2 min ago; Ondo Perps: 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, 2 min ago	0.88 bp	26.3 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 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	227.17	−0.022%	$12.6M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.18	−0.018%	$14.3M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.15	−0.031%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.23	+0.004%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.30	+0.037%	$20K	$393K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.88	−0.150%	$3K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.28	+0.026%	$197K	$464K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.38	+0.070%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.18	−0.018%	$118K	$53K	10x	as long as short
Aster NVDAUSDT	+0.0018%	8h	227.19	−0.015%	$482K	$590K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NVDA-PERP	+0.0024%	1h	227.07	−0.066%	$35K	—	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.23	+0.004%	$399K	$741K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.20	−0.009%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.32	+0.044%	—	$74K	25x	as long as short
Variational Omni NVDA	+0.0047%	8h	227.28	+0.024%	$3.6M	$2.2M	—	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.03	−0.084%	$147.6M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.16	−0.026%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.05	−0.075%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.Pshort	+0.0050%	1h	227.00	−0.097%	$1.6M	$2.0M	15x
Lighter NVDA	+0.0064%	1h	227.16	−0.028%	$2.1M	$3.3M	20x	as long as short
Nado NVDA-PERP	+0.0067%	1h	227.09	−0.058%	$483K	$227K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.09	−0.058%	$298K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.25	+0.013%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.16	−0.026%	$36K	$21K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.19	−0.012%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0104%	8h	227.20	−0.009%	$155.8M	$216.0M	50x	as long as short
KuCoin NVDAUSDTMlong	+0.0106%	8h	227.22	long leg	$1.6M	$727K	20x
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	227.11	−0.048%	$1.3M	$782K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.14	−0.035%	$93K	$112K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0146%	1h	227.11	−0.048%	$49K	$1.7M	10x	as long as short
Lighter RH NVDA	+0.0152%	1h	227.32	+0.044%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.61	+0.172%	$73K	$137	30x	as long as short
Extended NVDA_24_5-USD	+0.0224%	1h	227.02	−0.088%	$673K	$779K	10x	as long as short
BloFin NVDA-USDT	+0.0224%	8h	227.23	+0.004%	$719K	$201K	20x	as long as short
edgeX NVDAUSDC	+0.0358%	4h	227.30	+0.036%	$170K	$1.9M	20x	as long as short