Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h +0.002%

Price spread now: KuCoin against Nado+0.092%51s7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

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

Long on Nado Short on KuCoin

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)−0.064%−$6 · spread now +0.092%, 7d avg +0.021%

Together, before fees+0.013%+ Points / potential airdropNado: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and KuCoin is 0.072% dearer against Nado than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.021%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado NVDA-PERP	227.39	0.0126	pay 0.0016% / 1h	25m 38s	$483K	$228K	20x
Short	KuCoin NVDAUSDTM	227.60	0.0136	get 0.0136% / 8h	5h 25m	$1.6M	$724K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Nado. 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 NadobpFee KuCoinbpOrdersPrice spread, now +0.092%Rate

Funding earned: $2.04
Price spread: +0.092% → +0.021%: $7.15
Slippage, 4 orders: −$32.42
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$42.23
Costs to cover: 0.514%
Break-even: 151.6 days

Slippage from Nado: live order book, 37 min ago; KuCoin: live order book, just now.

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 Nado live order book, 37 min ago	1.10 bp	8.9 bp −$9	22.0 bp −$220	doesn't fit	doesn't fit
Sell KuCoin live order book, just now	1.98 bp	14.2 bp −$14	doesn't fit	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	227.53	+0.061%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.51	+0.053%	$14.4M	$20.2M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.47	+0.035%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.62	+0.101%	$15.5M	$16.4M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.63	+0.104%	$20K	$384K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.02	−0.163%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	+0.163%	$198K	$478K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.64	+0.110%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	227.52	+0.055%	$118K	$54K	10x	as long as short
Aster NVDAUSDT	+0.0013%	8h	227.59	+0.086%	$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	+0.061%	$3.5M	$2.1M	—	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.55	+0.070%	$406K	$745K	20x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.56	+0.075%	$1.4M	$9.6M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.62	+0.101%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.38	−0.005%	$147.9M	$44.2M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.52	+0.057%	$401K	$277K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.39	0.000%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.43	+0.017%	$1.6M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.53	+0.061%	$1.3M	$777K	10x	as long as short
Hotstuff NVDA-PERP	+0.0080%	1h	227.39	0.000%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0099%	8h	227.55	+0.070%	$156.1M	$215.2M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.40	+0.005%	$298K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.50	+0.048%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.53	+0.061%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.55	+0.070%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.50	+0.048%	$94K	$112K	20x	as long as short
Nado NVDA-PERPlong	+0.0126%	1h	227.39	long leg	$483K	$228K	20x
KuCoin NVDAUSDTMshort	+0.0136%	8h	227.60	+0.092%	$1.6M	$724K	20x
Lighter NVDA	+0.0168%	1h	227.53	+0.060%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0216%	1h	227.65	+0.114%	$5.1M	$7.1M	20x	as long as short
BloFin NVDA-USDT	+0.0217%	8h	227.62	+0.101%	$723K	$201K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.99	+0.264%	$73K	$137	30x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0278%	1h	227.49	+0.044%	$49K	$1.6M	10x	as long as short
Extended NVDA_24_5-USD	+0.0360%	1h	227.34	−0.022%	$689K	$724K	10x	as long as short
edgeX NVDAUSDC	+0.0749%	4h	227.62	+0.101%	$170K	$1.9M	20x	as long as short