Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h +0.005%

Price spread now: KuCoin against Coinbase International+0.040%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$570.566% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.121%+$12 on $10k

Price spread, last 4 days (all we have)+0.127%+$13 · spread now +0.040%, 7d avg +0.068%

Together, before fees+0.248%+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.028% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.040% now, against its 7-day average of +0.068%). If the spread goes back, that is −$3 on $10k: about 3.8 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.121% in total) that is about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NVDA-PERP-INTX	227.53	0.0104	pay 0.0013% / 1h	9m 14s	$1.3M	$775K	10x
Short	KuCoin NVDAUSDTM	227.62	0.0129	get 0.0129% / 8h	4h 09m	$1.6M	$722K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Coinbase International. 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 Coinbase InternationalbpFee KuCoinbpOrdersPrice spread, now +0.040%Rate

Funding earned: $5.25
Price spread: +0.040% → +0.068%: −$2.83
Slippage, 4 orders: −$34.61
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$54.19
Costs to cover: 0.566%
Break-even: 79.3 days

Slippage from Coinbase International: live order book, 4 min ago; KuCoin: live order book, 7 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 Coinbase International live order book, 4 min ago	1.98 bp	7.7 bp −$8	9.9 bp −$99	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	1.10 bp	18.7 bp −$19	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	227.59	+0.026%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.57	+0.018%	$14.4M	$20.5M	50x	as long as short
Hotstuff NVDA-PERP	0.0000%	1h	227.44	−0.040%	$35K	—	20x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.53	0.000%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.63	+0.044%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.20	−0.145%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	+0.048%	$198K	$468K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.61	+0.035%	$2.2M	$43K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0013%	8h	227.60	+0.031%	$20K	$391K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0015%	1h	227.47	−0.028%	$118K	$54K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0030%	8h	227.62	+0.038%	$483K	$590K	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.53	0.000%	$399K	$741K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.70	+0.075%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.47	−0.026%	$147.8M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.56	+0.013%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.46	−0.031%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.36	−0.075%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.55	+0.009%	$1.3M	$9.2M	10x	as long as short
Variational Omni NVDA	+0.0061%	8h	227.56	+0.014%	$3.5M	$2.1M	—	as long as short
Nado NVDA-PERP	+0.0069%	1h	227.46	−0.029%	$484K	$228K	20x	as long as short
Lighter NVDA	+0.0072%	1h	227.57	+0.017%	$2.2M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.44	−0.039%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.45	−0.035%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.57	+0.018%	$36K	$21K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.51	−0.009%	$49K	$1.6M	10x	as long as short
Coinbase International NVDA-PERP-INTXlong	+0.0104%	1h	227.53	long leg	$1.3M	$775K	10x
Aevo NVDA-PERP	+0.0112%	1h	227.58	+0.020%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0115%	8h	227.61	+0.035%	$156.2M	$215.8M	50x	as long as short
KuCoin NVDAUSDTMshort	+0.0129%	8h	227.62	+0.040%	$1.6M	$722K	20x
Phoenix NVDA	+0.0141%	1h	227.52	−0.004%	$94K	$112K	20x	as long as short
Lighter RH NVDA	+0.0144%	1h	227.73	+0.088%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.167%	$73K	$139	30x	as long as short
BloFin NVDA-USDT	+0.0235%	8h	227.60	+0.031%	$722K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0336%	1h	227.43	−0.044%	$673K	$754K	10x	as long as short
edgeX NVDAUSDC	+0.0644%	4h	227.56	+0.014%	$171K	$1.9M	20x	as long as short