Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0019%/8hnext payment −$0.19 per $10,000 · paid last 24h −0.013%

Price spread now: Binance against KuCoin−0.007%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$770.772% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.125%−$12 on $10k

Price spread, last 1 day (all we have)+0.082%+$8 · spread now −0.007%, 7d avg +0.019%

Together, before fees−0.043%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.026% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.019%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NVDAUSDTM	227.59	0.0100	pay 0.0100% / 8h	4h 23m	$1.6M	$705K	20x
Short	Binance NVDAUSDT	227.57	0.0081	get 0.0081% / 8h	4h 23m	$156.6M	$208.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.007%Rate

Funding earned: −$4.03
Price spread: −0.007% → +0.019%: −$2.58
Slippage, 4 orders: −$55.21
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$83.83
Costs to cover: 0.772%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Binance: live order book, 9 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, 6 min ago	0.44 bp	46.7 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.22 bp	5.2 bp −$5	5.6 bp −$56	13.8 bp −$1,383	51.3 bp −$25.6K

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	227.55	−0.018%	$12.8M	$14.6M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.56	−0.013%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.51	−0.035%	$7.2M	$8.9M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.52	−0.029%	$19K	$488K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.27	−0.141%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.66	+0.031%	$197K	$437K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.64	+0.022%	$2.2M	$41K	10x	as long as short
Variational Omni NVDA	+0.0011%	8h	227.59	+0.002%	$3.3M	$2.2M	—	as long as short
Aster NVDAUSDT	+0.0029%	8h	227.62	+0.012%	$511K	$393K	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.44	−0.065%	$530K	$332K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NVDA-USD	+0.0040%	1h	227.62	+0.013%	$413K	$634K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.76	+0.075%	—	$73K	25x	as long as short
QFEX NVDA-USD	+0.0050%	1h	227.60	+0.004%	$1.5M	$10.8M	10x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.49	−0.044%	$147.6M	$47.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.56	−0.013%	$397K	$220K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.49	−0.044%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.33	−0.114%	$1.6M	$2.0M	15x	as long as short
Hotstuff NVDA-PERP	+0.0056%	1h	227.60	+0.004%	$35K	—	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.54	−0.022%	$49K	$1.4M	10x	as long as short
Binance NVDAUSDTshort	+0.0081%	8h	227.57	−0.007%	$156.6M	$208.0M	50x
Pacifica NVDA	+0.0100%	1h	227.44	−0.065%	$299K	$52K	10x	as long as short
KuCoin NVDAUSDTMlong	+0.0100%	8h	227.59	long leg	$1.6M	$705K	20x
ApeX Omni NVDAUSDT	+0.0100%	1h	227.37	−0.097%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.59	0.000%	$36K	$22K	20x	as long as short
Lighter RH NVDA	+0.0104%	1h	227.74	+0.066%	$4.8M	$6.8M	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.61	+0.008%	—	—	10x	as long as short
Nado NVDA-PERP	+0.0109%	1h	227.54	−0.023%	$478K	$216K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	227.43	−0.070%	$1.3M	$816K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0158%	1h	227.50	−0.038%	$118K	$53K	10x	as long as short
Bitget NVDAUSDT	+0.0186%	8h	227.60	+0.004%	$15.8M	$17.6M	100x	as long as short
Lighter NVDA	+0.0192%	1h	227.65	+0.028%	$2.1M	$3.2M	20x	as long as short
BloFin NVDA-USDT	+0.0202%	8h	227.67	+0.035%	$728K	$198K	20x	as long as short
Phoenix NVDA	+0.0211%	1h	227.43	−0.070%	$94K	$112K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.91	+0.141%	$73K	$127	30x	as long as short
edgeX NVDAUSDC	+0.0946%	4h	227.46	−0.056%	$165K	$1.8M	20x	as long as short