Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h −0.005%

Price spread now: Coinbase International against KuCoin+0.084%7-day average −0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$650.646% of the position

Long on KuCoin Short on Coinbase International

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)−0.229%−$23 · spread now +0.084%, 7d avg −0.068%

Together, before fees−0.350%−$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.151% dearer against KuCoin than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.068%. Mind the row above: over the last 7 days funding on this pair cost −0.121%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NVDAUSDTM	227.34	0.0107	pay 0.0107% / 8h	3h 41m	$1.6M	$727K	20x
Short	Coinbase International NVDA-PERP-INTX	227.53	0.0128	get 0.0016% / 1h	41m 38s	$1.3M	$775K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.084%Rate

Funding earned: $4.41
Price spread: +0.084% → −0.068%: $15.12
Slippage, 4 orders: −$42.63
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$45.11
Costs to cover: 0.646%
Break-even: 78.6 days

Slippage from KuCoin: live order book, 4 min ago; Coinbase International: live order book, 2 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, 4 min ago	0.66 bp	24.4 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	2.20 bp	7.2 bp −$7	10.0 bp −$100	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	227.27	−0.031%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.30	−0.018%	$14.3M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.27	−0.031%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.37	+0.013%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.44	+0.043%	$20K	$392K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.00	−0.150%	$3K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.52	+0.079%	$198K	$464K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.40	+0.026%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	227.25	−0.038%	$118K	$53K	10x	as long as short
Aster NVDAUSDT	+0.0018%	8h	227.32	−0.009%	$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
Hotstuff NVDA-PERP	+0.0024%	1h	227.19	−0.066%	$35K	—	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.32	−0.009%	$399K	$741K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.29	−0.022%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.48	+0.062%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.17	−0.075%	$147.7M	$43.4M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.35	+0.004%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.23	−0.048%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.15	−0.084%	$1.6M	$2.0M	15x	as long as short
Variational Omni NVDA	+0.0051%	8h	227.48	+0.059%	$3.6M	$2.2M	—	as long as short
Nado NVDA-PERP	+0.0064%	1h	227.27	−0.032%	$483K	$227K	20x	as long as short
Lighter NVDA	+0.0064%	1h	227.29	−0.020%	$2.1M	$3.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.21	−0.058%	$298K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.28	−0.026%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.34	0.000%	$36K	$21K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.30	−0.018%	$49K	$1.7M	10x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.38	+0.016%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0104%	8h	227.31	−0.013%	$155.9M	$215.9M	50x	as long as short
KuCoin NVDAUSDTMlong	+0.0107%	8h	227.34	long leg	$1.6M	$727K	20x
Coinbase International NVDA-PERP-INTXshort	+0.0128%	1h	227.53	+0.084%	$1.3M	$775K	10x
Phoenix NVDA	+0.0141%	1h	227.27	−0.031%	$93K	$112K	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	227.45	+0.048%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.83	+0.216%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0225%	8h	227.40	+0.026%	$719K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0232%	1h	227.17	−0.075%	$673K	$779K	10x	as long as short
edgeX NVDAUSDC	+0.0920%	4h	227.36	+0.010%	$170K	$1.9M	20x	as long as short