Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0026%/8h= +2.9% APRpaid last 24h +0.008%

Price spread now: Deribit against KuCoin−0.066%7-day average −0.034% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$530.526% of the position

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.033%−$3 on $10k

Price spread, last 4 days (all we have)−0.177%−$18 · spread now −0.066%, 7d avg −0.034%

Together, before fees−0.210%−$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.032% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of −0.034%). If the spread goes back, that is −$3 on $10k: about 4.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NVDAUSDTM	226.86	0.0121	pay 0.0121% / 8h	6h 55m	$1.6M	$1.1M	20x
Short	Deribit NVDA_USDC-PERPETUAL	226.71	0.0147	get 0.0018% / 1h	55m 11s	$53K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.066%Rate

Funding earned: $5.49
Price spread: −0.066% → −0.034%: −$3.22
Slippage, 4 orders: −$33.64
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$50.37
Costs to cover: 0.526%
Break-even: 71.2 days

Slippage from KuCoin: live order book, 11 min ago; Deribit: live order book, 4 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, 11 min ago	1.32 bp	22.3 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 4 min ago	2.87 bp	6.8 bp −$7	8.3 bp −$83	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	226.79	−0.031%	$12.7M	$15.2M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.78	−0.035%	$14.2M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.73	−0.057%	$7.2M	$9.3M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.82	−0.018%	$15.7M	$16.0M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.49	−0.163%	$3K	$3.5M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	226.86	0.000%	$198K	$436K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.96	+0.044%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0013%	1h	226.84	−0.009%	$117K	$51K	10x	as long as short
Hotstuff NVDA-PERP	+0.0016%	1h	226.68	−0.079%	$35K	—	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	226.60	−0.112%	$641K	$885K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter NVDA	+0.0040%	1h	226.73	−0.059%	$2.1M	$3.1M	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.96	+0.044%	—	$74K	25x	as long as short
QFEX NVDA-USD	+0.0047%	1h	226.76	−0.044%	$1.3M	$9.1M	10x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.62	−0.106%	$147.6M	$45.0M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.70	−0.071%	$392K	$240K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.69	−0.075%	$59K	$18K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.68	−0.079%	$1.6M	$1.9M	15x	as long as short
GRVT NVDA_USDT_Perp	+0.0058%	8h	227.01	+0.066%	$21K	$433K	10x	as long as short
Aster NVDAUSDT	+0.0083%	8h	226.86	+0.001%	$485K	$543K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.65	−0.092%	$297K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.82	−0.018%	$16K	$45K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.76	−0.044%	$36K	$20K	20x	as long as short
Variational Omni NVDA	+0.0113%	8h	226.95	+0.040%	$3.3M	$2.5M	—	as long as short
Nado NVDA-PERP	+0.0116%	1h	226.73	−0.058%	$482K	$221K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.81	−0.023%	—	—	10x	as long as short
KuCoin NVDAUSDTMlong	+0.0121%	8h	226.86	long leg	$1.6M	$1.1M	20x
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	227.02	+0.071%	$1.3M	$682K	10x	as long as short
Deribit NVDA_USDC-PERPETUALshort	+0.0147%	1h	226.71	−0.066%	$53K	$1.9M	10x
edgeX NVDAUSDC	+0.0162%	4h	226.89	+0.013%	$171K	$1.9M	20x	as long as short
Lighter RH NVDA	+0.0168%	1h	226.88	+0.009%	$5.1M	$6.9M	20x	as long as short
Binance NVDAUSDT	+0.0169%	8h	226.82	−0.018%	$155.5M	$223.5M	50x	as long as short
Phoenix NVDA	+0.0212%	1h	226.76	−0.044%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.48	+0.273%	$73K	$135	30x	as long as short
Arcus NVDA-USD	+0.0225%	1h	226.76	−0.044%	$392K	$740K	20x	as long as short
BloFin NVDA-USDT	+0.0289%	8h	226.80	−0.026%	$716K	$202K	20x	as long as short