Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h +0.002%

Price spread now: Lighter against KuCoin−0.023%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

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

costs, in and out, $10k−$510.505% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 7 days+0.004%$0 · spread now −0.023%, 7d avg −0.029%

Together, before fees−0.028%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NVDAUSDTM	227.28	0.0107	pay 0.0107% / 8h	3h 40m	$1.6M	$727K	20x
Short	Lighter NVDA	227.23	0.0064	get 0.0008% / 1h	40m 29s	$2.1M	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$9.03
Price spread: −0.023% → −0.029%: $0.53
Slippage, 4 orders: −$38.54
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$59.05
Costs to cover: 0.505%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Lighter: 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 KuCoin live order book, 5 min ago	0.66 bp	24.4 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	0.35 bp	0.4 bp $0	1.0 bp −$10	7.9 bp −$787	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	227.25	−0.013%	$12.6M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.26	−0.009%	$14.3M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.24	−0.018%	$7.2M	$9.7M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.31	+0.013%	$15.4M	$16.3M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.44	+0.069%	$20K	$392K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.90	−0.167%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.52	+0.106%	$198K	$464K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.42	+0.062%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0011%	1h	227.24	−0.017%	$118K	$53K	10x	as long as short
Hotstuff NVDA-PERP	+0.0016%	1h	227.12	−0.070%	$35K	—	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0018%	8h	227.25	−0.015%	$483K	$590K	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.28	0.000%	$399K	$741K	20x	as long as short
QFEX NVDA-USD	+0.0041%	1h	227.24	−0.018%	$1.3M	$9.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.35	+0.031%	—	$74K	25x	as long as short
Variational Omni NVDA	+0.0047%	8h	227.28	−0.002%	$3.6M	$2.2M	—	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.09	−0.084%	$147.6M	$43.5M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.22	−0.026%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.16	−0.053%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.15	−0.057%	$1.6M	$2.0M	15x	as long as short
Lighter NVDAshort	+0.0064%	1h	227.23	−0.023%	$2.1M	$3.3M	20x
Nado NVDA-PERP	+0.0065%	1h	227.13	−0.064%	$483K	$227K	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.16	−0.054%	$298K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.25	−0.013%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.24	−0.018%	$36K	$21K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.19	−0.040%	$49K	$1.7M	10x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.28	−0.002%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0104%	8h	227.27	−0.002%	$155.9M	$215.9M	50x	as long as short
KuCoin NVDAUSDTMlong	+0.0107%	8h	227.28	long leg	$1.6M	$727K	20x
Coinbase International NVDA-PERP-INTX	+0.0128%	1h	227.53	+0.110%	$1.3M	$775K	10x	as long as short
Phoenix NVDA	+0.0141%	1h	227.27	−0.004%	$93K	$112K	20x	as long as short
Lighter RH NVDA	+0.0152%	1h	227.38	+0.044%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.83	+0.242%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0224%	8h	227.31	+0.013%	$719K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0232%	1h	227.06	−0.099%	$673K	$779K	10x	as long as short
edgeX NVDAUSDC	+0.0920%	4h	227.36	+0.036%	$170K	$1.9M	20x	as long as short