Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0121%/8h= −13.2% APRpaid last 24h −0.044%

Price spread now: Phemex against KuCoin+0.009%7-day average +0.020% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.327%−$33 on $10k

Price spread, last 3 days (all we have)−0.057%−$6 · spread now +0.009%, 7d avg +0.020%

Together, before fees−0.385%−$38 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: −$4 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	227.76	0.0121	pay 0.0121% / 8h	7h 46m	$1.6M	$742K	20x
Short	Phemex NVDAUSDT	227.78	0	get 0.0000% / 4h	3h 46m	$2.2M	$42K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$25.41
Price spread: +0.009% → +0.020%: −$1.14
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$50.55
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 10 min ago; Phemex: live order book, 2 min ago. Net counts fees only.

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, 10 min ago	1.54 bp	55.6 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	1.54 bp	doesn't fit	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
Aster NVDAUSDT	0.0000%	8h	227.60	−0.069%	$483K	$586K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.72	−0.018%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.66	−0.044%	$14.4M	$20.7M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.65	−0.048%	$7.2M	$9.6M	100x	as long as short
Variational Omni NVDA	0.0000%	8h	227.71	−0.022%	$3.6M	$1.9M	—	as long as short
SunX NVDA-USDT	0.0000%	8h	227.28	−0.211%	$2K	$3.9M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.48	−0.123%	$197K	$515K	30x	as long as short
Phemex NVDAUSDTshort	0.0000%	4h	227.78	+0.009%	$2.2M	$42K	10x
Aftermath Perps NVDAUSD	+0.0015%	1h	227.68	−0.036%	$118K	$56K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0027%	8h	227.75	−0.003%	$20K	$396K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NVDA_24_5-USD	+0.0032%	1h	227.58	−0.079%	$535K	$447K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.61	−0.066%	$400K	$724K	20x	as long as short
Binance NVDAUSDT	+0.0041%	8h	227.73	−0.013%	$156.5M	$217.8M	50x	as long as short
QFEX NVDA-USD	+0.0042%	1h	227.69	−0.031%	$1.6M	$11.3M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.84	+0.035%	—	$74K	25x	as long as short
edgeX NVDAUSDC	+0.0046%	4h	227.80	+0.017%	$171K	$1.9M	20x	as long as short
Bitget NVDAUSDT	+0.0046%	8h	227.74	−0.009%	$15.5M	$17.0M	100x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.55	−0.092%	$148.0M	$46.9M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.64	−0.053%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.56	−0.088%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.61	−0.066%	$1.6M	$2.0M	15x	as long as short
Nado NVDA-PERP	+0.0066%	1h	227.63	−0.057%	$484K	$229K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0080%	1h	227.46	−0.132%	$1.3M	$804K	10x	as long as short
Aevo NVDA-PERP	+0.0088%	1h	227.69	−0.030%	—	—	10x	as long as short
Pacifica NVDA	+0.0100%	1h	227.59	−0.075%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.58	−0.079%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.66	−0.044%	$36K	$22K	20x	as long as short
Phoenix NVDA	+0.0106%	1h	227.64	−0.053%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTMlong	+0.0121%	8h	227.76	long leg	$1.6M	$742K	20x
Hotstuff NVDA-PERP	+0.0128%	1h	227.65	−0.048%	$35K	—	20x	as long as short
Lighter NVDA	+0.0136%	1h	227.74	−0.010%	$2.2M	$3.2M	20x	as long as short
Lighter RH NVDA	+0.0136%	1h	227.86	+0.044%	$5.1M	$7.1M	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0145%	1h	227.67	−0.040%	$49K	$1.4M	10x	as long as short
BloFin NVDA-USDT	+0.0160%	8h	227.84	+0.035%	$716K	$207K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.89	+0.057%	$73K	$135	30x	as long as short