Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.030%

Price spread now: QFEX against KuCoin−0.018%7-day average −0.046% · 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−$53as in the Price arb table

costs, in and out, $10k−$560.563% of the position

Long on KuCoin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.128%−$13 on $10k

Price spread, last 7 days−0.028%−$3 · spread now −0.018%, 7d avg −0.046%

Together, before fees−0.156%−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.028% dearer against KuCoin than usual: you sell high and buy low (spread −0.018% now, against its 7-day average of −0.046%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NVDAUSDTM	227.84	0.0142	pay 0.0142% / 8h	6h 56m	$1.6M	$735K	20x
Short	QFEX NVDA-USD	227.80	0.0045	get 0.0006% / 1h	56m 29s	$1.5M	$10.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$20.4
Price spread: −0.018% → −0.046%: $2.81
Slippage, 4 orders: −$34.3
Fee KuCoin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$73.89
Costs to cover: 0.563%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; QFEX: live order book, 12 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	1.32 bp	24.9 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 12 min ago	1.54 bp	6.5 bp −$7	6.5 bp −$65	11.6 bp −$1,156	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	227.74	−0.044%	$12.7M	$15.3M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.77	−0.031%	$14.4M	$20.6M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.72	−0.053%	$7.2M	$9.5M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.29	−0.241%	$2K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.82	−0.009%	$198K	$505K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.88	+0.018%	$2.2M	$43K	10x	as long as short
Aster NVDAUSDT	+0.0001%	8h	227.81	−0.012%	$484K	$582K	20x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	227.78	−0.027%	$118K	$55K	10x	as long as short
Variational Omni NVDA	+0.0019%	8h	227.86	+0.007%	$3.5M	$1.9M	—	as long as short
Bitget NVDAUSDT	+0.0029%	8h	227.81	−0.013%	$15.4M	$16.8M	100x	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	227.65	−0.083%	$696K	$704K	10x	as long as short
Hotstuff NVDA-PERP	+0.0040%	1h	227.64	−0.088%	$35K	—	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.66	−0.079%	$400K	$724K	20x	as long as short
QFEX NVDA-USDshort	+0.0045%	1h	227.80	−0.018%	$1.5M	$10.7M	10x
Vest NVDA-USD-PERP	+0.0046%	1h	227.89	+0.022%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.64	−0.088%	$148.0M	$46.1M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.76	−0.035%	$402K	$289K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.65	−0.083%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.59	−0.110%	$1.5M	$2.1M	15x	as long as short
Nado NVDA-PERP	+0.0057%	1h	227.69	−0.067%	$484K	$229K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0058%	1h	227.70	−0.061%	$49K	$1.5M	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.167%	$1.3M	$798K	10x	as long as short
Binance NVDAUSDT	+0.0086%	8h	227.77	−0.031%	$156.4M	$216.9M	50x	as long as short
Lighter RH NVDA	+0.0088%	1h	227.93	+0.040%	$5.1M	$7.0M	20x	as long as short
Lighter NVDA	+0.0096%	1h	227.80	−0.017%	$2.2M	$3.2M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	227.67	−0.075%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.72	−0.053%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.78	−0.026%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.76	−0.036%	—	—	10x	as long as short
Phoenix NVDA	+0.0106%	1h	227.74	−0.044%	$94K	$112K	20x	as long as short
KuCoin NVDAUSDTMlong	+0.0142%	8h	227.84	long leg	$1.6M	$735K	20x
GRVT NVDA_USDT_Perp	+0.0169%	8h	227.88	+0.018%	$20K	$392K	10x	as long as short
BloFin NVDA-USDT	+0.0207%	8h	227.81	−0.013%	$718K	$205K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.15	+0.136%	$73K	$134	30x	as long as short
edgeX NVDAUSDC	+0.0417%	4h	227.87	+0.014%	$170K	$1.9M	20x	as long as short