Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0058%/8h= −6.3% APRpaid last 24h −0.026%

Price spread now: tradeXYZ against KuCoin−0.079%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$580.585% of the position

Long on KuCoin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.180%−$18 on $10k

Price spread, last 7 days+0.011%+$1 · spread now −0.079%, 7d avg −0.084%

Together, before fees−0.168%+ Points / potential airdroptradeXYZ: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.084%, so right now this pair is about funding alone: −$2 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	227.77	0.0149	pay 0.0149% / 8h	4h 59m	$1.6M	$727K	20x
Short	tradeXYZ xyz:NVDA	227.59	0.0091	get 0.0011% / 1h	59m 19s	$147.9M	$43.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$12.11
Price spread: −0.079% → −0.084%: $0.52
Slippage, 4 orders: −$28.46
Fee KuCoin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$70.06
Costs to cover: 0.585%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; tradeXYZ: live order book, 11 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, 2 min ago	1.76 bp	21.3 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 11 min ago	0.22 bp	9.9 bp −$10	11.4 bp −$114	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
Hotstuff NVDA-PERP	−0.0072%	1h	227.60	−0.075%	$35K	—	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.74	−0.013%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.74	−0.013%	$14.4M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.67	−0.044%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.77	0.000%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.32	−0.198%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.76	−0.004%	$198K	$474K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.82	+0.022%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0016%	1h	227.68	−0.039%	$118K	$54K	10x	as long as short
Aster NVDAUSDT	+0.0033%	8h	227.78	+0.004%	$484K	$590K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NVDA-USD	+0.0040%	1h	227.67	−0.044%	$406K	$744K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0041%	8h	227.77	0.000%	$20K	$386K	10x	as long as short
QFEX NVDA-USD	+0.0044%	1h	227.74	−0.013%	$1.4M	$9.4M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.76	−0.004%	—	$74K	25x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.58	−0.083%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.52	−0.110%	$1.6M	$2.0M	15x	as long as short
Variational Omni NVDA	+0.0060%	8h	227.76	−0.005%	$3.6M	$2.1M	—	as long as short
tradeXYZ xyz:NVDAshort	+0.0091%	1h	227.59	−0.079%	$147.9M	$43.8M	20x
Pacifica NVDA	+0.0100%	1h	227.58	−0.083%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.56	−0.092%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.72	−0.022%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0104%	1h	227.53	−0.105%	$1.3M	$775K	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.60	−0.075%	$94K	$112K	20x	as long as short
Aevo NVDA-PERP	+0.0112%	1h	227.75	−0.010%	—	—	10x	as long as short
Binance NVDAUSDT	+0.0118%	8h	227.77	0.000%	$156.7M	$215.9M	50x	as long as short
Polymarket Perps NVDA-USD	+0.0131%	1h	227.71	−0.026%	$402K	$276K	10x	as long as short
edgeX NVDAUSDC	+0.0148%	4h	227.76	−0.006%	$171K	$1.9M	20x	as long as short
KuCoin NVDAUSDTMlong	+0.0149%	8h	227.77	long leg	$1.6M	$727K	20x
Lighter NVDA	+0.0168%	1h	227.72	−0.024%	$2.1M	$3.3M	20x	as long as short
Lighter RH NVDA	+0.0216%	1h	227.86	+0.040%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.02	+0.110%	$73K	$134	30x	as long as short
Nado NVDA-PERP	+0.0222%	1h	227.56	−0.091%	$484K	$228K	20x	as long as short
BloFin NVDA-USDT	+0.0233%	8h	227.81	+0.018%	$723K	$202K	20x	as long as short
Extended NVDA_24_5-USD	+0.0464%	1h	227.45	−0.138%	$686K	$733K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0497%	1h	227.67	−0.044%	$49K	$1.6M	10x	as long as short