Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h 0.000%

Price spread now: KuCoin against Lighter−0.004%7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$410.415% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 7 days+0.012%+$1 · spread now −0.004%, 7d avg +0.029%

Together, before fees+0.039%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.033% cheaper against Lighter than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.029%). If the spread goes back, that is −$3 on $10k: about 10.0 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NVDA	227.78	0.0120	pay 0.0015% / 1h	34m 18s	$2.2M	$3.2M	20x
Short	KuCoin NVDAUSDTM	227.77	0.0131	get 0.0131% / 8h	6h 34m	$1.6M	$737K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Lighter. 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 LighterbpFee KuCoinbpOrdersPrice spread, now −0.004%Rate

Funding earned: $2.31
Price spread: −0.004% → +0.029%: −$3.29
Slippage, 4 orders: −$29.5
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$42.48
Costs to cover: 0.415%
Break-even: 135.7 days

Slippage from Lighter: live order book, 3 min ago; KuCoin: 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 Lighter live order book, 3 min ago	0.33 bp	0.5 bp −$1	1.5 bp −$15	17.9 bp −$1,795	doesn't fit
Sell KuCoin live order book, 7 min ago	0.66 bp	17.7 bp −$18	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
Hotstuff NVDA-PERP	−0.0016%	1h	227.64	−0.061%	$35K	—	20x	as long as short
Aster NVDAUSDT	0.0000%	8h	227.79	+0.002%	$484K	$581K	20x	as long as short
Bybit NVDAUSDT	0.0000%	8h	227.77	−0.004%	$12.7M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.76	−0.009%	$14.4M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.70	−0.035%	$7.2M	$9.5M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.79	+0.004%	$15.4M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.29	−0.215%	$3K	$3.8M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.75	−0.013%	$198K	$498K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.80	+0.009%	$2.2M	$43K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0012%	1h	227.57	−0.093%	$118K	$54K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NVDA	+0.0015%	8h	227.74	−0.018%	$3.5M	$1.9M	—	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.59	−0.083%	$691K	$710K	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0037%	8h	227.71	−0.030%	$20K	$386K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.62	−0.070%	$400K	$723K	20x	as long as short
QFEX NVDA-USD	+0.0045%	1h	227.76	−0.009%	$1.5M	$10.1M	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.87	+0.040%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.63	−0.066%	$148.1M	$44.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.73	−0.022%	$402K	$280K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.64	−0.061%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.56	−0.097%	$1.5M	$2.0M	15x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0072%	1h	227.46	−0.140%	$1.3M	$788K	10x	as long as short
Nado NVDA-PERP	+0.0073%	1h	227.64	−0.060%	$484K	$230K	20x	as long as short
Binance NVDAUSDT	+0.0081%	8h	227.80	+0.009%	$156.3M	$216.2M	50x	as long as short
Pacifica NVDA	+0.0100%	1h	227.62	−0.071%	$299K	$60K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.58	−0.088%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.74	−0.018%	$36K	$22K	20x	as long as short
Aevo NVDA-PERP	+0.0104%	1h	227.76	−0.011%	—	—	10x	as long as short
Phoenix NVDA	+0.0105%	1h	227.62	−0.070%	$94K	$112K	20x	as long as short
Lighter NVDAlong	+0.0120%	1h	227.78	long leg	$2.2M	$3.2M	20x
Lighter RH NVDA	+0.0128%	1h	227.89	+0.048%	$5.1M	$7.0M	20x	as long as short
KuCoin NVDAUSDTMshort	+0.0131%	8h	227.77	−0.004%	$1.6M	$737K	20x
Deribit NVDA_USDC-PERPETUAL	+0.0189%	1h	227.70	−0.035%	$49K	$1.5M	10x	as long as short
BloFin NVDA-USDT	+0.0203%	8h	227.78	0.000%	$723K	$204K	20x	as long as short
edgeX NVDAUSDC	+0.0212%	4h	227.66	−0.052%	$170K	$1.9M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.97	+0.083%	$73K	$137	30x	as long as short