Funding arb · Price arb /

NVDA

RWAall NVDA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h +0.013%

Price spread now: KuCoin against Pacifica+0.029%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

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

costs, in and out, $10k−$560.560% of the position

Long on Pacifica Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.146%+$15 on $10k

Price spread, last 3 days (all we have)−0.014%−$1 · spread now +0.029%, 7d avg +0.051%

Together, before fees+0.132%+ Points / potential airdropPacifica: Active · farm board+$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.022% cheaper against Pacifica than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NVDA	227.10	0.0100	pay 0.0013% / 1h	4m 08s	$298K	$52K	10x
Short	KuCoin NVDAUSDTM	227.17	0.0100	get 0.0100% / 8h	4h 04m	$1.6M	$724K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Pacifica. 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 PacificabpFee KuCoinbpOrdersPrice spread, now +0.029%Rate

Funding earned: $0
Price spread: +0.029% → +0.051%: −$2.22
Slippage, 4 orders: −$35.97
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$58.18
Costs to cover: 0.560%
Break-even: never at this rate

Slippage from Pacifica: live order book, 28 min ago; KuCoin: live order book, 6 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 Pacifica live order book, 28 min ago	1.54 bp	5.6 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	1.32 bp	17.5 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
Bybit NVDAUSDT	0.0000%	8h	227.31	+0.091%	$12.9M	$15.2M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.36	+0.113%	$14.4M	$20.8M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.12	+0.007%	$7.2M	$9.0M	100x	as long as short
GRVT NVDA_USDT_Perp	0.0000%	8h	227.42	+0.139%	$20K	$482K	10x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.91	−0.086%	$2K	$4.0M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.58	+0.210%	$197K	$435K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.32	+0.095%	$2.2M	$42K	10x	as long as short
Variational Omni NVDA	+0.0002%	8h	227.45	+0.154%	$3.3M	$2.1M	—	as long as short
Aster NVDAUSDT	+0.0018%	8h	227.18	+0.035%	$509K	$494K	20x	as long as short
Extended NVDA_24_5-USD	+0.0032%	1h	227.12	+0.005%	$529K	$342K	10x	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	227.16	+0.025%	$412K	$653K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.33	+0.099%	—	$73K	25x	as long as short
QFEX NVDA-USD	+0.0050%	1h	227.12	+0.007%	$1.5M	$11.1M	10x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.09	−0.006%	$147.3M	$48.6M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.11	+0.003%	$396K	$220K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.14	+0.016%	$58K	$20K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.96	−0.063%	$1.6M	$2.0M	15x	as long as short
Hotstuff NVDA-PERP	+0.0072%	1h	227.05	−0.024%	$35K	—	20x	as long as short
Binance NVDAUSDT	+0.0074%	8h	227.35	+0.108%	$156.4M	$211.9M	50x	as long as short
Aevo NVDA-PERP	+0.0096%	1h	227.22	+0.050%	—	—	10x	as long as short
Pacifica NVDAlong	+0.0100%	1h	227.10	long leg	$298K	$52K	10x
KuCoin NVDAUSDTMshort	+0.0100%	8h	227.17	+0.029%	$1.6M	$724K	20x
ApeX Omni NVDAUSDT	+0.0100%	1h	227.32	+0.095%	$16K	$43K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.22	+0.051%	$36K	$22K	20x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0102%	1h	227.24	+0.060%	$49K	$1.4M	10x	as long as short
Lighter RH NVDA	+0.0104%	1h	227.52	+0.183%	$4.8M	$6.9M	20x	as long as short
Nado NVDA-PERP	+0.0106%	1h	227.02	−0.037%	$478K	$216K	20x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0120%	1h	227.23	+0.055%	$1.3M	$837K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0157%	1h	227.27	+0.074%	$118K	$54K	10x	as long as short
Lighter NVDA	+0.0168%	1h	227.42	+0.138%	$2.0M	$3.2M	20x	as long as short
Bitget NVDAUSDT	+0.0173%	8h	227.28	+0.077%	$15.7M	$17.8M	100x	as long as short
BloFin NVDA-USDT	+0.0194%	8h	227.30	+0.086%	$724K	$200K	20x	as long as short
Phoenix NVDA	+0.0211%	1h	227.37	+0.117%	$93K	$112K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	227.88	+0.342%	$73K	$128	30x	as long as short
edgeX NVDAUSDC	+0.0485%	4h	227.45	+0.151%	$165K	$1.8M	20x	as long as short