Settings8H · net · $10k
Funding arb · Price arb /

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0059%/8h= −6.5% APRnext payment $0.07 per $10,000 · paid last 24h −0.037%
Price spread now: Nado against Arcus−0.023%52s7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$420.420% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.139%−$14 on $10k
Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.023%, 7d avg +0.018%
Together, before fees−0.069%+ Points / potential airdropNado: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Nado is 0.041% cheaper against Arcus than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.018%). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus AAPL-USD339.950.0040pay 0.0005% / 1h45m 39s$267K$59K20x
ShortNado AAPL-PERP339.87−0.0019pay 0.0002% / 1h45m 39s$556K$36K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Arcus. 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

Funding earned
−$12.44
Price spread: −0.023% → +0.018%
−$4.12
Slippage, 4 orders
−$30.54
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$58.6
Costs to cover
0.420%
Break-even
never at this rate
Slippage from Arcus: live order book, 53 min ago; Nado: live order book, 52 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Arcus live order book, 53 min ago0.74 bp11.6 bp −$1216.8 bp −$168doesn't fitdoesn't fit
Sell Nado live order book, 52 min ago0.59 bp11.0 bp −$1143.6 bp −$436doesn't fitdoesn't fit

AAPL on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX AAPLUSDC−0.0921%4h339.95+0.001%$81K$327K20xas long as short
Nado AAPL-PERPshort−0.0019%1h339.87−0.023%$556K$36K20x
Hotstuff AAPL-PERP−0.0008%1h340.04+0.026%$36K20xas long as short
Aster AAPLUSDT0.0000%8h339.90−0.015%$121K$294K20xas long as short
Extended AAPL_24_5-USD0.0000%1h339.96+0.004%$285K$2.1M10xas long as short
Binance AAPLUSDT0.0000%8h340.05+0.029%$22.2M$67.2M25xas long as short
OKX AAPL-USDT-SWAP0.0000%8h340.05+0.029%$6.3M$6.9M25xas long as short
Gate AAPL_USDT0.0000%8h339.91−0.012%$3.0M$5.6M100xas long as short
Bitget AAPLUSDT0.0000%8h340.07+0.035%$6.2M$3.5M100xas long as short
Variational Omni AAPL0.0000%8h340.07+0.037%$2.5M$1.2Mas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT AAPL_USDT_Perp0.0000%8h340.04+0.026%$13K$349K10xas long as short
SunX AAPL-USDT0.0000%8h340.10+0.044%$463$4.4M20xas long as short
Deribit AAPL_USDC-PERPETUAL0.0000%1h339.89−0.018%$28K$69K10xas long as short
HTX AAPL-USDT0.0000%8h340.18+0.068%$62K$244K30xas long as short
Phemex AAPLUSDT0.0000%4h340.07+0.035%$2.1M$7K10xas long as short
QFEX AAPL-USD+0.0010%1h340.03+0.024%$3.2M$4.2M10xas long as short
BloFin AAPL-USDT+0.0022%8h340.13+0.053%$344K$166K20xas long as short
Coinbase International AAPL-PERP-INTX+0.0024%1h339.92−0.009%$663K$656K10xas long as short
Lighter AAPL+0.0032%1h339.98+0.010%$932K$2.6M20xas long as short
Lighter RH AAPL+0.0032%1h339.96+0.003%$957K$3.2M20xas long as short
Arcus AAPL-USDlong+0.0040%1h339.95long leg$267K$59K20x
Vest AAPL-USD-PERP+0.0046%1h339.86−0.026%$45K25xas long as short
Polymarket Perps AAPL-USD+0.0050%1h339.85−0.029%$279K$375K10xas long as short
SoDEX AAPL-USD+0.0050%1h340.01+0.018%$76K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h339.82−0.038%$1.3M$2.4M20xas long as short
Bybit AAPLUSDT+0.0066%8h340.11+0.047%$6.2M$180.4M100xas long as short
KuCoin AAPLUSDTM+0.0100%8h339.92−0.009%$1.4M$66K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h339.86−0.026%$949K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h339.94−0.003%$4K10xas long as short
tradeXYZ xyz:AAPL+0.0102%1h339.97+0.006%$40.3M$76.6M20xas long as short
Aevo AAPL-PERP+0.0104%1h339.93−0.006%$11K$10210xas long as short
Phoenix AAPL+0.0212%1h340.13+0.053%$5K$12K20xas long as short
Injective AAPL/USDC PERP+0.0220%1h340.55+0.176%$192K$44K30xas long as short