Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0087%/8h= +9.5% APRpaid last 24h −0.005%

Price spread now: Nado against Binance−0.079%7-day average −0.039% · 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−$39as in the Price arb table

costs, in and out, $10k−$350.348% of the position

Long on Binance Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.051%−$5 on $10k

Price spread, last 2 days (all we have)+0.020%+$2 · spread now −0.079%, 7d avg −0.039%

Together, before fees−0.030%+ Points / potential airdropNado: Active · farm board−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.040% cheaper against Binance than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of −0.039%). If the spread goes back, that is −$4 on $10k: about 37 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 3 days funding on this pair cost −0.051%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAPLUSDT	339.13	0	get 0.0000% / 8h	1h 27m	$22.4M	$67.4M	25x
Short	Nado AAPL-PERP	338.86	0.0087	get 0.0011% / 1h	27m 23s	$556K	$34K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Binance. 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 BinancebpFee NadobpOrdersPrice spread, now −0.079%Rate

Funding earned: $18.18
Price spread: −0.079% → −0.039%: −$4
Slippage, 4 orders: −$17.78
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$20.6
Costs to cover: 0.348%
Break-even: 14.9 days

Slippage from Binance: live order book, 15 min ago; Nado: live order book, 56 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 Binance live order book, 15 min ago	0.15 bp	5.3 bp −$5	8.3 bp −$83	29.0 bp −$2,903	doesn't fit
Sell Nado live order book, 56 min ago	0.15 bp	11.0 bp −$11	29.1 bp −$291	doesn't fit	doesn't fit

AAPL on 33 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
edgeX AAPLUSDC	−0.0400%	4h	339.11	−0.007%	$81K	$325K	20x	as long as short
BloFin AAPL-USDT	−0.0005%	8h	339.14	+0.003%	$351K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.11	−0.005%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.07	−0.018%	$285K	$1.5M	10x	as long as short
Binance AAPLUSDTlong	0.0000%	8h	339.13	long leg	$22.4M	$67.4M	25x
Bybit AAPLUSDT	0.0000%	8h	339.18	+0.015%	$6.1M	$39.9M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.04	−0.026%	$6.6M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.89	−0.070%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.13	0.000%	$6.2M	$3.4M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.13	+0.002%	$2.4M	$1.4M	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAPL_USDT_Perp	0.0000%	8h	339.12	−0.004%	$14K	$498K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.10	−0.008%	$871	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.23	+0.030%	$53K	$222K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.15	+0.006%	$2.1M	$7K	10x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.05	−0.023%	$968K	$3.8M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.76	−0.109%	—	$53K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.89	−0.070%	$265K	$395K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.03	−0.029%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.75	−0.112%	$1.5M	$2.4M	20x	as long as short
Lighter AAPL	+0.0056%	1h	339.04	−0.028%	$769K	$2.5M	20x	as long as short
QFEX AAPL-USD	+0.0059%	1h	339.05	−0.023%	$3.2M	$5.1M	10x	as long as short
Hotstuff AAPL-PERP	+0.0072%	1h	339.03	−0.029%	$36K	—	20x	as long as short
Nado AAPL-PERPshort	+0.0087%	1h	338.86	−0.079%	$556K	$34K	20x
KuCoin AAPLUSDTM	+0.0100%	8h	338.84	−0.085%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.77	−0.106%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.99	−0.041%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.05	−0.025%	$11K	—	10x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0134%	1h	338.96	−0.050%	$28K	$65K	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	339.03	−0.029%	$660K	$677K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0185%	1h	339.03	−0.029%	$40.9M	$76.8M	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.55	+0.124%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0354%	1h	339.16	+0.009%	$2K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0364%	1h	339.02	−0.032%	$270K	$70K	20x	as long as short