Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0081%/8h= +8.9% APRpaid last 24h −0.008%

Price spread now: Nado against Bybit−0.104%7-day average −0.017% · 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−$45as in the Price arb table

costs, in and out, $10k−$360.364% of the position

Long on Bybit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.052%−$5 on $10k

Price spread, last 3 days (all we have)+0.111%+$11 · spread now −0.104%, 7d avg −0.017%

Together, before fees+0.060%+ Points / potential airdropNado: Active · farm board+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.088% cheaper against Bybit than usual: you would sell low and buy high (spread −0.104% now, against its 7-day average of −0.017%). If the spread goes back, that is −$9 on $10k: about 3.6 days of funding at the current rate (+$2 a day). Mind the row above: over the last 3 days funding on this pair cost −0.052%, 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	Bybit AAPLUSDT	339.10	0	get 0.0000% / 8h	2h 11m	$6.2M	$24.9M	100x
Short	Nado AAPL-PERP	338.75	0.0081	get 0.0010% / 1h	11m 24s	$556K	$35K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bybit. 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 BybitbpFee NadobpOrdersPrice spread, now −0.104%Rate

Funding earned: $17.05
Price spread: −0.104% → −0.017%: −$8.77
Slippage, 4 orders: −$18.41
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$28.12
Costs to cover: 0.364%
Break-even: 18.5 days

Slippage from Bybit: live order book, 7 min ago; Nado: live order book, 12 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 Bybit live order book, 7 min ago	0.15 bp	6.4 bp −$6	11.9 bp −$119	doesn't fit	doesn't fit
Sell Nado live order book, 12 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	−0.0472%	4h	338.96	−0.042%	$81K	$327K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.04	−0.018%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.02	−0.022%	$284K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.07	−0.009%	$22.3M	$67.3M	25x	as long as short
Bybit AAPLUSDTlong	0.0000%	8h	339.10	long leg	$6.2M	$24.9M	100x
OKX AAPL-USDT-SWAP	0.0000%	8h	338.94	−0.047%	$6.6M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.83	−0.080%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.08	−0.006%	$6.2M	$3.3M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.01	−0.025%	$2.5M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.99	−0.032%	$14K	$510K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX AAPL-USDT	0.0000%	8h	339.02	−0.024%	$865	$4.8M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.81	−0.086%	$28K	$65K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.15	+0.015%	$53K	$223K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.02	−0.024%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0026%	8h	339.04	−0.018%	$354K	$165K	20x	as long as short
Lighter AAPL	+0.0032%	1h	338.90	−0.059%	$761K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.95	−0.044%	$973K	$3.8M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.68	−0.124%	—	$43K	25x	as long as short
QFEX AAPL-USD	+0.0049%	1h	338.90	−0.059%	$3.2M	$5.0M	10x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.74	−0.106%	$271K	$384K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.99	−0.032%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.72	−0.112%	$1.4M	$2.3M	20x	as long as short
Nado AAPL-PERPshort	+0.0081%	1h	338.75	−0.104%	$556K	$35K	20x
KuCoin AAPLUSDTM	+0.0100%	8h	338.78	−0.094%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.68	−0.124%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.86	−0.071%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.94	−0.046%	$11K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0120%	1h	338.96	−0.041%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0144%	1h	339.00	−0.029%	$661K	$675K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0214%	1h	339.00	−0.029%	$41.0M	$77.1M	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.70	−0.118%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0283%	1h	339.07	−0.009%	$2K	$12K	20x	as long as short
Arcus AAPL-USD	+0.0310%	1h	338.98	−0.035%	$270K	$69K	20x	as long as short