Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h −0.011%

Price spread now: Nado against GRVT−0.032%7-day average −0.032% · 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−$43as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on GRVT Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.053%−$5 on $10k

Price spread, last 4 days (all we have)−0.057%−$6 · spread now −0.032%, 7d avg −0.032%

Together, before fees−0.110%+ Points / potential airdropGRVT: Active · Nado: Active · farm board−$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT AAPL_USDT_Perp	338.85	0	get 0.0000% / 8h	4h 42m	$17K	$425K	10x
Short	Nado AAPL-PERP	338.74	−0.0009	pay 0.0001% / 1h	42m 49s	$554K	$38K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against GRVT. 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 GRVTbpFee NadobpOrdersPrice spread, now −0.032%Rate

Funding earned: −$1.9
Price spread: −0.032% → −0.032%: $0
Slippage, 4 orders: −$27.11
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$45.01
Costs to cover: 0.431%
Break-even: never at this rate

Slippage from GRVT: live order book, 15 min ago; Nado: live order book, 15 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 GRVT live order book, 15 min ago	1.33 bp	7.7 bp −$8	12.0 bp −$120	doesn't fit	doesn't fit
Sell Nado live order book, 15 min ago	0.15 bp	14.6 bp −$15	102.9 bp −$1,029	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	−0.0542%	4h	338.74	−0.033%	$81K	$328K	20x	as long as short
Nado AAPL-PERPshort	−0.0009%	1h	338.74	−0.032%	$554K	$38K	20x
Aster AAPLUSDT	0.0000%	8h	338.84	−0.002%	$122K	$290K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.82	−0.007%	$286K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.91	+0.018%	$22.2M	$67.0M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.80	−0.014%	$5.9M	$39.6M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.91	+0.018%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.66	−0.055%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.99	+0.042%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	338.86	+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_Perplong	0.0000%	8h	338.85	long leg	$17K	$425K	10x
SunX AAPL-USDT	0.0000%	8h	338.91	+0.018%	$830	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	338.64	−0.061%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	338.98	+0.039%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.92	+0.021%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0017%	8h	338.88	+0.010%	$342K	$168K	20x	as long as short
QFEX AAPL-USD	+0.0031%	1h	338.84	−0.002%	$3.2M	$4.8M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.77	−0.021%	$780K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.82	−0.008%	$947K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.72	−0.038%	$269K	$67K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.65	−0.058%	—	$45K	25x	as long as short
Hotstuff AAPL-PERP	+0.0048%	1h	338.78	−0.020%	$36K	—	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.63	−0.064%	$253K	$395K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.79	−0.017%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.61	−0.070%	$1.3M	$2.5M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0061%	1h	338.78	−0.020%	$40.5M	$75.9M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0080%	1h	338.78	−0.020%	$659K	$664K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.78	−0.020%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.70	−0.044%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.76	−0.026%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.80	−0.015%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.52	−0.097%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0283%	1h	338.93	+0.024%	$5K	$11K	20x	as long as short