Funding you earn now, next payment 12:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.05 per $10,000 · paid last 24h +0.035%
Price spread now: Arcus against Nado−0.042%7-day average −0.018% · 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−$360.363% of the position
Funding, last 4 days (all we have)+0.140%+$14 on $10k
+Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.042%, 7d avg −0.018%
=Together, before fees+0.175%+ Points / potential airdropNado: Active · farm board+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. Arcus is 0.024% cheaper against Nado than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of −0.018%). If the spread goes back, that is −$2 on $10k: about 46 hours of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.140% in total) that is about 15 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado AAPL-PERP | 339.36 | −0.0002 | get 0.0000% / 1h | 50m 20s | $555K | $28K | 20x |
| Short | Arcus AAPL-USD | 339.22 | 0.0040 | get 0.0005% / 1h | 50m 20s | $267K | $48K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $8.84
- Price spread: −0.042% → −0.018%
- −$2.41
- Slippage, 4 orders
- −$24.83
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$29.9
- Costs to cover
- 0.363%
- Break-even
- 30.7 days
Slippage from Nado: live order book, 56 min ago; Arcus: 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 Nado live order book, 56 min ago | 0.59 bp | 11.2 bp −$11 | 33.4 bp −$334 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 56 min ago | 2.80 bp | 6.3 bp −$6 | 6.5 bp −$65 | 16.8 bp −$1,682 | doesn't fit |
AAPL on 33 exchanges
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 | −0.0068% | 4h | 339.36 | −0.001% | $81K | $326K | 20x | as long as short |
| Nado AAPL-PERPlong | −0.0002% | 1h | 339.36 | long leg | $555K | $28K | 20x | |
| Aster AAPLUSDT | 0.0000% | 8h | 339.39 | +0.007% | $120K | $295K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.30 | −0.017% | $285K | $2.1M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.43 | +0.020% | $22.1M | $67.0M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.31 | −0.016% | $6.6M | $284.4M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.34 | −0.007% | $6.3M | $6.7M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.22 | −0.042% | $3.0M | $7.3M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.34 | −0.007% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.43 | +0.018% | $2.5M | $1.3M | — | as long as short |
Show all 33 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.48 | +0.034% | $12K | $339K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.44 | +0.023% | $726 | $4.1M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 339.35 | −0.004% | $28K | $69K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.57 | +0.061% | $62K | $241K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.52 | +0.046% | $2.1M | $7K | 10x | as long as short |
| BloFin AAPL-USDT | +0.0022% | 8h | 339.47 | +0.032% | $352K | $165K | 20x | as long as short |
| QFEX AAPL-USD | +0.0023% | 1h | 339.36 | −0.001% | $3.3M | $4.2M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.39 | +0.007% | $924K | $2.4M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.39 | +0.008% | $1.0M | $3.0M | 20x | as long as short |
| Arcus AAPL-USDshort | +0.0040% | 1h | 339.22 | −0.042% | $267K | $48K | 20x | |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.28 | −0.024% | — | $45K | 25x | as long as short |
| Hotstuff AAPL-PERP | +0.0048% | 1h | 339.35 | −0.004% | $36K | — | 20x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 339.33 | −0.010% | $40.5M | $76.7M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.36 | −0.001% | $279K | $347K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.36 | −0.001% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.30 | −0.018% | $1.3M | $2.2M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.30 | −0.018% | $1.4M | $210K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.26 | −0.030% | $948K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.24 | −0.036% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.23 | −0.039% | $11K | $102 | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0128% | 1h | 339.38 | +0.005% | $659K | $629K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.66 | +0.088% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0283% | 1h | 339.46 | +0.029% | $5K | $12K | 20x | as long as short |
edgeX AAPLUSDC
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
BloFin AAPL-USDT
Lighter AAPL
Lighter RH AAPL
tradeXYZ xyz:AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Coinbase International AAPL-PERP-INTX
Injective AAPL/USDC PERP
Phoenix AAPL