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

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
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 − costsunder 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
What this pair did over the last
the charts below follow
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado AAPL-PERP339.36−0.0002get 0.0000% / 1h50m 20s$555K$28K20x
ShortArcus AAPL-USD339.220.0040get 0.0005% / 1h50m 20s$267K$48K20x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 56 min ago0.59 bp11.2 bp −$1133.4 bp −$334doesn't fitdoesn't fit
Sell Arcus live order book, 56 min ago2.80 bp6.3 bp −$66.5 bp −$6516.8 bp −$1,682doesn't fit

AAPL on 33 exchanges

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−0.0068%4h339.36−0.001%$81K$326K20xas long as short
Nado AAPL-PERPlong−0.0002%1h339.36long leg$555K$28K20x
Aster AAPLUSDT0.0000%8h339.39+0.007%$120K$295K20xas long as short
Extended AAPL_24_5-USD0.0000%1h339.30−0.017%$285K$2.1M10xas long as short
Binance AAPLUSDT0.0000%8h339.43+0.020%$22.1M$67.0M25xas long as short
Bybit AAPLUSDT0.0000%8h339.31−0.016%$6.6M$284.4M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h339.34−0.007%$6.3M$6.7M25xas long as short
Gate AAPL_USDT0.0000%8h339.22−0.042%$3.0M$7.3M100xas long as short
Bitget AAPLUSDT0.0000%8h339.34−0.007%$6.2M$3.5M100xas long as short
Variational Omni AAPL0.0000%8h339.43+0.018%$2.5M$1.3Mas long as short
Show all 33 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT AAPL_USDT_Perp0.0000%8h339.48+0.034%$12K$339K10xas long as short
SunX AAPL-USDT0.0000%8h339.44+0.023%$726$4.1M20xas long as short
Deribit AAPL_USDC-PERPETUAL0.0000%1h339.35−0.004%$28K$69K10xas long as short
HTX AAPL-USDT0.0000%8h339.57+0.061%$62K$241K30xas long as short
Phemex AAPLUSDT0.0000%4h339.52+0.046%$2.1M$7K10xas long as short
BloFin AAPL-USDT+0.0022%8h339.47+0.032%$352K$165K20xas long as short
QFEX AAPL-USD+0.0023%1h339.36−0.001%$3.3M$4.2M10xas long as short
Lighter AAPL+0.0032%1h339.39+0.007%$924K$2.4M20xas long as short
Lighter RH AAPL+0.0032%1h339.39+0.008%$1.0M$3.0M20xas long as short
Arcus AAPL-USDshort+0.0040%1h339.22−0.042%$267K$48K20x
Vest AAPL-USD-PERP+0.0046%1h339.28−0.024%$45K25xas long as short
Hotstuff AAPL-PERP+0.0048%1h339.35−0.004%$36K20xas long as short
tradeXYZ xyz:AAPL+0.0050%1h339.33−0.010%$40.5M$76.7M20xas long as short
Polymarket Perps AAPL-USD+0.0050%1h339.36−0.001%$279K$347K10xas long as short
SoDEX AAPL-USD+0.0050%1h339.36−0.001%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h339.30−0.018%$1.3M$2.2M20xas long as short
KuCoin AAPLUSDTM+0.0100%8h339.30−0.018%$1.4M$210K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h339.26−0.030%$948K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h339.24−0.036%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h339.23−0.039%$11K$10210xas long as short
Coinbase International AAPL-PERP-INTX+0.0128%1h339.38+0.005%$659K$629K10xas long as short
Injective AAPL/USDC PERP+0.0220%1h339.66+0.088%$191K$44K30xas long as short
Phoenix AAPL+0.0283%1h339.46+0.029%$5K$12K20xas long as short