Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h +0.008%

Price spread now: Aster against Nado−0.001%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−$60as in the Price arb table

costs, in and out, $10k−$570.568% of the position

Long on Nado Short on Aster

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)+0.015%+$2 · spread now −0.001%, 7d avg +0.032%

Together, before fees+0.067%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.034% cheaper against Nado than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.032%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.052%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AAPL-PERP	338.79	0.0074	pay 0.0009% / 1h	29m 19s	$556K	$34K	20x
Short	Aster AAPLUSDT	338.79	0	get 0.0000% / 8h	2h 29m	$122K	$291K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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

Position, each leg$Hold fordaysFee NadobpFee AsterbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$15.44
Price spread: −0.001% → +0.032%: −$3.36
Slippage, 4 orders: −$41.77
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$75.57
Costs to cover: 0.568%
Break-even: never at this rate

Slippage from Nado: live order book, 58 min ago; Aster: live order book, 57 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, 58 min ago	0.44 bp	12.4 bp −$12	123.0 bp −$1,230	doesn't fit	doesn't fit
Sell Aster live order book, 57 min ago	2.21 bp	13.3 bp −$13	196.0 bp −$1,960	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	−0.0202%	4h	338.98	+0.054%	$81K	$327K	20x	as long as short
Aster AAPLUSDTshort	0.0000%	8h	338.79	−0.001%	$122K	$291K	20x
Extended AAPL_24_5-USD	0.0000%	1h	338.95	+0.046%	$284K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.00	+0.062%	$22.1M	$66.7M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.07	+0.082%	$6.3M	$24.9M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.01	+0.064%	$6.6M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.89	+0.029%	$3.0M	$4.1M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.07	+0.082%	$6.2M	$3.3M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	338.99	+0.057%	$2.2M	$1.1M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.00	+0.061%	$14K	$522K	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	339.00	+0.061%	$671	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.06	+0.079%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.04	+0.073%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0017%	8h	338.98	+0.055%	$354K	$165K	20x	as long as short
Lighter AAPL	+0.0032%	1h	338.93	+0.040%	$755K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.98	+0.055%	$978K	$3.8M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0045%	1h	338.95	+0.046%	$28K	$65K	10x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.74	−0.016%	—	$43K	25x	as long as short
QFEX AAPL-USD	+0.0049%	1h	338.96	+0.049%	$3.2M	$4.9M	10x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.71	−0.025%	$271K	$383K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.98	+0.055%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.76	−0.010%	$1.3M	$2.2M	20x	as long as short
Nado AAPL-PERPlong	+0.0074%	1h	338.79	long leg	$556K	$34K	20x
KuCoin AAPLUSDTM	+0.0094%	8h	338.80	+0.002%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.77	−0.007%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.93	+0.040%	$4K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0104%	1h	338.97	+0.052%	$36K	—	20x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.97	+0.052%	$11K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0144%	1h	338.96	+0.049%	$658K	$671K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0202%	1h	339.00	+0.061%	$40.7M	$76.7M	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.41	+0.182%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0283%	1h	339.06	+0.079%	$2K	$12K	20x	as long as short
Arcus AAPL-USD	+0.0310%	1h	338.94	+0.043%	$270K	$69K	20x	as long as short