Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0090%/8h= +9.8% APRpaid last 24h +0.021%

Price spread now: Binance against Nado+0.040%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on Nado Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.064%+$6 on $10k

Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.040%, 7d avg +0.025%

Together, before fees−0.016%+ Points / potential airdropNado: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AAPL-PERP	339.08	−0.0090	get 0.0011% / 1h	53m 50s	$555K	$38K	20x
Short	Binance AAPLUSDT	339.22	0	get 0.0000% / 8h	2h 53m	$21.9M	$67.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.040%Rate

Funding earned: $18.81
Price spread: +0.040% → +0.025%: $1.56
Slippage, 4 orders: −$20.32
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$16.95
Costs to cover: 0.373%
Break-even: 13.3 days

Slippage from Nado: live order book, 59 min ago; Binance: live order book, 4 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, 59 min ago	0.15 bp	13.2 bp −$13	67.9 bp −$679	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.15 bp	5.4 bp −$5	7.8 bp −$78	26.0 bp −$2,603	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	−0.0504%	4h	339.22	+0.042%	$81K	$326K	20x	as long as short
Nado AAPL-PERPlong	−0.0090%	1h	339.08	long leg	$555K	$38K	20x
BloFin AAPL-USDT	−0.0029%	8h	339.26	+0.053%	$342K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.08	−0.001%	$121K	$295K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.11	+0.009%	$278K	$1.8M	10x	as long as short
Binance AAPLUSDTshort	0.0000%	8h	339.22	+0.040%	$21.9M	$67.1M	25x
Bybit AAPLUSDT	0.0000%	8h	339.16	+0.024%	$7.0M	$81.3M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.15	+0.021%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.00	−0.024%	$3.0M	$4.5M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.32	+0.071%	$6.2M	$3.5M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.29	+0.061%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.30	+0.064%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.19	+0.032%	$577	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.07	−0.003%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.32	+0.071%	$52K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.26	+0.053%	$2.1M	$7K	10x	as long as short
Hotstuff AAPL-PERP	+0.0016%	1h	339.03	−0.015%	$36K	—	20x	as long as short
QFEX AAPL-USD	+0.0020%	1h	339.10	+0.006%	$3.2M	$4.4M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.02	−0.017%	$826K	$2.5M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.04	−0.012%	$940K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.06	−0.006%	$266K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.02	−0.018%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	339.08	0.000%	$662K	$657K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.08	0.000%	$40.5M	$76.2M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.07	−0.003%	$277K	$408K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.05	−0.009%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.05	−0.009%	$1.3M	$2.5M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.11	+0.009%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.12	+0.012%	$947K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.07	−0.003%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.04	−0.011%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.05	−0.009%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	339.29	+0.062%	$5K	$11K	20x	as long as short