Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0061%/8h= −6.7% APRpaid last 24h −0.198%

Price spread now: edgeX against Nado+0.042%7-day average +0.018% · 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−$41as in the Price arb table

costs, in and out, $10k−$430.435% of the position

Long on Nado Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.549%−$55 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.042%, 7d avg +0.018%

Together, before fees−0.515%+ Points / potential airdropNado: Active · edgeX: Active · farm board−$52 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.024% dearer against Nado than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of +0.018%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 4 days (−0.549% in total) that is about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AAPL-PERP	339.76	−0.0051	get 0.0006% / 1h	54m 38s	$556K	$35K	20x
Short	edgeX AAPLUSDC	339.90	−0.0111	pay 0.0056% / 4h	2h 54m	$81K	$325K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$12.77
Price spread: +0.042% → +0.018%: $2.38
Slippage, 4 orders: −$27.48
Fee Nado: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$53.87
Costs to cover: 0.435%
Break-even: never at this rate

Slippage from Nado: live order book, 38 min ago; edgeX: live order book, 39 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, 38 min ago	0.59 bp	11.2 bp −$11	34.4 bp −$344	doesn't fit	doesn't fit
Sell edgeX live order book, 39 min ago	2.65 bp	12.9 bp −$13	21.0 bp −$210	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 AAPLUSDCshort	−0.0111%	4h	339.90	+0.042%	$81K	$325K	20x
Nado AAPL-PERPlong	−0.0051%	1h	339.76	long leg	$556K	$35K	20x
BloFin AAPL-USDT	−0.0015%	8h	339.84	+0.025%	$346K	$166K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.87	+0.034%	$121K	$295K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.74	−0.005%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.83	+0.022%	$22.1M	$67.2M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.93	+0.051%	$6.4M	$231.8M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.81	+0.016%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.61	−0.043%	$3.0M	$6.8M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.81	+0.016%	$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	339.85	+0.026%	$2.5M	$1.2M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.99	+0.068%	$22K	$345K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.92	+0.048%	$673	$4.3M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.67	−0.025%	$28K	$70K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.91	+0.045%	$62K	$242K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.90	+0.042%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0031%	1h	339.75	−0.002%	$3.3M	$4.3M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.77	+0.005%	$928K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.78	+0.007%	$986K	$3.1M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.66	−0.028%	—	$45K	25x	as long as short
Hotstuff AAPL-PERP	+0.0048%	1h	339.76	+0.001%	$36K	—	20x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.76	+0.001%	$40.4M	$76.4M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.74	−0.005%	$279K	$350K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.78	+0.007%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.60	−0.046%	$1.3M	$2.2M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0056%	1h	339.97	+0.063%	$661K	$653K	10x	as long as short
Arcus AAPL-USD	+0.0082%	1h	339.72	−0.011%	$267K	$60K	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.70	−0.017%	$1.4M	$106K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.84	+0.025%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.76	+0.001%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.72	−0.010%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.97	+0.063%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.35	+0.175%	$192K	$44K	30x	as long as short