Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h +0.008%

Price spread now: Gate against Nado−0.012%7-day average −0.026% · 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−$49as in the Price arb table

costs, in and out, $10k−$510.506% of the position

Long on Nado Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.045%+$5 on $10k

Price spread, last 3 days (all we have)−0.018%−$2 · spread now −0.012%, 7d avg −0.026%

Together, before fees+0.028%+ Points / potential airdropNado: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.026%, 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	338.89	0.0096	pay 0.0012% / 1h	59m 37s	$557K	$36K	20x
Short	Gate AAPL_USDT	338.85	0	get 0.0000% / 8h	7h 59m	$3.0M	$4.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.012%Rate

Funding earned: −$20.13
Price spread: −0.012% → −0.026%: $1.41
Slippage, 4 orders: −$28.59
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$69.3
Costs to cover: 0.506%
Break-even: never at this rate

Slippage from Nado: live order book, 13 min ago; Gate: 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, 13 min ago	0.15 bp	13.0 bp −$13	29.2 bp −$292	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	1.18 bp	12.4 bp −$12	32.1 bp −$321	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	−0.0997%	4h	338.99	+0.029%	$81K	$327K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.99	+0.029%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.08	+0.056%	$6.0M	$39.1M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.98	+0.026%	$6.5M	$6.7M	25x	as long as short
Gate AAPL_USDTshort	0.0000%	8h	338.85	−0.012%	$3.0M	$4.2M	100x
SunX AAPL-USDT	0.0000%	8h	339.08	+0.056%	$566	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.21	+0.094%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.11	+0.065%	$2.1M	$6K	10x	as long as short
GRVT AAPL_USDT_Perp	+0.0025%	8h	339.05	+0.047%	$13K	$490K	10x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.89	0.000%	$957K	$3.6M	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AAPL-USD-PERP	+0.0046%	1h	338.78	−0.033%	—	$53K	25x	as long as short
Lighter AAPL	+0.0048%	1h	338.85	−0.012%	$771K	$2.3M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.92	+0.009%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.98	+0.026%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.60	−0.086%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0064%	1h	339.05	+0.047%	$3.2M	$5.1M	10x	as long as short
Hotstuff AAPL-PERP	+0.0088%	1h	338.98	+0.026%	$36K	—	20x	as long as short
Bitget AAPLUSDT	+0.0090%	8h	338.92	+0.009%	$6.2M	$3.4M	100x	as long as short
Nado AAPL-PERPlong	+0.0096%	1h	338.89	long leg	$557K	$36K	20x
KuCoin AAPLUSDTM	+0.0100%	8h	338.83	−0.018%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.82	−0.021%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.93	+0.012%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.02	+0.039%	$11K	—	10x	as long as short
Variational Omni AAPL	+0.0106%	8h	339.00	+0.034%	$2.4M	$1.4M	—	as long as short
tradeXYZ xyz:AAPL	+0.0107%	1h	338.92	+0.009%	$40.8M	$76.2M	20x	as long as short
Binance AAPLUSDT	+0.0128%	8h	338.97	+0.023%	$22.4M	$67.1M	25x	as long as short
Extended AAPL_24_5-USD	+0.0128%	1h	339.00	+0.033%	$285K	$1.5M	10x	as long as short
BloFin AAPL-USDT	+0.0129%	8h	339.06	+0.050%	$347K	$170K	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0192%	1h	339.03	+0.041%	$660K	$676K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.80	−0.027%	$191K	$44K	30x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0311%	1h	339.05	+0.047%	$28K	$66K	10x	as long as short
Phoenix AAPL	+0.0330%	1h	339.13	+0.071%	$5K	$8K	20x	as long as short
Arcus AAPL-USD	+0.0397%	1h	338.92	+0.009%	$269K	$70K	20x	as long as short