Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0160%/8h= +17.5% APRpaid last 24h −0.015%

Price spread now: KuCoin against Nado−0.059%51s7-day average −0.035% · 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—prices read too far apart to compare

costs, in and out, $10k−$1911.913% of the position

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.059%, 7d avg −0.035%

Together, before fees+0.026%+ Points / potential airdropNado: Active · farm board+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.024% cheaper against Nado than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of −0.035%). If the spread goes back, that is −$2 on $10k: about 12 hours of funding at the current rate (+$5 a day). At the pace of the last 3 days (+0.003% in total) that is about 27 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AAPL-PERP	339.58	−0.0060	get 0.0007% / 1h	28m 34s	$555K	$38K	20x
Short	KuCoin AAPLUSDTM	339.38	0.0100	get 0.0100% / 8h	1h 28m	$1.4M	$39K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.059%Rate

Funding earned: $33.51
Price spread: −0.059% → −0.035%: −$2.45
Slippage, 4 orders: −$172.27
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$160.21
Costs to cover: 1.913%
Break-even: 40.5 days

Slippage from Nado: live order book, 14 min ago; KuCoin: live order book, 7 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, 14 min ago	1.03 bp	14.9 bp −$15	71.7 bp −$717	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	6.18 bp	86.7 bp −$87	doesn't fit	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	−0.0408%	4h	339.65	+0.019%	$81K	$328K	20x	as long as short
Nado AAPL-PERPlong	−0.0060%	1h	339.58	long leg	$555K	$38K	20x
BloFin AAPL-USDT	−0.0018%	8h	339.72	+0.041%	$342K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.60	+0.004%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.61	+0.008%	$285K	$1.8M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.68	+0.028%	$22.1M	$67.7M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.70	+0.035%	$5.9M	$113.9M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.70	+0.035%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.46	−0.036%	$3.0M	$5.1M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.75	+0.050%	$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	339.70	+0.036%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.72	+0.042%	$16K	$402K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.71	+0.038%	$690	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.61	+0.008%	$28K	$68K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.79	+0.061%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.77	+0.056%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0023%	1h	339.67	+0.026%	$3.3M	$4.3M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.66	+0.023%	$663K	$662K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.61	+0.008%	$907K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.61	+0.008%	$944K	$3.6M	20x	as long as short
Hotstuff AAPL-PERP	+0.0032%	1h	339.64	+0.017%	$36K	—	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.58	0.000%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.53	−0.015%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.59	+0.003%	$40.6M	$76.5M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.65	+0.020%	$279K	$417K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.63	+0.014%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.46	−0.036%	$1.3M	$2.4M	20x	as long as short
KuCoin AAPLUSDTMshort	+0.0100%	8h	339.38	−0.059%	$1.4M	$39K	20x
ApeX Omni AAPLUSDT	+0.0100%	1h	339.57	−0.003%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.60	+0.005%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.59	+0.003%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.80	+0.064%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.51	−0.021%	$191K	$44K	30x	as long as short