Funding you earn now, next payment 09:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h +0.006%
Price spread now: Phemex against Nado+0.045%7-day average +0.046% · 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−$118as in the Price arb table
costs, in and out, $10k−$1171.174% of the position
Funding, last 4 days (all we have)+0.056%+$6 on $10k
+Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.045%, 7d avg +0.046%
=Together, before fees−0.026%+ Points / potential airdropNado: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.046%, so right now this pair is about funding alone: +$1 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 | 339.93 | −0.0022 | get 0.0003% / 1h | 31m 39s | $556K | $36K | 20x |
| Short | Phemex AAPLUSDT | 340.08 | 0 | get 0.0000% / 4h | 3h 31m | $2.1M | $7K | 10x |
Nado AAPL-PERP
Phemex AAPLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $4.58
- Price spread: +0.045% → +0.046%
- −$0.13
- Slippage, 4 orders
- −$98.42
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$112.97
- Costs to cover
- 1.174%
- Break-even
- 179.8 days
Slippage from Nado: live order book, 1 min ago; Phemex: live order book, 2 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, 1 min ago | 0.59 bp | 11.2 bp −$11 | 34.4 bp −$344 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 1.62 bp | 48.1 bp −$48 | 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 | −0.0816% | 4h | 340.08 | +0.044% | $81K | $327K | 20x | as long as short |
| BloFin AAPL-USDT | −0.0029% | 8h | 340.05 | +0.036% | $345K | $166K | 20x | as long as short |
| Nado AAPL-PERPlong | −0.0022% | 1h | 339.93 | long leg | $556K | $36K | 20x | |
| Aster AAPLUSDT | 0.0000% | 8h | 340.00 | +0.021% | $121K | $294K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.93 | +0.001% | $286K | $2.1M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 340.02 | +0.028% | $22.2M | $67.3M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 340.05 | +0.036% | $7.7M | $194.9M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.98 | +0.015% | $6.3M | $7.0M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.84 | −0.026% | $3.0M | $5.8M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 340.04 | +0.033% | $6.2M | $3.5M | 100x | as long as short |
edgeX AAPLUSDC
BloFin AAPL-USDT
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AAPL | 0.0000% | 8h | 340.15 | +0.067% | $2.5M | $1.2M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 340.17 | +0.071% | $22K | $363K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 340.02 | +0.027% | $826 | $4.3M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 339.92 | −0.002% | $28K | $70K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 340.18 | +0.074% | $62K | $245K | 30x | as long as short |
| Phemex AAPLUSDTshort | 0.0000% | 4h | 340.08 | +0.045% | $2.1M | $7K | 10x | |
| QFEX AAPL-USD | +0.0010% | 1h | 339.88 | −0.014% | $3.2M | $4.2M | 10x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0024% | 1h | 340.14 | +0.062% | $662K | $660K | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 340.00 | +0.021% | $932K | $2.6M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.98 | +0.015% | $972K | $3.3M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.90 | −0.008% | $267K | $60K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.88 | −0.014% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 339.88 | −0.014% | $40.4M | $76.6M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.84 | −0.026% | $279K | $350K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.91 | −0.005% | $76K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.86 | −0.020% | $1.3M | $2.3M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.94 | +0.003% | $1.4M | $80K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.98 | +0.015% | $950K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.96 | +0.009% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.96 | +0.010% | $11K | $102 | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0160% | 1h | 339.88 | −0.014% | $36K | — | 20x | as long as short |
| Phoenix AAPL | +0.0212% | 1h | 340.16 | +0.068% | $5K | $12K | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 340.80 | +0.256% | $192K | $44K | 30x | as long as short |
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
QFEX AAPL-USD
Coinbase International AAPL-PERP-INTX
Lighter AAPL
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
tradeXYZ xyz:AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Hotstuff AAPL-PERP
Phoenix AAPL
Injective AAPL/USDC PERP