Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0024%/8h= +2.7% APRpaid last 24h −0.005%

Price spread now: Nado against OKX−0.019%59s7-day average +0.002% · 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−$360.360% of the position

Long on OKX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.056%−$6 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.019%, 7d avg +0.002%

Together, before fees−0.034%+ Points / potential airdropNado: Active · farm board−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.021% cheaper against OKX than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.002%). If the spread goes back, that is −$2 on $10k: about 2.9 days of funding at the current rate (+$1 a day). Mind the row above: over the last 4 days funding on this pair cost −0.056%, so the current rate has only just turned in your favour. The two prices were read 59 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	OKX AAPL-USDT-SWAP	339.56	0	get 0.0000% / 8h	5h 08m	$6.3M	$6.7M	25x
Short	Nado AAPL-PERP	339.49	0.0024	get 0.0003% / 1h	8m 29s	$556K	$28K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against OKX. 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 OKXbpFee NadobpOrdersPrice spread, now −0.019%Rate

Funding earned: $5.09
Price spread: −0.019% → +0.002%: −$2.09
Slippage, 4 orders: −$19.02
Fee OKX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$33.02
Costs to cover: 0.360%
Break-even: 52.4 days

Slippage from OKX: live order book, 2 min ago; Nado: live order book, 38 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 OKX live order book, 2 min ago	0.15 bp	7.3 bp −$7	12.2 bp −$122	doesn't fit	doesn't fit
Sell Nado live order book, 38 min ago	0.59 bp	11.5 bp −$11	32.5 bp −$325	doesn't fit	doesn't fit

AAPL on 33 exchanges

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
Hotstuff AAPL-PERP	−0.1600%	1h	339.44	−0.035%	$36K	—	20x	as long as short
edgeX AAPLUSDC	−0.0654%	4h	339.52	−0.012%	$81K	$326K	20x	as long as short
BloFin AAPL-USDT	−0.0011%	8h	339.55	−0.003%	$349K	$165K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.54	−0.006%	$121K	$295K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.53	−0.009%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.63	+0.022%	$22.2M	$66.8M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.50	−0.018%	$6.6M	$283.3M	100x	as long as short
OKX AAPL-USDT-SWAPlong	0.0000%	8h	339.56	long leg	$6.3M	$6.7M	25x
Gate AAPL_USDT	0.0000%	8h	339.44	−0.035%	$3.0M	$7.3M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.65	+0.027%	$6.2M	$3.5M	100x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.58	+0.007%	$2.5M	$1.3M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.62	+0.018%	$12K	$339K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.60	+0.012%	$666	$4.1M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.47	−0.027%	$28K	$69K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.73	+0.050%	$62K	$241K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.74	+0.053%	$2.1M	$7K	10x	as long as short
Nado AAPL-PERPshort	+0.0024%	1h	339.49	−0.019%	$556K	$28K	20x
QFEX AAPL-USD	+0.0026%	1h	339.55	−0.003%	$3.3M	$4.2M	10x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.56	0.000%	$1.0M	$3.2M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.39	−0.050%	$267K	$48K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.43	−0.038%	—	$45K	25x	as long as short
Lighter AAPL	+0.0048%	1h	339.56	+0.001%	$925K	$2.5M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.49	−0.021%	$279K	$347K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.49	−0.021%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.36	−0.059%	$1.3M	$2.2M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0074%	1h	339.49	−0.021%	$40.5M	$76.7M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0080%	1h	339.77	+0.062%	$660K	$623K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.40	−0.047%	$1.4M	$190K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.51	−0.015%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.42	−0.041%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.44	−0.037%	$11K	$102	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.91	+0.103%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0235%	1h	339.63	+0.021%	$5K	$12K	20x	as long as short