Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0121%/8h= −13.2% APRpaid last 24h −0.008%

Price spread now: Nado against SunX−0.032%7-day average −0.029% · 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−$125as in the Price arb table

costs, in and out, $10k−$1251.248% of the position

Long on SunX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.051%−$5 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.032%, 7d avg −0.029%

Together, before fees+0.003%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAPL-USDT	338.83	0	get 0.0000% / 8h	3h 52m	$708	$4.6M	20x
Short	Nado AAPL-PERP	338.72	−0.0121	pay 0.0015% / 1h	52m 05s	$554K	$38K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against SunX. 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 SunXbpFee NadobpOrdersPrice spread, now −0.032%Rate

Funding earned: −$25.41
Price spread: −0.032% → −0.029%: −$0.3
Slippage, 4 orders: −$109.76
Fee SunX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$150.46
Costs to cover: 1.248%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; Nado: live order book, 1 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 SunX live order book, 6 min ago	44.71 bp	49.2 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 1 min ago	0.15 bp	13.2 bp −$13	46.1 bp −$461	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	−0.0911%	4h	338.79	−0.012%	$81K	$326K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	−0.0222%	1h	338.50	−0.097%	$28K	$67K	10x	as long as short
Nado AAPL-PERPshort	−0.0121%	1h	338.72	−0.032%	$554K	$38K	20x
Aster AAPLUSDT	0.0000%	8h	338.74	−0.027%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	338.72	−0.031%	$284K	$2.0M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	338.82	−0.002%	$21.9M	$67.0M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	338.79	−0.012%	$7.2M	$55.4M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	338.87	+0.012%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.60	−0.068%	$3.0M	$4.3M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	338.94	+0.032%	$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	338.83	+0.001%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	338.81	−0.006%	$16K	$411K	10x	as long as short
SunX AAPL-USDTlong	0.0000%	8h	338.83	long leg	$708	$4.6M	20x
HTX AAPL-USDT	0.0000%	8h	338.92	+0.027%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	338.97	+0.041%	$2.1M	$7K	10x	as long as short
BloFin AAPL-USDT	+0.0013%	8h	338.86	+0.009%	$341K	$168K	20x	as long as short
QFEX AAPL-USD	+0.0030%	1h	338.80	−0.009%	$3.2M	$4.5M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.69	−0.040%	$782K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.69	−0.041%	$944K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	338.72	−0.032%	$266K	$65K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.66	−0.050%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	338.68	−0.044%	$40.5M	$76.0M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.68	−0.044%	$278K	$405K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.70	−0.038%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.65	−0.053%	$1.3M	$2.5M	20x	as long as short
Hotstuff AAPL-PERP	+0.0080%	1h	338.69	−0.041%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	338.78	−0.015%	$659K	$652K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.57	−0.077%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.69	−0.041%	$946K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.71	−0.035%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.70	−0.039%	$10K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.66	−0.050%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	338.80	−0.009%	$5K	$11K	20x	as long as short