Funding you earn now, next payment 03:00 UTC−0.0129%/8h= −14.2% APRnext payment −$0.16 per $10,000 · paid last 24h −0.014%
Price spread now: Nado against tradeXYZ+0.003%7-day average +0.061% · 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−$44as in the Price arb table
costs, in and out, $10k−$380.380% of the position
Funding, last 3 days (all we have)−0.082%−$8 on $10k
+Price spread, last 4 days (all we have)+0.114%+$11 · spread now +0.003%, 7d avg +0.061%
=Together, before fees+0.032%+ Points / potential airdroptradeXYZ: Active · Nado: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Nado is 0.057% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.061%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:AAPL | 339.04 | 0.0050 | pay 0.0006% / 1h | 51m 34s | $40.7M | $75.8M | 20x |
| Short | Nado AAPL-PERP | 339.05 | −0.0079 | pay 0.0010% / 1h | 51m 34s | $555K | $38K | 20x |
tradeXYZ xyz:AAPL
Nado AAPL-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against tradeXYZ. 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
- −$27.15
- Price spread: +0.003% → +0.061%
- −$5.72
- Slippage, 4 orders
- −$12.97
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$70.84
- Costs to cover
- 0.380%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 8 min ago; Nado: live order book, 12 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 tradeXYZ live order book, 8 min ago | 0.44 bp | 9.7 bp −$10 | 12.0 bp −$120 | doesn't fit | doesn't fit |
| Sell Nado live order book, 12 min ago | 0.15 bp | 4.6 bp −$5 | 36.5 bp −$365 | doesn't fit | doesn't fit |
AAPL on 32 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 | −0.0552% | 4h | 339.08 | +0.011% | $81K | $326K | 20x | as long as short |
| Nado AAPL-PERPshort | −0.0079% | 1h | 339.05 | +0.003% | $555K | $38K | 20x | |
| Aster AAPLUSDT | 0.0000% | 8h | 339.06 | +0.005% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.14 | +0.029% | $6.0M | $39.1M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.12 | +0.024% | $6.3M | $6.8M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.88 | −0.047% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.16 | +0.035% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.21 | +0.052% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.17 | +0.038% | $17K | $433K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.13 | +0.027% | $627 | $4.7M | 20x | as long as short |
edgeX AAPLUSDC
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 338.91 | −0.038% | $28K | $67K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.27 | +0.068% | $53K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.17 | +0.038% | $2.1M | $6K | 10x | as long as short |
| Binance AAPLUSDT | +0.0006% | 8h | 339.14 | +0.029% | $22.3M | $67.0M | 25x | as long as short |
| Extended AAPL_24_5-USD | +0.0008% | 1h | 339.05 | +0.003% | $288K | $2.0M | 10x | as long as short |
| QFEX AAPL-USD | +0.0013% | 1h | 339.05 | +0.003% | $3.3M | $4.9M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.98 | −0.018% | $754K | $2.4M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.02 | −0.006% | $949K | $3.5M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.02 | −0.006% | $270K | $70K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.95 | −0.027% | — | $45K | 25x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0048% | 1h | 338.98 | −0.018% | $656K | $664K | 10x | as long as short |
| tradeXYZ xyz:AAPLlong | +0.0050% | 1h | 339.04 | long leg | $40.7M | $75.8M | 20x | |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.84 | −0.059% | $262K | $371K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.02 | −0.006% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.87 | −0.050% | $1.3M | $2.5M | 20x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 339.07 | +0.009% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.97 | −0.021% | $947K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.01 | −0.009% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.01 | −0.009% | $11K | — | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0128% | 1h | 339.04 | 0.000% | $36K | — | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.95 | −0.027% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0259% | 1h | 339.13 | +0.027% | $5K | $11K | 20x | as long as short |
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
Binance AAPLUSDT
Extended AAPL_24_5-USD
QFEX AAPL-USD
Lighter AAPL
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
Coinbase International AAPL-PERP-INTX
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
Injective AAPL/USDC PERP
Phoenix AAPL