Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0086%/8h= +9.5% APRpaid last 24h −0.005%

Price spread now: Nado against Variational Omni−0.081%7-day average −0.036% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni 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 3 days (all we have)−0.029%−$3 · spread now −0.081%, 7d avg −0.036%

Together, before fees−0.080%+ Points / potential airdropVariational Omni: Active · Nado: Active · farm board−$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.045% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.081% now, against its 7-day average of −0.036%). If the spread goes back, that is −$4 on $10k: about 42 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 3 days funding on this pair cost −0.051%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AAPL	339.13	0	get 0.0000% / 8h	1h 30m	$2.4M	$1.4M	—
Short	Nado AAPL-PERP	338.86	0.0086	get 0.0011% / 1h	30m 08s	$556K	$34K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Variational Omni. 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 Variational OmnibpFee NadobpOrdersPrice spread, now −0.081%Rate

Funding earned: $18.14
Price spread: −0.081% → −0.036%: −$4.48
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $6.66
Costs to cover: 0.070%
Break-even: 4.4 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Nado: live order book, 53 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 4 min ago	2.04 bp	doesn't fit	6.7 bp −$67	doesn't fit	doesn't fit
Sell Nado live order book, 53 min ago	0.15 bp	11.0 bp −$11	29.1 bp −$291	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	−0.0081%	4h	339.08	−0.015%	$81K	$327K	20x	as long as short
BloFin AAPL-USDT	−0.0005%	8h	339.12	−0.004%	$351K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.12	−0.005%	$122K	$291K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.08	−0.017%	$285K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.15	+0.004%	$22.4M	$67.3M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.18	+0.013%	$6.1M	$39.9M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.05	−0.025%	$6.6M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.90	−0.069%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.14	+0.001%	$6.2M	$3.4M	100x	as long as short
Variational Omni AAPLlong	0.0000%	8h	339.13	long leg	$2.4M	$1.4M	—

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAPL_USDT_Perp	0.0000%	8h	339.12	−0.003%	$14K	$498K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.13	−0.001%	$604	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.23	+0.028%	$53K	$222K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.15	+0.004%	$2.1M	$7K	10x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.05	−0.025%	$968K	$3.8M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0045%	1h	338.93	−0.060%	$28K	$65K	10x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.78	−0.105%	—	$53K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.90	−0.069%	$265K	$395K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.03	−0.031%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.75	−0.114%	$1.5M	$2.4M	20x	as long as short
Lighter AAPL	+0.0056%	1h	339.03	−0.032%	$769K	$2.5M	20x	as long as short
QFEX AAPL-USD	+0.0059%	1h	339.05	−0.025%	$3.2M	$5.1M	10x	as long as short
Hotstuff AAPL-PERP	+0.0072%	1h	339.02	−0.034%	$36K	—	20x	as long as short
Nado AAPL-PERPshort	+0.0086%	1h	338.86	−0.081%	$556K	$34K	20x
KuCoin AAPLUSDTM	+0.0100%	8h	338.85	−0.084%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.75	−0.114%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.00	−0.040%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.04	−0.029%	$11K	—	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0184%	1h	338.93	−0.060%	$659K	$675K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0185%	1h	339.03	−0.031%	$40.9M	$76.8M	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.55	+0.122%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0354%	1h	339.18	+0.013%	$2K	$11K	20x	as long as short
Arcus AAPL-USD	+0.0364%	1h	339.01	−0.037%	$270K	$70K	20x	as long as short