Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0060%/8h= −6.5% APRpaid last 24h −0.021%

Price spread now: Nado against Binance−0.038%7-day average −0.025% · 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−$42as in the Price arb table

costs, in and out, $10k−$410.409% of the position

Long on Binance Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.066%−$7 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.038%, 7d avg −0.025%

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 −0.025%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAPLUSDT	339.65	0	get 0.0000% / 8h	1h 26m	$22.1M	$67.7M	25x
Short	Nado AAPL-PERP	339.52	−0.0060	pay 0.0007% / 1h	26m 18s	$555K	$38K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Binance. 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 BinancebpFee NadobpOrdersPrice spread, now −0.038%Rate

Funding earned: −$12.51
Price spread: −0.038% → −0.025%: −$1.35
Slippage, 4 orders: −$23.9
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$54.76
Costs to cover: 0.409%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; Nado: live order book, 17 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 Binance live order book, 16 min ago	0.15 bp	5.2 bp −$5	8.1 bp −$81	29.0 bp −$2,895	doesn't fit
Sell Nado live order book, 17 min ago	1.03 bp	15.4 bp −$15	48.1 bp −$481	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	−0.0775%	4h	339.66	+0.002%	$81K	$325K	20x	as long as short
Nado AAPL-PERPshort	−0.0060%	1h	339.52	−0.038%	$555K	$38K	20x
Hotstuff AAPL-PERP	−0.0032%	1h	339.56	−0.028%	$36K	—	20x	as long as short
BloFin AAPL-USDT	−0.0010%	8h	339.67	+0.005%	$342K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.60	−0.017%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.56	−0.026%	$285K	$1.8M	10x	as long as short
Binance AAPLUSDTlong	0.0000%	8h	339.65	long leg	$22.1M	$67.7M	25x
Bybit AAPLUSDT	0.0000%	8h	339.67	+0.005%	$7.0M	$116.8M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.67	+0.005%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.43	−0.066%	$3.0M	$5.1M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	0.0000%	8h	339.75	+0.028%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.70	+0.015%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.72	+0.021%	$16K	$402K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.64	−0.004%	$822	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.53	−0.036%	$28K	$68K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.72	+0.020%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.78	+0.037%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0023%	1h	339.64	−0.004%	$3.3M	$4.3M	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.66	+0.002%	$663K	$662K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.58	−0.023%	$908K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.59	−0.019%	$944K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.56	−0.028%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.51	−0.042%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.62	−0.010%	$40.6M	$76.5M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.62	−0.010%	$279K	$417K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.60	−0.016%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.37	−0.083%	$1.3M	$2.4M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.32	−0.098%	$1.4M	$39K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.56	−0.028%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.52	−0.039%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.54	−0.034%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	339.80	+0.043%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.51	−0.042%	$191K	$44K	30x	as long as short