Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0356%/8h= +39.0% APRpaid last 24h +0.205%

Price spread now: Nado against edgeX−0.045%62s7-day average −0.017% · 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−$380.384% of the position

Long on edgeX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.435%+$43 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.045%, 7d avg −0.017%

Together, before fees+0.393%+ Points / potential airdropedgeX: Active · Nado: Active · farm board+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.028% cheaper against edgeX than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of −0.017%). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$11 a day). The two prices were read 62 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	edgeX AAPLUSDC	339.16	−0.0436	get 0.0218% / 4h	1h 51m	$81K	$326K	20x
Short	Nado AAPL-PERP	339.01	−0.0079	pay 0.0010% / 1h	51m 50s	$555K	$38K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against edgeX. 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 edgeXbpFee NadobpOrdersPrice spread, now −0.045%Rate

Funding earned: $74.77
Price spread: −0.045% → −0.017%: −$2.79
Slippage, 4 orders: −$22.44
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $33.55
Costs to cover: 0.384%
Break-even: 3.9 days

Slippage from edgeX: live order book, 11 min ago; Nado: live order book, 11 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 edgeX live order book, 11 min ago	5.31 bp	10.2 bp −$10	17.0 bp −$170	doesn't fit	doesn't fit
Sell Nado live order book, 11 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 AAPLUSDClong	−0.0436%	4h	339.16	long leg	$81K	$326K	20x
Nado AAPL-PERPshort	−0.0079%	1h	339.01	−0.045%	$555K	$38K	20x
Aster AAPLUSDT	0.0000%	8h	339.05	−0.033%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.13	−0.008%	$6.0M	$39.1M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.12	−0.011%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.88	−0.082%	$3.0M	$4.2M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.16	0.000%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.21	+0.017%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.21	+0.014%	$17K	$433K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.13	−0.008%	$627	$4.7M	20x	as long as short

Show 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	−0.073%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.27	+0.033%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.17	+0.003%	$2.1M	$6K	10x	as long as short
Binance AAPLUSDT	+0.0006%	8h	339.14	−0.005%	$22.3M	$67.0M	25x	as long as short
Extended AAPL_24_5-USD	+0.0008%	1h	339.05	−0.033%	$288K	$2.0M	10x	as long as short
QFEX AAPL-USD	+0.0013%	1h	339.05	−0.032%	$3.3M	$4.9M	10x	as long as short
Lighter AAPL	+0.0032%	1h	338.97	−0.056%	$755K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.02	−0.041%	$949K	$3.5M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.03	−0.038%	$270K	$70K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.95	−0.062%	—	$45K	25x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0048%	1h	338.98	−0.053%	$656K	$664K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.05	−0.032%	$40.7M	$75.8M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.85	−0.091%	$262K	$371K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.02	−0.041%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.87	−0.085%	$1.3M	$2.5M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.06	−0.029%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.08	−0.023%	$947K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.01	−0.044%	$4K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0104%	1h	339.04	−0.035%	$36K	—	20x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.01	−0.044%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	338.95	−0.062%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0259%	1h	339.13	−0.008%	$5K	$11K	20x	as long as short