Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h −0.008%

Price spread now: Nado against HTX−0.034%7-day average −0.051% · 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−$47as in the Price arb table

costs, in and out, $10k−$480.483% of the position

Long on HTX 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)+0.030%+$3 · spread now −0.034%, 7d avg −0.051%

Together, before fees−0.021%+ Points / potential airdropNado: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.051%, 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	HTX AAPL-USDT	339.44	0	get 0.0000% / 8h	3h 16m	$53K	$225K	30x
Short	Nado AAPL-PERP	339.33	−0.0082	pay 0.0010% / 1h	16m 01s	$555K	$38K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against HTX. 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 HTXbpFee NadobpOrdersPrice spread, now −0.034%Rate

Funding earned: −$17.3
Price spread: −0.034% → −0.051%: $1.69
Slippage, 4 orders: −$29.34
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$63.95
Costs to cover: 0.483%
Break-even: never at this rate

Slippage from HTX: live order book, 35 min ago; Nado: live order book, 37 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 HTX live order book, 35 min ago	2.80 bp	8.8 bp −$9	10.0 bp −$100	doesn't fit	doesn't fit
Sell Nado live order book, 37 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	−0.0384%	4h	339.22	−0.064%	$81K	$327K	20x	as long as short
Nado AAPL-PERPshort	−0.0082%	1h	339.33	−0.034%	$555K	$38K	20x
BloFin AAPL-USDT	−0.0017%	8h	339.38	−0.018%	$341K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.30	−0.040%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.22	−0.064%	$287K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.32	−0.035%	$21.9M	$67.0M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.29	−0.044%	$5.8M	$70.5M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.35	−0.027%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.04	−0.118%	$3.0M	$4.5M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.37	−0.021%	$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	339.31	−0.037%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.26	−0.054%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.30	−0.041%	$709	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.24	−0.059%	$28K	$67K	10x	as long as short
HTX AAPL-USDTlong	0.0000%	8h	339.44	long leg	$53K	$225K	30x
Phemex AAPLUSDT	0.0000%	4h	339.35	−0.027%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0030%	1h	339.23	−0.062%	$3.2M	$4.5M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.22	−0.065%	$781K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.22	−0.065%	$939K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.12	−0.094%	$266K	$61K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.12	−0.094%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.18	−0.077%	$40.5M	$76.1M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.24	−0.059%	$278K	$408K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.22	−0.065%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.08	−0.106%	$1.3M	$2.5M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	338.78	−0.194%	$661K	$656K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.29	−0.044%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.23	−0.062%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.20	−0.071%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.21	−0.068%	$11K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0112%	1h	339.22	−0.065%	$36K	—	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.02	−0.124%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	339.31	−0.038%	$5K	$11K	20x	as long as short