Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.018%

Price spread now: BloFin against Nado+0.006%7-day average +0.037% · 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−$39as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on Nado Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.166%+$17 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.006%, 7d avg +0.037%

Together, before fees+0.223%+ Points / potential airdropNado: Active · farm board+$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.031% cheaper against Nado than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.037%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.166%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AAPL-PERP	339.50	−0.0015	get 0.0002% / 1h	43m 32s	$556K	$28K	20x
Short	BloFin AAPL-USDT	339.52	−0.0027	pay 0.0027% / 8h	4h 43m	$353K	$166K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Nado. 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 NadobpFee BloFinbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$2.49
Price spread: +0.006% → +0.037%: −$3.1
Slippage, 4 orders: −$16.57
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$41.16
Costs to cover: 0.356%
Break-even: never at this rate

Slippage from Nado: live order book, 63 min ago; BloFin: live order book, 59 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 Nado live order book, 63 min ago	0.59 bp	11.2 bp −$11	33.4 bp −$334	doesn't fit	doesn't fit
Sell BloFin live order book, 59 min ago	0.15 bp	6.1 bp −$6	7.2 bp −$72	18.6 bp −$1,862	doesn't fit

AAPL on 33 exchanges

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	−0.0759%	4h	339.39	−0.032%	$81K	$329K	20x	as long as short
BloFin AAPL-USDTshort	−0.0027%	8h	339.52	+0.006%	$353K	$166K	20x
Nado AAPL-PERPlong	−0.0015%	1h	339.50	long leg	$556K	$28K	20x
Aster AAPLUSDT	0.0000%	8h	339.49	−0.003%	$121K	$295K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.49	−0.004%	$287K	$2.2M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.58	+0.024%	$22.1M	$67.3M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.53	+0.009%	$6.1M	$286.8M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.61	+0.033%	$6.3M	$6.7M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.36	−0.041%	$3.0M	$7.4M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.67	+0.050%	$6.2M	$3.5M	100x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAPL	0.0000%	8h	339.44	−0.016%	$2.5M	$1.3M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.43	−0.020%	$20K	$350K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.58	+0.024%	$761	$4.1M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.47	−0.009%	$28K	$68K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.68	+0.053%	$62K	$241K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.46	−0.012%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0023%	1h	339.47	−0.009%	$3.3M	$4.2M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.54	+0.011%	$924K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.54	+0.012%	$995K	$3.0M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.37	−0.038%	$267K	$48K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.37	−0.038%	—	$45K	25x	as long as short
Hotstuff AAPL-PERP	+0.0048%	1h	339.35	−0.044%	$36K	—	20x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.49	−0.003%	$40.5M	$76.7M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.46	−0.012%	$269K	$356K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.47	−0.009%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.27	−0.068%	$1.3M	$2.2M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.28	−0.065%	$1.4M	$214K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.38	−0.035%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.44	−0.017%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.38	−0.034%	$11K	$102	10x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0128%	1h	339.31	−0.056%	$659K	$630K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.83	+0.097%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0283%	1h	339.46	−0.012%	$5K	$12K	20x	as long as short