Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0115%/8h= −12.6% APRpaid last 24h +0.008%

Price spread now: OKX against Nado+0.065%7-day average −0.007% · 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−$27as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on Nado Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.050%+$5 on $10k

Price spread, last 3 days (all we have)−0.059%−$6 · spread now +0.065%, 7d avg −0.007%

Together, before fees−0.009%+ Points / potential airdropNado: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.072% dearer against Nado than usual: you sell high and buy low (spread +0.065% now, against its 7-day average of −0.007%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AAPL-PERP	338.79	0.0115	pay 0.0014% / 1h	12m 24s	$557K	$34K	20x
Short	OKX AAPL-USDT-SWAP	339.01	0	get 0.0000% / 8h	12m 24s	$6.5M	$6.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$24.17
Price spread: +0.065% → −0.007%: $7.23
Slippage, 4 orders: −$17.35
Fee Nado: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$51.29
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from Nado: live order book, 66 min ago; OKX: live order book, 6 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, 66 min ago	0.15 bp	13.4 bp −$13	27.4 bp −$274	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	0.15 bp	5.1 bp −$5	11.0 bp −$110	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	−0.0406%	4h	339.00	+0.061%	$81K	$327K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	338.99	+0.059%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.03	+0.071%	$6.0M	$39.2M	100x	as long as short
OKX AAPL-USDT-SWAPshort	0.0000%	8h	339.01	+0.065%	$6.5M	$6.8M	25x
Gate AAPL_USDT	0.0000%	8h	338.83	+0.012%	$3.0M	$4.2M	100x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.03	+0.071%	$580	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.14	+0.103%	$53K	$224K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.05	+0.077%	$2.1M	$7K	10x	as long as short
GRVT AAPL_USDT_Perp	+0.0023%	8h	339.04	+0.074%	$14K	$498K	10x	as long as short
Lighter RH AAPL	+0.0032%	1h	338.96	+0.050%	$964K	$3.8M	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AAPL-USD-PERP	+0.0046%	1h	338.67	−0.035%	—	$53K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	338.92	+0.039%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	338.90	+0.033%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.66	−0.038%	$1.4M	$2.4M	20x	as long as short
Lighter AAPL	+0.0064%	1h	338.90	+0.033%	$772K	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0064%	1h	338.96	+0.050%	$3.2M	$5.1M	10x	as long as short
Bitget AAPLUSDT	+0.0080%	8h	339.00	+0.062%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	+0.0093%	8h	339.04	+0.073%	$2.4M	$1.4M	—	as long as short
BloFin AAPL-USDT	+0.0096%	8h	339.03	+0.071%	$348K	$170K	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.79	0.000%	$1.4M	$27K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.72	−0.020%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	338.92	+0.039%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	338.96	+0.051%	$11K	—	10x	as long as short
Nado AAPL-PERPlong	+0.0115%	1h	338.79	long leg	$557K	$34K	20x
Binance AAPLUSDT	+0.0119%	8h	339.03	+0.072%	$22.4M	$67.0M	25x	as long as short
Extended AAPL_24_5-USD	+0.0120%	1h	338.98	+0.055%	$285K	$1.5M	10x	as long as short
Hotstuff AAPL-PERP	+0.0136%	1h	338.90	+0.033%	$36K	—	20x	as long as short
tradeXYZ xyz:AAPL	+0.0182%	1h	338.91	+0.036%	$40.8M	$76.3M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0192%	1h	339.03	+0.071%	$660K	$676K	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.41	+0.183%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0330%	1h	339.00	+0.062%	$5K	$8K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0370%	1h	338.96	+0.050%	$28K	$66K	10x	as long as short
Arcus AAPL-USD	+0.0397%	1h	338.87	+0.024%	$269K	$70K	20x	as long as short