Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.006%

Price spread now: Nado against SunX−0.064%7-day average −0.029% · 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−$125as in the Price arb table

costs, in and out, $10k−$1221.219% of the position

Long on SunX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.056%−$6 on $10k

Price spread, last 4 days (all we have)+0.138%+$14 · spread now −0.064%, 7d avg −0.029%

Together, before fees+0.082%+ Points / potential airdropNado: Active · farm board+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.036% cheaper against SunX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.029%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAPL-USDT	340.19	0	get 0.0000% / 8h	7h 37m	$541	$4.3M	20x
Short	Nado AAPL-PERP	339.97	−0.0018	pay 0.0002% / 1h	37m 16s	$556K	$36K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against SunX. 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 SunXbpFee NadobpOrdersPrice spread, now −0.064%Rate

Funding earned: −$3.84
Price spread: −0.064% → −0.029%: −$3.58
Slippage, 4 orders: −$106.87
Fee SunX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$129.29
Costs to cover: 1.219%
Break-even: never at this rate

Slippage from SunX: live order book, 11 min ago; Nado: live order book, 61 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 SunX live order book, 11 min ago	44.84 bp	49.3 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 61 min ago	0.59 bp	11.0 bp −$11	43.6 bp −$436	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
Nado AAPL-PERPshort	−0.0018%	1h	339.97	−0.064%	$556K	$36K	20x
BloFin AAPL-USDT	−0.0013%	8h	340.20	+0.003%	$345K	$166K	20x	as long as short
edgeX AAPLUSDC	−0.0011%	4h	340.24	+0.013%	$81K	$326K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	340.04	−0.045%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	340.07	−0.036%	$285K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	340.16	−0.009%	$22.2M	$67.3M	25x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	340.17	−0.006%	$6.3M	$7.0M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.97	−0.065%	$3.0M	$5.7M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	340.18	−0.003%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	340.07	−0.034%	$2.5M	$1.2M	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AAPL_USDT_Perp	0.0000%	8h	340.34	+0.044%	$13K	$350K	10x	as long as short
SunX AAPL-USDTlong	0.0000%	8h	340.19	long leg	$541	$4.3M	20x
HTX AAPL-USDT	0.0000%	8h	340.26	+0.021%	$62K	$245K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	340.20	+0.003%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0010%	1h	340.05	−0.041%	$3.2M	$4.2M	10x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0015%	1h	340.04	−0.044%	$28K	$69K	10x	as long as short
Hotstuff AAPL-PERP	+0.0024%	1h	340.01	−0.053%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	340.14	−0.015%	$662K	$660K	10x	as long as short
Lighter AAPL	+0.0032%	1h	340.10	−0.026%	$932K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	340.08	−0.032%	$968K	$3.2M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	340.09	−0.029%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.92	−0.079%	—	$45K	25x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.88	−0.091%	$279K	$350K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	340.00	−0.056%	$76K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	340.00	−0.056%	$1.3M	$2.3M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0065%	1h	339.99	−0.059%	$40.4M	$76.6M	20x	as long as short
Bybit AAPLUSDT	+0.0085%	8h	340.22	+0.009%	$7.6M	$189.3M	100x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	340.02	−0.050%	$1.4M	$76K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.97	−0.065%	$950K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	340.07	−0.035%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	340.08	−0.033%	$11K	$102	10x	as long as short
Phoenix AAPL	+0.0212%	1h	340.16	−0.009%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.80	+0.179%	$192K	$44K	30x	as long as short