Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0182%/8h= +20.0% APRpaid last 24h +0.038%

Price spread now: Orderly against Nado−0.037%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.037% cheaper against Nado than usual: you would sell low and buy high (spread −0.037% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 16 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AAPL-PERP	339.33	−0.0082	get 0.0010% / 1h	16m 08s	$555K	$38K	20x
Short	Orderly PERP_AAPL_USDC_mythos	339.20	0.0100	get 0.0100% / 8h	3h 16m	$4K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.037%Rate

Funding earned: $38.3
Price spread: −0.037% → 0.000%: −$3.68
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: $21.62
Costs to cover: 0.130%
Break-even: 3.0 days

Slippage unknown: Nado: live order book, 37 min ago; Orderly: no order-book sample. Net counts fees only.

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, 37 min ago	0.15 bp	13.2 bp −$13	67.9 bp −$679	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.030%	$81K	$327K	20x	as long as short
Nado AAPL-PERPlong	−0.0082%	1h	339.33	long leg	$555K	$38K	20x
BloFin AAPL-USDT	−0.0017%	8h	339.38	+0.016%	$341K	$168K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.30	−0.008%	$121K	$292K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.22	−0.029%	$287K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.32	−0.001%	$21.9M	$67.0M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.30	−0.007%	$5.8M	$70.5M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.35	+0.007%	$6.3M	$6.8M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.04	−0.084%	$3.0M	$4.5M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.37	+0.013%	$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	339.29	−0.012%	$2.4M	$1.4M	—	as long as short
GRVT AAPL_USDT_Perp	0.0000%	8h	339.26	−0.020%	$16K	$411K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.30	−0.007%	$709	$4.6M	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	0.0000%	1h	339.24	−0.025%	$28K	$67K	10x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.44	+0.034%	$53K	$225K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.35	+0.007%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USD	+0.0030%	1h	339.23	−0.028%	$3.2M	$4.5M	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.22	−0.031%	$781K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.22	−0.031%	$939K	$3.6M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.12	−0.060%	$266K	$61K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.12	−0.060%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.18	−0.043%	$40.5M	$76.1M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.24	−0.025%	$278K	$408K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.22	−0.031%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.08	−0.072%	$1.3M	$2.5M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0096%	1h	338.78	−0.161%	$661K	$656K	10x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.29	−0.010%	$1.4M	$38K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.23	−0.028%	$948K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythosshort	+0.0100%	8h	339.20	−0.037%	$4K	—	10x
Aevo AAPL-PERP	+0.0104%	1h	339.21	−0.034%	$11K	—	10x	as long as short
Hotstuff AAPL-PERP	+0.0112%	1h	339.22	−0.031%	$36K	—	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.02	−0.090%	$191K	$44K	30x	as long as short
Phoenix AAPL	+0.0236%	1h	339.31	−0.004%	$5K	$11K	20x	as long as short