Settings8H · net · $10k
Funding arb · Price arb /

AAPL

RWAall AAPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0311%/8h= +34.0% APRnext payment +$0.39 per $10,000 · paid last 24h +0.040%
Price spread now: Phoenix against Nado+0.071%57s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropNado: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Phoenix is 0.071% dearer against Nado than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado AAPL-PERP338.69−0.0051get 0.0006% / 1h26m 06s$554K$38K20x
ShortPhoenix AAPL338.930.0259get 0.0032% / 1h26m 06s$5K$11K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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

Funding earned
$65.27
Price spread: +0.071% → 0.000%
$7.07
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$58.34
Costs to cover
0.140%
Break-even
0.7 days
Slippage unknown: Nado: live order book, 37 min ago; Phoenix: 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
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 37 min ago0.15 bp13.4 bp −$1368.6 bp −$686doesn't fitdoesn't fit
Sell Phoenix no order-book sample
Phoenix: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX AAPLUSDC−0.0696%4h338.81+0.035%$81K$325K20xas long as short
Nado AAPL-PERPlong−0.0051%1h338.69long leg$554K$38K20x
BloFin AAPL-USDT−0.0016%8h338.81+0.035%$343K$169K20xas long as short
Aster AAPLUSDT0.0000%8h338.85+0.047%$122K$291K20xas long as short
Extended AAPL_24_5-USD0.0000%1h338.73+0.013%$285K$2.0M10xas long as short
Binance AAPLUSDT0.0000%8h338.82+0.039%$22.2M$67.0M25xas long as short
Bybit AAPLUSDT0.0000%8h338.85+0.047%$6.0M$39.2M100xas long as short
OKX AAPL-USDT-SWAP0.0000%8h338.83+0.041%$6.3M$6.8M25xas long as short
Gate AAPL_USDT0.0000%8h338.58−0.033%$3.0M$4.2M100xas long as short
Bitget AAPLUSDT0.0000%8h338.90+0.062%$6.2M$3.5M100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni AAPL0.0000%8h338.99+0.087%$2.4M$1.4Mas long as short
GRVT AAPL_USDT_Perp0.0000%8h338.88+0.056%$17K$424K10xas long as short
SunX AAPL-USDT0.0000%8h338.81+0.035%$407$4.6M20xas long as short
Deribit AAPL_USDC-PERPETUAL0.0000%1h338.59−0.030%$28K$67K10xas long as short
HTX AAPL-USDT0.0000%8h338.91+0.065%$53K$224K30xas long as short
Phemex AAPLUSDT0.0000%4h338.99+0.088%$2.1M$6K10xas long as short
QFEX AAPL-USD+0.0013%1h338.79+0.029%$3.2M$4.8M10xas long as short
Lighter AAPL+0.0032%1h338.67−0.005%$771K$2.4M20xas long as short
Lighter RH AAPL+0.0032%1h338.690.000%$947K$3.6M20xas long as short
Arcus AAPL-USD+0.0040%1h338.74+0.015%$269K$69K20xas long as short
Vest AAPL-USD-PERP+0.0046%1h338.59−0.030%$45K25xas long as short
Coinbase International AAPL-PERP-INTX+0.0048%1h338.78+0.026%$659K$673K10xas long as short
Polymarket Perps AAPL-USD+0.0050%1h338.54−0.044%$261K$370K10xas long as short
SoDEX AAPL-USD+0.0050%1h338.72+0.009%$75K$3K10xas long as short
Ondo Perps AAPL-USD.P+0.0050%1h338.65−0.012%$1.3M$2.5M20xas long as short
tradeXYZ xyz:AAPL+0.0063%1h338.690.000%$40.7M$75.8M20xas long as short
KuCoin AAPLUSDTM+0.0100%8h338.72+0.009%$1.4M$27K20xas long as short
ApeX Omni AAPLUSDT+0.0100%1h338.72+0.009%$946K$11.0M50xas long as short
Orderly PERP_AAPL_USDC_mythos+0.0100%8h338.71+0.006%$4K10xas long as short
Aevo AAPL-PERP+0.0104%1h338.70+0.002%$10K10xas long as short
Hotstuff AAPL-PERP+0.0112%1h338.690.000%$36K20xas long as short
Injective AAPL/USDC PERP+0.0220%1h338.72+0.009%$191K$44K30xas long as short
Phoenix AAPLshort+0.0259%1h338.93+0.071%$5K$11K20x