Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0083%/8hpaid last 24h −0.010%

Price spread now: Nado against Phemex−0.103%7-day average −0.044% · 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−$99as in the Price arb table

costs, in and out, $10k−$930.929% of the position

Long on Phemex Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.053%−$5 on $10k

Price spread, last 3 days (all we have)+0.057%+$6 · spread now −0.103%, 7d avg −0.044%

Together, before fees+0.004%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.059% cheaper against Phemex than usual: you would sell low and buy high (spread −0.103% now, against its 7-day average of −0.044%). If the spread goes back, that is −$6 on $10k: about 2.4 days of funding at the current rate (+$2 a day). Mind the row above: over the last 3 days funding on this pair cost −0.053%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AAPLUSDT	339.61	0	get 0.0000% / 4h	23m 46s	$2.1M	$7K	10x
Short	Nado AAPL-PERP	339.26	0.0083	get 0.0010% / 1h	23m 46s	$557K	$34K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Phemex. 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 PhemexbpFee NadobpOrdersPrice spread, now −0.103%Rate

Funding earned: $17.38
Price spread: −0.103% → −0.044%: −$5.94
Slippage, 4 orders: −$73.87
Fee Phemex: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$81.44
Costs to cover: 0.929%
Break-even: 39.8 days

Slippage from Phemex: live order book, 4 min ago; Nado: live order book, 8 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 Phemex live order book, 4 min ago	2.36 bp	40.6 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 8 min ago	0.15 bp	5.3 bp −$5	17.1 bp −$171	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	−0.0483%	4h	339.40	−0.063%	$81K	$324K	20x	as long as short
KuCoin AAPLUSDTM	−0.0032%	8h	339.12	−0.144%	$1.4M	$26K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.36	−0.073%	$128K	$282K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.30	−0.090%	$286K	$1.5M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	339.42	−0.055%	$22.3M	$63.3M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.49	−0.035%	$6.6M	$24.0M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.40	−0.062%	$6.6M	$6.7M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.14	−0.138%	$3.0M	$3.8M	100x	as long as short
Bitget AAPLUSDT	0.0000%	8h	339.48	−0.038%	$6.3M	$3.0M	100x	as long as short
Variational Omni AAPL	0.0000%	8h	339.44	−0.052%	$2.1M	$1.0M	—	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	339.51	−0.029%	$12K	$524K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.37	−0.071%	$482	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.58	−0.009%	$53K	$223K	30x	as long as short
Phemex AAPLUSDTlong	0.0000%	4h	339.61	long leg	$2.1M	$7K	10x
QFEX AAPL-USD	+0.0010%	1h	339.36	−0.074%	$3.3M	$4.6M	10x	as long as short
BloFin AAPL-USDT	+0.0027%	8h	339.41	−0.059%	$316K	$157K	20x	as long as short
Lighter AAPL	+0.0032%	1h	339.37	−0.069%	$711K	$2.4M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.35	−0.077%	$980K	$3.9M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.33	−0.082%	$270K	$81K	20x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0045%	1h	339.36	−0.074%	$28K	$64K	10x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.17	−0.130%	—	$9K	25x	as long as short
Hotstuff AAPL-PERP	+0.0048%	1h	339.38	−0.068%	$36K	—	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.22	−0.115%	$267K	$283K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.33	−0.082%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.11	−0.147%	$1.2M	$2.0M	20x	as long as short
tradeXYZ xyz:AAPL	+0.0060%	1h	339.34	−0.080%	$41.3M	$75.6M	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0064%	1h	339.35	−0.077%	$663K	$561K	10x	as long as short
Nado AAPL-PERPshort	+0.0083%	1h	339.26	−0.103%	$557K	$34K	20x
Phoenix AAPL	+0.0094%	1h	339.55	−0.018%	$2K	$12K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.27	−0.100%	$948K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.31	−0.088%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.36	−0.072%	$11K	—	10x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.15	−0.135%	$191K	$44K	30x	as long as short