Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0078%/8h= +8.5% APRpaid last 24h −0.008%

Price spread now: Nado against Variational Omni−0.097%7-day average −0.037% · you buy dearer than you sell

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

Long on Variational Omni Short on Nado

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)+0.001%$0 · spread now −0.097%, 7d avg −0.037%

Together, before fees−0.049%+ Points / potential airdropVariational Omni: Active · Nado: Active · farm board−$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.059% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.097% now, against its 7-day average of −0.037%). If the spread goes back, that is −$6 on $10k: about 2.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AAPL	339.13	0.0048	pay 0.0048% / 8h	44m 54s	$2.4M	$1.4M	—
Short	Nado AAPL-PERP	338.81	0.0126	get 0.0016% / 1h	44m 54s	$556K	$35K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Variational Omni. 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 Variational OmnibpFee NadobpOrdersPrice spread, now −0.097%Rate

Funding earned: $16.31
Price spread: −0.097% → −0.037%: −$5.95
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $3.37
Costs to cover: 0.070%
Break-even: 5.6 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Nado: live order book, 33 min ago. 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 Variational Omni RFQ quote, 4 min ago	2.03 bp	doesn't fit	8.0 bp −$80	doesn't fit	doesn't fit
Sell Nado live order book, 33 min ago	0.15 bp	10.7 bp −$11	29.9 bp −$299	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	−0.0893%	4h	339.12	−0.004%	$81K	$326K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.02	−0.035%	$122K	$291K	20x	as long as short
Bybit AAPLUSDT	0.0000%	8h	339.17	+0.010%	$6.0M	$39.8M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.11	−0.007%	$6.5M	$7.0M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	338.91	−0.066%	$3.0M	$4.2M	100x	as long as short
SunX AAPL-USDT	0.0000%	8h	339.12	−0.004%	$661	$4.8M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	339.21	+0.022%	$52K	$223K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	339.17	+0.010%	$2.1M	$7K	10x	as long as short
GRVT AAPL_USDT_Perp	+0.0002%	8h	339.13	−0.001%	$14K	$498K	10x	as long as short
Bitget AAPLUSDT	+0.0031%	8h	339.12	−0.004%	$6.2M	$3.4M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH AAPL	+0.0032%	1h	339.05	−0.025%	$965K	$3.8M	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	338.73	−0.119%	—	$53K	25x	as long as short
Variational Omni AAPLlong	+0.0048%	8h	339.13	long leg	$2.4M	$1.4M	—
Polymarket Perps AAPL-USD	+0.0050%	1h	338.93	−0.060%	$265K	$394K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.02	−0.034%	$75K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	338.82	−0.093%	$1.4M	$2.4M	20x	as long as short
QFEX AAPL-USD	+0.0064%	1h	339.07	−0.019%	$3.2M	$5.1M	10x	as long as short
Extended AAPL_24_5-USD	+0.0072%	1h	339.06	−0.021%	$285K	$1.5M	10x	as long as short
Binance AAPLUSDT	+0.0073%	8h	339.13	−0.002%	$22.4M	$67.2M	25x	as long as short
BloFin AAPL-USDT	+0.0082%	8h	339.15	+0.004%	$304K	$167K	20x	as long as short
Lighter AAPL	+0.0088%	1h	339.00	−0.040%	$773K	$2.4M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	338.86	−0.081%	$1.4M	$28K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	338.84	−0.087%	$946K	$10.9M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.02	−0.034%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.07	−0.018%	$11K	—	10x	as long as short
Nado AAPL-PERPshort	+0.0126%	1h	338.81	−0.097%	$556K	$35K	20x
Hotstuff AAPL-PERP	+0.0128%	1h	339.02	−0.034%	$36K	—	20x	as long as short
Coinbase International AAPL-PERP-INTX	+0.0192%	1h	339.03	−0.031%	$660K	$677K	10x	as long as short
tradeXYZ xyz:AAPL	+0.0218%	1h	339.02	−0.034%	$40.9M	$76.4M	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	339.57	+0.128%	$191K	$44K	30x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0281%	1h	338.99	−0.043%	$28K	$65K	10x	as long as short
Phoenix AAPL	+0.0330%	1h	339.09	−0.013%	$2K	$8K	20x	as long as short
Arcus AAPL-USD	+0.0397%	1h	339.00	−0.040%	$270K	$71K	20x	as long as short