Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 25.240 | +0.0480 | pay 0.0480% / 8h | 6h 17m | $419K | $2.5M | 20x | Long Binance | |
| SHORT | 25.230 | +0.1159 | get 0.1159% / 8h | 6h 17m | $980K | $1.7M | — | Short BingX |
Price gap−0.038%
Funding gap+0.0679% /8h
Funding pays +$20 a day on $10k, but the gap is 0.069% under its 7d average: −$7 if it goes back, about 8 hours of funding. At the last 7 days' pace that is about 2.5 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$19+0.0679% /8h now · paid +0.190% over the last 7D
Price−$7spread −0.038% now, avg +0.031% → −0.069% if it goes back
Costs−$1041.036% of $10k · taker + slippage, in and out
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.190% in total, about +0.0091%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.038%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hAPLD on 13 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size30.6 / 16.1 bpAt $10k entering Binance costs 30.6 bp, fee and slippage, 1.9× BingX’s.
- Note: Margin at max leverage$500 + —Binance 20x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$20.37Long Binance: 3 payments, −$14.40; short BingX: 3 payments, +$34.77.
- Watch: Gap narrower than usual−0.038% vs +0.031%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$419K vs $980K OIBinance sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBinance Yes · BingX YesVerified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0091%/8h × 21 periods+$19.05
Price spread−0.038% → +0.031% (7d avg)−$6.89
Slippage, 4 orderslive order books−$85.58
Fee Binance bp × 2 orders−$8.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$91.42
Costs to cover1.036%Break-even40.6 days
Slippage: Binance: live order book, 11 min ago; BingX: live order book, 7 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance1.9930.6 bp−$31261.7 bp−$2,617doesn’t fitdoesn’t fit
SELL · SHORTBingX1.9816.1 bp−$1669.3 bp−$693780.3 bp−$78.0K1181.7 bp−$590.9K
Closing costs about the same again.
| 10-03 11:45 | Backpack | Other | Earnings & macro events to watch for the week of Oct. 5. ▸ Earnings: $PEP $DAL $STZ $LEVI $APLD $PENG ▸ Macro: US ISM Services PMI, FOMC minutes Full market calendar → @Backpack on X ↗ |
| 10-03 11:40 | Backpack | Other | Earnings & macro events to watch for the week of Oct. 5. ▸ Earnings: $PEP $DAL $STZ $LEVI $APLD $PENG ▸ Macro: US ISM Services PMI, FOMC minutes Full market calendar → @Backpack on X ↗ |
| 09-22 13:38 | Phemex | Listing | Seven new US stock perpetuals. 10x leverage. One important catch: they launched before Monday’s cash session. $AGPU, $AMC, $ANET, $APLD, $CYPH, $HUT and $PATH are now live on Phemex. No expiry. USDT margin. Funding every 8 hours. Trade the names. Respect the first prints. 👇🏻 @Phemex_official on X ↗ |
| 09-20 11:07 | Phemex | Listing | New TradFi Futures listings are now LIVE with up to 10x leverage: 🟢 $AGPU / $APLD / $HUT / $ANET / $CYPH / $AMC / $PATH 👇 Trade directly with USDT on Phemex TradFi Futures @Phemex_official on X ↗ |
| 09-20 08:12 | Phemex | Listing | new market APLDUSDT ($APLD) seen by our collector |
| 09-18 13:45 | BloFin | Listing | BloFin Futures has listed the $APLD-USDT & $TLT-USDT Perpetual Contract 🔥 Trade and take advantage of: ✅ 0% Maker Fees ✅ 50% off Taker Fees @BloFin_Official on X ↗ |


Backpack
Phemex
BloFin