Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 23.680 | +0.0050 | pay 0.0050% / 8h | 3h 26m | $980K | $1.6M | — | Long BingX | |
| SHORT | 23.690 | 0 | 0.0000% / 8h | 3h 26m | $339K | $35K | 10x | Short Phemex |
Price gap+0.042%
Funding gap−0.0050% /8h
The gap pays +$6 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 3.8 days. At the last 7 days' pace that is about 16 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$59−0.0050% /8h now · paid −0.586% over the last 7D
Price+$6spread +0.042% now, avg −0.015% → +0.057% if it goes back
Costs−$1491.487% of $10k · taker + slippage, in and out
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+0.042%
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
2 ok · 3 to watch- Watch: Thin at this size26.2 / 47.5 bpAt $10k entering Phemex costs 47.5 bp, fee and slippage, 1.8× BingX’s.
- Note: Margin at max leverage— + $1,000BingX —, Phemex 10x. 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: −$1.50Long BingX: 3 payments, −$1.50; short Phemex: 3 payments, $0.00.
- OK: Entry gap works for you+0.042% vs −0.015%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$339K vs $980K OIPhemex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · Phemex YesAdvanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0279%/8h × 21 periods−$58.59
Price spread+0.042% → −0.015% (7d avg)+$5.74
Slippage, 4 orderslive order books−$126.69
Fee BingX bp × 2 orders−$10.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$201.54
Costs to cover1.487%Break-evennever at this rate
Slippage: BingX: live order book, 19 min ago; Phemex: live order book, 18 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX2.1126.2 bp−$26136.8 bp−$1,368599.6 bp−$60.0K936.1 bp−$468.0K
SELL · SHORTPhemex6.3447.5 bp−$47doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-09 01:20 | Bitget | Other | $APLD just dropped earnings with a strong revenue beat. Check the key levels to watch for the next move 👇 @bitget on X ↗ |
| 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 ↗ |
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| 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 |
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