Funding arb · Price arb /

APLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Bitget0.000%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$258as in the Funding arb table

Net, price: spread back to 7d avg − costs−$255as in the Price arb table

costs, in and out, $10k−$2522.524% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 4 days (all we have)−0.240%−$24 · spread now 0.000%, 7d avg +0.025%

Together, before fees−0.300%−$30 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.025% cheaper against Bitget than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget APLDUSDT	28.180	0	get 0.0000% / 8h	3h 10m	$153K	$295K	20x
Short	Bybit APLDUSDT	28.180	0	get 0.0000% / 8h	3h 10m	$118K	$138K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.025%: −$2.47
Slippage, 4 orders: −$229.4
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$254.87
Costs to cover: 2.524%
Break-even: never at this rate

Slippage from Bitget: live order book, 34 min ago; Bybit: live order book, 24 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 Bitget live order book, 34 min ago	3.53 bp	21.8 bp −$22	77.9 bp −$779	doesn't fit	doesn't fit
Sell Bybit live order book, 24 min ago	3.54 bp	95.0 bp −$95	216.5 bp −$2,165	doesn't fit	doesn't fit

APLD on 10 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 APLDUSDC	−0.0169%	4h	28.228	+0.170%	$8K	$268K	10x	as long as short
BloFin APLD-USDT	−0.0021%	8h	28.190	+0.035%	$50K	$3K	20x	as long as short
Binance APLDUSDT	0.0000%	8h	28.155	−0.090%	$94K	$702K	20x	as long as short
Bybit APLDUSDTshort	0.0000%	8h	28.180	0.000%	$118K	$138K	25x
OKX APLD-USDT-SWAP	0.0000%	8h	28.170	−0.035%	$81K	$42K	10x	as long as short
Gate APLD_USDT	0.0000%	8h	28.180	0.000%	$4K	$4K	20x	as long as short
Bitget APLDUSDTlong	0.0000%	8h	28.180	long leg	$153K	$295K	20x
HTX APLD-USDT	0.0000%	8h	28.240	+0.213%	$7K	$298K	10x	as long as short
Phemex APLDUSDT	0.0000%	8h	28.180	0.000%	$31K	$57K	10x	as long as short
KuCoin APLDUSDTM	+0.0100%	8h	28.200	+0.071%	$82K	$647K	10x	as long as short