Funding you earn now, next payment 08:00 UTC−0.0999%/8h= −109.3% APRpaid last 24h −0.035%
Price spread now: edgeX against Bitget+0.035%54s7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$990.988% of the position
Funding, last 7 days−0.334%−$33 on $10k
+Price spread, last 4 days (all we have)+0.153%+$15 · spread now +0.035%, 7d avg +0.078%
=Together, before fees−0.180%+ Points / potential airdropedgeX: Active · farm board−$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and edgeX is 0.043% cheaper against Bitget than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.078%). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.334% in total (about -17.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget APLDUSDT | 28.090 | 0 | get 0.0000% / 8h | 2h 36m | $152K | $290K | 20x |
| Short | edgeX APLDUSDC | 28.100 | −0.0999 | pay 0.0499% / 4h | 2h 36m | $8K | $269K | 10x |
Bitget APLDUSDT
edgeX APLDUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$209.7
- Price spread: +0.035% → +0.078%
- −$4.34
- Slippage, 4 orders
- −$77.8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$312.84
- Costs to cover
- 0.988%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; edgeX: live order book, 11 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, 3 min ago | 3.56 bp | 26.2 bp −$26 | 70.3 bp −$703 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 11 min ago | 14.22 bp | 31.2 bp −$31 | doesn't fit | 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 APLDUSDCshort | −0.0999% | 4h | 28.100 | +0.035% | $8K | $269K | 10x | |
| Binance APLDUSDT | 0.0000% | 8h | 28.015 | −0.267% | $93K | $687K | 20x | as long as short |
| Bybit APLDUSDT | 0.0000% | 8h | 28.050 | −0.142% | $120K | $140K | 25x | as long as short |
| OKX APLD-USDT-SWAP | 0.0000% | 8h | 28.130 | +0.142% | $81K | $41K | 10x | as long as short |
| Gate APLD_USDT | 0.0000% | 8h | 28.110 | +0.071% | $4K | $4K | 20x | as long as short |
| Bitget APLDUSDTlong | 0.0000% | 8h | 28.090 | long leg | $152K | $290K | 20x | |
| HTX APLD-USDT | 0.0000% | 8h | 28.080 | −0.036% | $7K | $297K | 10x | as long as short |
| Phemex APLDUSDT | 0.0000% | 8h | 28.010 | −0.285% | $31K | $56K | 10x | as long as short |
| BloFin APLD-USDT | +0.0022% | 8h | 27.990 | −0.356% | $50K | $3K | 20x | as long as short |
| KuCoin APLDUSDTM | +0.0100% | 8h | 28.070 | −0.071% | $80K | $645K | 10x | as long as short |
Binance APLDUSDT
Bybit APLDUSDT
OKX APLD-USDT-SWAP
Gate APLD_USDT
HTX APLD-USDT
Phemex APLDUSDT
BloFin APLD-USDT
KuCoin APLDUSDTM