Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 24.720 | 0 | 0.0000% / 8h | 3h 13m | $268K | $435K | 20x | Long Bitget | |
| SHORT | 24.690 | 0 | 0.0000% / 8h | 3h 13m | $375K | $105K | 20x | Short MEXC |
Price gap−0.121%
Funding gap0.0000% /8h
Funding is ≈ 0 and the gap is 0.073% under its 7d average: the price leg works against you, −$7 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$70.0000% /8h now · paid −0.075% over the last 7D
Price−$7spread −0.121% now, avg −0.049% → −0.073% if it goes back
Costs−$1291.293% 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−0.121%
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 size35.8 / 29.0 bpAt $10k entering Bitget costs 35.8 bp, fee and slippage, 1.2× MEXC’s.
- Note: Margin at max leverage$500 + $500Bitget 20x, MEXC 20x. 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: $0.00Long Bitget: 3 payments, $0.00; short MEXC: 3 payments, $0.00.
- Watch: Gap narrower than usual−0.121% vs −0.049%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$268K vs $375K OIBitget sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBitget Yes · MEXC YesKYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0036%/8h × 21 periods−$7.48
Price spread−0.121% → −0.049% (7d avg)−$7.26
Slippage, 4 orderslive order books−$117.29
Fee Bitget bp × 2 orders−$12.00
Fee MEXC bp × 2 orders$0.00
Net · 7 days · $10k−$144.02
Costs to cover1.293%Break-evennever at this rate
Slippage: Bitget: live order book, 1 min ago; MEXC: live order book, 10 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBitget10.1035.8 bp−$36127.8 bp−$1,278doesn’t fitdoesn’t fit
SELL · SHORTMEXC6.0529.0 bp−$29152.3 bp−$1,523222.3 bp−$22.2Kdoesn’t fit
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