Funding you earn now, next payment 04:00 UTC−0.0901%/8h= −98.7% APRpaid last 24h −0.072%
Price spread now: edgeX against Bybit−0.146%101s7-day average +0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$296as 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−$2642.638% of the position
Funding, last 7 days−0.321%−$32 on $10k
+Price spread, last 3 days (all we have)+0.335%+$33 · spread now −0.146%, 7d avg +0.044%
=Together, before fees+0.014%+ Points / potential airdropedgeX: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and edgeX is 0.191% cheaper against Bybit than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.044%). Swap the legs. The two prices were read 101 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 -0.321% in total (about -16.7% 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 | Bybit APLDUSDT | 28.360 | 0 | get 0.0000% / 8h | 7h 51m | $119K | $141K | 25x |
| Short | edgeX APLDUSDC | 28.318 | −0.0901 | pay 0.0451% / 4h | 3h 51m | $8K | $268K | 10x |
Bybit APLDUSDT
edgeX APLDUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Bybit. 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
- −$189.27
- Price spread: −0.146% → +0.044%
- −$19.05
- Slippage, 4 orders
- −$243.8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$472.12
- Costs to cover
- 2.638%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; edgeX: live order book, 21 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 Bybit live order book, 3 min ago | 14.10 bp | 101.8 bp −$102 | 224.0 bp −$2,240 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 21 min ago | 14.14 bp | 30.4 bp −$30 | 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 | −0.0901% | 4h | 28.318 | −0.146% | $8K | $268K | 10x | |
| KuCoin APLDUSDTM | −0.0037% | 8h | 28.340 | −0.071% | $82K | $735K | 10x | as long as short |
| Binance APLDUSDT | 0.0000% | 8h | 28.302 | −0.204% | $91K | $720K | 20x | as long as short |
| Bybit APLDUSDTlong | 0.0000% | 8h | 28.360 | long leg | $119K | $141K | 25x | |
| OKX APLD-USDT-SWAP | 0.0000% | 8h | 28.410 | +0.176% | $82K | $43K | 10x | as long as short |
| Gate APLD_USDT | 0.0000% | 8h | 28.300 | −0.212% | $5K | $3K | 20x | as long as short |
| Bitget APLDUSDT | 0.0000% | 8h | 28.340 | −0.071% | $164K | $341K | 20x | as long as short |
| HTX APLD-USDT | 0.0000% | 8h | 28.310 | −0.176% | $7K | $311K | 10x | as long as short |
| Phemex APLDUSDT | 0.0000% | 8h | 28.310 | −0.176% | $30K | $58K | 10x | as long as short |
| BloFin APLD-USDT | +0.0019% | 8h | 28.340 | −0.071% | $50K | $3K | 20x | as long as short |
KuCoin APLDUSDTM
Binance APLDUSDT
OKX APLD-USDT-SWAP
Gate APLD_USDT
Bitget APLDUSDT
HTX APLD-USDT
Phemex APLDUSDT
BloFin APLD-USDT