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: HTX against Bybit0.000%7-day average +0.030% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.125%+$13 · spread now 0.000%, 7d avg +0.030%

Together, before fees+0.125%+$13 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: HTX is 0.030% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit APLDUSDT	27.970	0	get 0.0000% / 8h	50m 49s	$120K	$139K	25x
Short	HTX APLD-USDT	27.970	0	get 0.0000% / 8h	50m 49s	$7K	$295K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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 BybitbpFee HTXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.030%: −$3.02
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$26.02
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 34 min ago; HTX: live order book, 51 min ago. Net counts fees only.

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, 34 min ago	3.57 bp	105.8 bp −$106	661.7 bp −$6,617	doesn't fit	doesn't fit
Sell HTX live order book, 51 min ago	30.25 bp	doesn't fit	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 APLDUSDC	−0.0766%	4h	27.969	−0.003%	$8K	$268K	10x	as long as short
Binance APLDUSDT	0.0000%	8h	27.871	−0.353%	$91K	$670K	20x	as long as short
Bybit APLDUSDTlong	0.0000%	8h	27.970	long leg	$120K	$139K	25x
OKX APLD-USDT-SWAP	0.0000%	8h	27.970	0.000%	$80K	$45K	10x	as long as short
Gate APLD_USDT	0.0000%	8h	27.950	−0.072%	$4K	$3K	20x	as long as short
Bitget APLDUSDT	0.0000%	8h	27.960	−0.036%	$151K	$283K	20x	as long as short
HTX APLD-USDTshort	0.0000%	8h	27.970	0.000%	$7K	$295K	10x
Phemex APLDUSDT	0.0000%	8h	27.880	−0.322%	$31K	$54K	10x	as long as short
BloFin APLD-USDT	+0.0023%	8h	27.840	−0.465%	$50K	$3K	20x	as long as short
KuCoin APLDUSDTM	+0.0056%	8h	27.940	−0.107%	$80K	$645K	10x	as long as short