Funding you earn now, next payment 08:00 UTC+0.0999%/8h= +109.3% APRpaid last 24h +0.035%
Price spread now: Bybit against edgeX−0.177%81s7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$230as 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−$2572.573% of the position
Funding, last 7 days+0.274%+$27 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now −0.177%, 7d avg −0.045%
=Together, before fees+0.263%+ Points / potential airdropedgeX: Active · farm board+$26 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.133% cheaper against edgeX than usual: you would sell low and buy high (spread −0.177% now, against its 7-day average of −0.045%). If the spread goes back, that is −$13 on $10k: about 11 hours of funding at the current rate (+$30 a day). At the pace of the last 7 days (+0.274% in total) that is about 3.4 days. The two prices were read 81 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 0.274% in total (about 14.3% 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 | edgeX APLDUSDC | 28.100 | −0.0999 | get 0.0499% / 4h | 2h 36m | $8K | $269K | 10x |
| Short | Bybit APLDUSDT | 28.050 | 0 | get 0.0000% / 8h | 2h 36m | $120K | $140K | 25x |
edgeX APLDUSDC
Bybit APLDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against edgeX. 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: −0.177% → −0.045%
- −$13.28
- Slippage, 4 orders
- −$237.28
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$60.85
- Costs to cover
- 2.573%
- Break-even
- 9.0 days
Slippage from edgeX: live order book, 11 min ago; Bybit: live order book, 59 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 edgeX live order book, 11 min ago | 14.22 bp | 21.2 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 59 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 APLDUSDClong | −0.0999% | 4h | 28.100 | long leg | $8K | $269K | 10x | |
| Binance APLDUSDT | 0.0000% | 8h | 28.014 | −0.307% | $93K | $687K | 20x | as long as short |
| Bybit APLDUSDTshort | 0.0000% | 8h | 28.050 | −0.177% | $120K | $140K | 25x | |
| OKX APLD-USDT-SWAP | 0.0000% | 8h | 28.050 | −0.177% | $81K | $45K | 10x | as long as short |
| Gate APLD_USDT | 0.0000% | 8h | 28.100 | +0.001% | $4K | $4K | 20x | as long as short |
| Bitget APLDUSDT | 0.0000% | 8h | 28.090 | −0.035% | $152K | $290K | 20x | as long as short |
| HTX APLD-USDT | 0.0000% | 8h | 28.030 | −0.248% | $7K | $296K | 10x | as long as short |
| Phemex APLDUSDT | 0.0000% | 8h | 28.010 | −0.320% | $31K | $56K | 10x | as long as short |
| BloFin APLD-USDT | +0.0022% | 8h | 27.990 | −0.391% | $50K | $3K | 20x | as long as short |
| KuCoin APLDUSDTM | +0.0100% | 8h | 28.070 | −0.106% | $80K | $645K | 10x | as long as short |
Binance APLDUSDT
OKX APLD-USDT-SWAP
Gate APLD_USDT
Bitget APLDUSDT
HTX APLD-USDT
Phemex APLDUSDT
BloFin APLD-USDT
KuCoin APLDUSDTM