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: Bitget against HTX0.000%7-day average −0.069% · you sell dearer than you buy

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

Long on HTX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 4 days (all we have)−0.200%−$20 · spread now 0.000%, 7d avg −0.069%

Together, before fees−0.140%−$14 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: Bitget is 0.069% dearer against HTX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX APLD-USDT	28.110	0	get 0.0000% / 8h	1h 36m	$7K	$295K	10x
Short	Bitget APLDUSDT	28.110	0	get 0.0000% / 8h	1h 36m	$152K	$289K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against HTX. 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 HTXbpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.069%: $6.88
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$17.12
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 5 min ago; Bitget: live order book, 63 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 HTX live order book, 5 min ago	30.25 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 63 min ago	3.56 bp	20.2 bp −$20	40.3 bp −$403	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
BloFin APLD-USDT	−0.0016%	8h	28.010	−0.356%	$50K	$3K	20x	as long as short
Binance APLDUSDT	0.0000%	8h	28.023	−0.310%	$93K	$687K	20x	as long as short
Bybit APLDUSDT	0.0000%	8h	28.080	−0.107%	$120K	$140K	25x	as long as short
OKX APLD-USDT-SWAP	0.0000%	8h	28.070	−0.142%	$81K	$45K	10x	as long as short
Gate APLD_USDT	0.0000%	8h	28.110	0.000%	$4K	$3K	20x	as long as short
Bitget APLDUSDTshort	0.0000%	8h	28.110	0.000%	$152K	$289K	20x
HTX APLD-USDTlong	0.0000%	8h	28.110	long leg	$7K	$295K	10x
Phemex APLDUSDT	0.0000%	8h	28.030	−0.285%	$31K	$56K	10x	as long as short
KuCoin APLDUSDTM	+0.0100%	8h	28.060	−0.178%	$80K	$647K	10x	as long as short
edgeX APLDUSDC	+0.0134%	4h	28.114	+0.013%	$8K	$269K	10x	as long as short