Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 23.590 | 0 | 0.0000% / 8h | 2h 33m | $338K | $35K | 10x | Long Phemex | |
| SHORT | 23.600 | +0.0050 | get 0.0050% / 8h | 2h 33m | $980K | $1.6M | — | Short BingX |
Price gap+0.042%
Funding gap+0.0050% /8h
Both sides work: funding pays +$2 a day on $10k, and the gap is 0.028% above its 7d average: +$3 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$59+0.0050% /8h now · paid +0.586% over the last 7D
Price+$3spread +0.042% now, avg +0.015% → +0.028% if it goes back
Costs−$1381.385% 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+0.042%
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
2 ok · 3 to watch- Watch: Thin at this size62.1 / 17.6 bpAt $10k entering Phemex costs 62.1 bp, fee and slippage, 3.5× BingX’s.
- Note: Margin at max leverage$1,000 + —Phemex 10x, BingX —. 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: +$1.50Long Phemex: 3 payments, $0.00; short BingX: 3 payments, +$1.50.
- OK: Entry gap works for you+0.042% vs +0.015%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$338K vs $980K OIPhemex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhemex Yes · BingX YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0279%/8h × 21 periods+$58.59
Price spread+0.042% → +0.015% (7d avg)+$2.77
Slippage, 4 orderslive order books−$116.48
Fee Phemex bp × 2 orders−$12.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$77.11
Costs to cover1.385%Break-even16.2 days
Slippage: Phemex: live order book, 6 min ago; BingX: live order book, 12 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex6.3462.1 bp−$62doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX2.1117.6 bp−$18123.1 bp−$1,231663.1 bp−$66.3K1076.4 bp−$538.2K
Closing costs about the same again.
| 10-09 01:20 | Bitget | Other | $APLD just dropped earnings with a strong revenue beat. Check the key levels to watch for the next move 👇 @bitget on X ↗ |
| 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 |


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