Settings8H · net · $10k
Funding arb · Price arb /

APLD

RWAall APLD markets
SwapBacktest
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: OKX against Phemex+0.250%53s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.250% dearer against Phemex than usual: you sell high and buy low, +$25 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex APLDUSDT28.0300get 0.0000% / 8h1h 46m$31K$56K10x
ShortOKX APLD-USDT-SWAP28.1000get 0.0000% / 8h1h 46m$81K$45K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Phemex. 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

Funding earned
$0
Price spread: +0.250% → 0.000%
$24.97
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
$2.97
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: Phemex: no order-book sample; OKX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex no order-book sample
Sell OKX no order-book sample
Phemex and OKX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

APLD on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance APLDUSDT0.0000%8h28.049+0.066%$93K$687K20xas long as short
Bybit APLDUSDT0.0000%8h28.130+0.357%$120K$140K25xas long as short
OKX APLD-USDT-SWAPshort0.0000%8h28.100+0.250%$81K$45K10x
Gate APLD_USDT0.0000%8h28.140+0.392%$4K$3K20xas long as short
Bitget APLDUSDT0.0000%8h28.120+0.321%$152K$290K20xas long as short
HTX APLD-USDT0.0000%8h28.110+0.285%$7K$296K10xas long as short
Phemex APLDUSDTlong0.0000%8h28.030long leg$31K$56K10x
BloFin APLD-USDT+0.0026%8h28.080+0.178%$50K$3K20xas long as short
KuCoin APLDUSDTM+0.0100%8h28.090+0.214%$80K$650K10xas long as short
edgeX APLDUSDC+0.0449%4h28.142+0.400%$8K$269K10xas long as short