Funding arb · Price arb /

APE

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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 Binance0.000%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$820.816% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 7 days+0.143%+$14 · spread now 0.000%, 7d avg +0.023%

Together, before fees+0.234%+$23 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 0.023% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance APEUSDT	0.1471	0.0100	pay 0.0100% / 8h	6h 10m	$4.1M	$6.6M	50x
Short	Bitget APEUSDT	0.1471	0.0100	get 0.0100% / 8h	6h 10m	$2.1M	$563K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.023%: −$2.31
Slippage, 4 orders: −$59.62
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$83.93
Costs to cover: 0.816%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; Bitget: live order book, 2 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 Binance live order book, 13 min ago	3.40 bp	19.0 bp −$19	88.1 bp −$881	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	6.79 bp	21.8 bp −$22	122.9 bp −$1,229	doesn't fit	doesn't fit

APE on 19 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
Kraken Futures PF_APEUSD	−0.0224%	1h	0.1473	+0.123%	$408K	$609K	20x	as long as short
GMX APE/USD [APE-USDC]	L −0.0178% / S +0.0185%	1h	0.1471	−0.017%	$1K	—	100x	as long as short
Reya APERUSDPERP	0.0000%	1h	0.1235	−16.044%	—	—	—	as long as short
Deribit APE_USDC-PERPETUAL	0.0000%	1h	0.1472	+0.068%	$11K	$18K	25x	as long as short
dYdX APE-USD	+0.0014%	1h	0.1472	+0.050%	$9K	$5	5x	as long as short
Injective APE/USDC PERP	+0.0033%	1h	0.1378	−6.322%	$1K	$12K	5.5x	as long as short
Hyperliquid APE	+0.0100%	1h	0.1473	+0.143%	$1.3M	$378K	5x	as long as short
Aster APEUSDT	+0.0100%	8h	0.1472	+0.083%	$122K	$22K	10x	as long as short
Binance APEUSDTlong	+0.0100%	8h	0.1471	long leg	$4.1M	$6.6M	50x
Bybit APEUSDT	+0.0100%	8h	0.1471	−0.014%	$3.6M	$3.0M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX APE-USDT-SWAP	+0.0100%	8h	0.1470	−0.041%	$1.3M	$1.4M	20x	as long as short
Gate APE_USDT	+0.0100%	8h	0.1471	+0.007%	$633K	$310K	50x	as long as short
MEXC APE_USDT	+0.0100%	8h	0.1473	+0.136%	$4.4M	$900K	50x	as long as short
KuCoin APEUSDTM	+0.0100%	8h	0.1471	0.000%	$1.8M	$2.6M	50x	as long as short
Bitget APEUSDTshort	+0.0100%	8h	0.1471	0.000%	$2.1M	$563K	25x
BingX APE-USDT	+0.0100%	8h	0.1471	0.000%	—	$13.1M	—	as long as short
Variational Omni APE	+0.0100%	8h	0.1471	−0.014%	$7K	$12K	—	as long as short
Extended APE-USD	+0.0104%	1h	0.1471	+0.012%	$4K	$202K	10x	as long as short
Coinbase International APE-PERP-INTX	+0.0904%	1h	0.1474	+0.204%	$99K	$7K	25x	as long as short