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

APE

all APE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Binance+0.002%7-day average −0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$970.967% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.065%−$6 · spread now +0.002%, 7d avg −0.037%
Together, before fees−0.065%+ Points / potential airdropExtended: Active · farm board−$7 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: Extended is 0.038% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.037%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance APEUSDT0.14850.0100pay 0.0100% / 8h5h 16m$4.1M$6.6M50x
ShortExtended APE-USD0.14850.0104get 0.0013% / 1h16m 50s$8K$201K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: +0.002% → −0.037%
$3.83
Slippage, 4 orders
−$81.74
Fee Binance: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$92.06
Costs to cover
0.967%
Break-even
774.2 days
Slippage from Binance: live order book, 7 min ago; Extended: live order book, 45 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 7 min ago3.37 bp17.8 bp −$1833.7 bp −$3372756.8 bp −$275.7Kdoesn't fit
Sell Extended live order book, 45 min ago6.45 bp30.8 bp −$31195.4 bp −$1,954doesn't fitdoesn't fit

APE on 20 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
GMX APE/USD [APE-USDC]L −0.0178% / S +0.0185%1h0.1486+0.049%$1K100xas long as short
Kraken Futures PF_APEUSD−0.0177%1h0.1486+0.062%$411K$610K20xas long as short
Reya APERUSDPERP0.0000%1h0.1235−16.824%as long as short
Injective APE/USDC PERP+0.0033%1h0.1378−7.193%$1K$12K5.5xas long as short
dYdX APE-USD+0.0067%1h0.1486+0.071%$9K$55xas long as short
Hyperliquid APE+0.0100%1h0.1486+0.101%$1.3M$365K5xas long as short
Aster APEUSDT+0.0100%8h0.1484−0.025%$123K$21K10xas long as short
Binance APEUSDTlong+0.0100%8h0.1485long leg$4.1M$6.6M50x
Bybit APEUSDT+0.0100%8h0.1485−0.007%$3.7M$3.0M50xas long as short
OKX APE-USDT-SWAP+0.0100%8h0.14850.000%$1.3M$1.4M20xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate APE_USDT+0.0100%8h0.1486+0.080%$639K$309K50xas long as short
MEXC APE_USDT+0.0100%8h0.1484−0.054%$4.5M$877K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.1486+0.080%$1.8M$2.8M50xas long as short
Bitget APEUSDT+0.0100%8h0.1486+0.080%$2.1M$549K25xas long as short
BingX APE-USDT+0.0100%8h0.1485+0.013%$13.1Mas long as short
Variational Omni APE+0.0100%8h0.1489+0.271%$8K$12Kas long as short
Extended APE-USDshort+0.0104%1h0.1485+0.002%$8K$201K10x
BloFin APE-USDT+0.0220%8h0.1487+0.148%$222K$57K75xas long as short
Deribit APE_USDC-PERPETUAL+0.0423%1h0.1486+0.080%$11K$18K25xas long as short
Coinbase International APE-PERP-INTX+0.0880%1h0.1491+0.417%$100K$8K25xas long as short