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

APE

all APE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Hyperliquid against Binance+0.162%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$770.772% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.092%+$9 on $10k
Price spread, last 7 days−0.020%−$2 · spread now +0.162%, 7d avg +0.082%
Together, before fees+0.072%+ Points / potential airdropHyperliquid: Season 2 · 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: Hyperliquid is 0.080% dearer against Binance than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.082%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance APEUSDT0.14600.0100pay 0.0100% / 8h36m 47s$4.1M$6.2M50x
ShortHyperliquid APE0.14630.0100get 0.0013% / 1h36m 47s$1.3M$369K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
Price spread: +0.162% → +0.082%
$8
Slippage, 4 orders
−$58.17
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$69.17
Costs to cover
0.772%
Break-even
never at this rate
Slippage from Binance: live order book, 2 min ago; Hyperliquid: live order book, 4 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, 2 min ago3.42 bp17.4 bp −$1781.9 bp −$819doesn't fitdoesn't fit
Sell Hyperliquid live order book, 4 min ago1.71 bp20.3 bp −$20doesn't fitdoesn'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
Kraken Futures PF_APEUSD−0.0178%1h0.1461+0.019%$405K$578K20xas long as short
GMX APE/USD [APE-USDC]L −0.0178% / S +0.0185%1h0.1460−0.009%$1K100xas long as short
Reya APERUSDPERP0.0000%1h0.1235−15.433%as long as short
Injective APE/USDC PERP+0.0033%1h0.1378−5.638%$1K$12K5.5xas long as short
dYdX APE-USD+0.0073%1h0.1461+0.035%$9K$55xas long as short
Hyperliquid APEshort+0.0100%1h0.1463+0.162%$1.3M$369K5x
Aster APEUSDT+0.0100%8h0.1460−0.025%$121K$22K10xas long as short
Binance APEUSDTlong+0.0100%8h0.1460long leg$4.1M$6.2M50x
Bybit APEUSDT+0.0100%8h0.1459−0.057%$3.6M$2.6M50xas long as short
OKX APE-USDT-SWAP+0.0100%8h0.1460−0.050%$1.3M$1.3M20xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate APE_USDT+0.0100%8h0.1462+0.087%$631K$292K50xas long as short
MEXC APE_USDT+0.0100%8h0.1460−0.023%$4.1M$923K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.1460−0.023%$1.8M$2.0M50xas long as short
Bitget APEUSDT+0.0100%8h0.1461+0.045%$2.1M$537K25xas long as short
BingX APE-USDT+0.0100%8h0.1460−0.023%$13.4Mas long as short
Variational Omni APE+0.0100%8h0.1462+0.139%$7K$12Kas long as short
Extended APE-USD+0.0104%1h0.1460−0.017%$4K$219K10xas long as short
BloFin APE-USDT+0.0127%8h0.1460−0.023%$221K$48K75xas long as short
Deribit APE_USDC-PERPETUAL+0.0435%1h0.1461+0.045%$11K$18K25xas long as short
Coinbase International APE-PERP-INTX+0.0776%1h0.1470+0.662%$99K$7K25xas long as short