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: Bybit against Bitget−0.020%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$990.986% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days−0.104%−$10 · spread now −0.020%, 7d avg −0.051%

Together, before fees−0.125%−$12 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: Bybit is 0.031% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget APEUSDT	0.1472	0.0100	pay 0.0100% / 8h	6h 11m	$2.1M	$571K	25x
Short	Bybit APEUSDT	0.1472	0.0100	get 0.0100% / 8h	6h 11m	$3.6M	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → −0.051%: $3.07
Slippage, 4 orders: −$75.55
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$95.48
Costs to cover: 0.986%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Bybit: live order book, 6 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 Bitget live order book, 5 min ago	3.40 bp	25.7 bp −$26	120.9 bp −$1,209	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	2.38 bp	21.1 bp −$21	45.6 bp −$456	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	0.1472	+0.006%	$408K	$610K	20x	as long as short
GMX APE/USD [APE-USDC]	L −0.0178% / S +0.0185%	1h	0.1471	−0.088%	$1K	—	100x	as long as short
Reya APERUSDPERP	0.0000%	1h	0.1235	−16.101%	—	—	—	as long as short
Deribit APE_USDC-PERPETUAL	0.0000%	1h	0.1471	−0.068%	$11K	$18K	25x	as long as short
dYdX APE-USD	+0.0014%	1h	0.1470	−0.107%	$9K	$5	5x	as long as short
Injective APE/USDC PERP	+0.0033%	1h	0.1378	−6.386%	$1K	$12K	5.5x	as long as short
Hyperliquid APE	+0.0100%	1h	0.1474	+0.156%	$1.3M	$378K	5x	as long as short
Aster APEUSDT	+0.0100%	8h	0.1472	+0.005%	$122K	$22K	10x	as long as short
Binance APEUSDT	+0.0100%	8h	0.1472	−0.004%	$4.1M	$6.6M	50x	as long as short
Bybit APEUSDTshort	+0.0100%	8h	0.1472	−0.020%	$3.6M	$3.0M	50x

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	0.1472	0.000%	$1.3M	$1.4M	20x	as long as short
Gate APE_USDT	+0.0100%	8h	0.1472	+0.007%	$633K	$310K	50x	as long as short
MEXC APE_USDT	+0.0100%	8h	0.1473	+0.068%	$4.4M	$900K	50x	as long as short
KuCoin APEUSDTM	+0.0100%	8h	0.1472	0.000%	$1.8M	$2.6M	50x	as long as short
Bitget APEUSDTlong	+0.0100%	8h	0.1472	long leg	$2.1M	$571K	25x
BingX APE-USDT	+0.0100%	8h	0.1472	0.000%	—	$13.1M	—	as long as short
Variational Omni APE	+0.0100%	8h	0.1471	−0.052%	$8K	$12K	—	as long as short
Extended APE-USD	+0.0104%	1h	0.1471	−0.049%	$4K	$202K	10x	as long as short
Coinbase International APE-PERP-INTX	+0.0904%	1h	0.1472	0.000%	$99K	$7K	25x	as long as short