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

APE

all APE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0900%/8h= +98.5% APRpaid last 24h +0.214%
Price spread now: Coinbase International against Bitget+0.613%7-day average +0.388% · 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 7 days+0.757%+$76 on $10k
Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.613%, 7d avg +0.388%
Together, before fees+0.656%+$66 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Coinbase International is 0.225% dearer against Bitget than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.388%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget APEUSDT0.14680.0100pay 0.0100% / 8h6h 22m$2.1M$619K25x
ShortCoinbase International APE-PERP-INTX0.14770.1000get 0.0125% / 1h22m 02s$99K$8K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$189
Price spread: +0.613% → +0.388%
$22.46
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$189.46
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: Bitget: live order book, 3 min ago; Coinbase International: live order book, 46 min ago. 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 Bitget live order book, 3 min ago6.81 bp36.5 bp −$37206.0 bp −$2,060doesn't fitdoesn't fit
Sell Coinbase International live order book, 46 min ago13.51 bp31.8 bp −$32doesn't fitdoesn't fitdoesn't fit

APE on 20 exchanges

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%1h0.1469+0.035%$1K100xas long as short
Reya APERUSDPERP0.0000%1h0.1235−15.871%as long as short
Injective APE/USDC PERP+0.0033%1h0.1378−6.131%$1K$12K5.5xas long as short
dYdX APE-USD+0.0056%1h0.1467−0.071%$9K5xas long as short
Hyperliquid APE+0.0100%1h0.1472+0.245%$1.3M$354K5xas long as short
Aster APEUSDT+0.0100%8h0.1468+0.004%$122K$20K10xas long as short
Binance APEUSDT+0.0100%8h0.1469+0.068%$4.1M$7.2M50xas long as short
Bybit APEUSDT+0.0100%8h0.1468+0.020%$3.6M$2.9M50xas long as short
OKX APE-USDT-SWAP+0.0100%8h0.1468+0.014%$1.3M$1.6M20xas long as short
Gate APE_USDT+0.0100%8h0.1468+0.020%$635K$304K50xas long as short
Show all 20 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC APE_USDT+0.0100%8h0.14680.000%$4.2M$707K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.14680.000%$1.8M$4.3M50xas long as short
Bitget APEUSDTlong+0.0100%8h0.1468long leg$2.1M$619K25x
BingX APE-USDT+0.0100%8h0.14680.000%$13.0Mas long as short
Variational Omni APE+0.0100%8h0.1468+0.003%$5K$14Kas long as short
Extended APE-USD+0.0104%1h0.1468+0.023%$9K$211K10xas long as short
BloFin APE-USDT+0.0126%8h0.1470+0.136%$217K$59K75xas long as short
Kraken Futures PF_APEUSD+0.0305%1h0.1471+0.195%$404K$701K20xas long as short
Deribit APE_USDC-PERPETUAL+0.0431%1h0.1469+0.068%$60$24K25xas long as short
Coinbase International APE-PERP-INTXshort+0.1000%1h0.1477+0.613%$99K$8K25x