Funding you earn now, next payment 00:00 UTC+0.0015%/8h= +1.7% APRnext payment +$0.15 per $10,000 · paid last 24h −0.003%
Price spread now: Bybit against BloFin+0.199%102s7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1031.028% of the position
Funding, last 7 days+0.046%+$5 on $10k
+Price spread, last 3 days (all we have)−0.248%−$25 · spread now +0.199%, 7d avg −0.019%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Bybit is 0.218% dearer against BloFin than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.019%. The two prices were read 102 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin APE-USDT | 0.1454 | 0.0085 | pay 0.0085% / 8h | 2h 37m | $221K | $46K | 75x |
| Short | Bybit APEUSDT | 0.1457 | 0.0100 | get 0.0100% / 8h | 2h 37m | $3.7M | $2.5M | 50x |
BloFin APE-USDT
Bybit APEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $3.24
- Price spread: +0.199% → −0.019%
- $21.82
- Slippage, 4 orders
- −$79.76
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$77.69
- Costs to cover
- 1.028%
- Break-even
- 174.7 days
Slippage from BloFin: live order book, 45 min ago; Bybit: live order book, 5 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 BloFin live order book, 45 min ago | 10.31 bp | 16.3 bp −$16 | 41.2 bp −$412 | 336.5 bp −$33.7K | doesn't fit |
| Sell Bybit live order book, 5 min ago | 3.09 bp | 33.6 bp −$34 | 53.5 bp −$535 | doesn't fit | doesn't fit |
APE on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1455 | +0.092% | $1K | — | 100x | as long as short |
| dYdX APE-USD | 0.0000% | 1h | 0.1456 | +0.157% | $9K | $5 | 5x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −15.062% | — | — | — | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −5.227% | $1K | $12K | 5.5x | as long as short |
| BloFin APE-USDTlong | +0.0085% | 8h | 0.1454 | long leg | $221K | $46K | 75x | |
| Hyperliquid APE | +0.0100% | 1h | 0.1458 | +0.282% | $1.3M | $369K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1456 | +0.125% | $121K | $22K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1456 | +0.138% | $4.1M | $6.1M | 50x | as long as short |
| Bybit APEUSDTshort | +0.0100% | 8h | 0.1457 | +0.199% | $3.7M | $2.5M | 50x | |
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1457 | +0.206% | $1.2M | $1.3M | 20x | as long as short |
GMX APE/USD [APE-USDC]
dYdX APE-USD
Reya APERUSDPERP
Injective APE/USDC PERP
Hyperliquid APE
Aster APEUSDT
Binance APEUSDT
OKX APE-USDT-SWAPShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate APE_USDT | +0.0100% | 8h | 0.1456 | +0.138% | $628K | $290K | 50x | as long as short |
| MEXC APE_USDT | +0.0100% | 8h | 0.1455 | +0.069% | $3.8M | $857K | 50x | as long as short |
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1455 | +0.069% | $1.8M | $1.8M | 50x | as long as short |
| Bitget APEUSDT | +0.0100% | 8h | 0.1459 | +0.344% | $2.1M | $544K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1456 | +0.138% | — | $13.4M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1455 | +0.080% | $7K | $12K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1456 | +0.125% | $4K | $220K | 10x | as long as short |
| Kraken Futures PF_APEUSD | +0.0156% | 1h | 0.1457 | +0.181% | $409K | $571K | 20x | as long as short |
| Deribit APE_USDC-PERPETUAL | +0.0437% | 1h | 0.1456 | +0.138% | $11K | $18K | 25x | as long as short |
| Coinbase International APE-PERP-INTX | +0.0648% | 1h | 0.1460 | +0.413% | $98K | $7K | 25x | as long as short |
Gate APE_USDT
MEXC APE_USDT
KuCoin APEUSDTM
Bitget APEUSDT
BingX APE-USDT
Variational Omni APE
Extended APE-USD
Kraken Futures PF_APEUSD
Deribit APE_USDC-PERPETUAL
Coinbase International APE-PERP-INTX