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

APE

all APE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −0.003%
Price spread now: Hyperliquid against BloFin+0.169%7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$780.782% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.070%+$7 on $10k
Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.169%, 7d avg +0.087%
Together, before fees+0.028%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.081% dearer against BloFin than usual: you sell high and buy low (spread +0.169% now, against its 7-day average of +0.087%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.9 days. Mind the row above: over the last 7 days funding on this pair paid +0.070%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin APE-USDT0.14820.0192pay 0.0192% / 8h3h 33m$216K$58K75x
ShortHyperliquid APE0.14840.0100get 0.0013% / 1h33m 11s$1.3M$370K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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
−$19.32
Price spread: +0.169% → +0.087%
$8.12
Slippage, 4 orders
−$57.21
Fee BloFin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$89.4
Costs to cover
0.782%
Break-even
never at this rate
Slippage from BloFin: live order book, 49 min ago; Hyperliquid: live order book, 7 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 BloFin live order book, 49 min ago3.40 bp22.7 bp −$2354.8 bp −$548383.5 bp −$38.3Kdoesn't fit
Sell Hyperliquid live order book, 7 min ago1.69 bp18.3 bp −$18doesn'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
GMX APE/USD [APE-USDC]L −0.0178% / S +0.0185%1h0.1483+0.040%$1K100xas long as short
Reya APERUSDPERP0.0000%1h0.1235−16.664%as long as short
Injective APE/USDC PERP+0.0033%1h0.1378−7.018%$1K$12K5.5xas long as short
Hyperliquid APEshort+0.0100%1h0.1484+0.169%$1.3M$370K5x
Aster APEUSDT+0.0100%8h0.1483+0.054%$124K$22K10xas long as short
Binance APEUSDT+0.0100%8h0.1483+0.092%$4.1M$6.8M50xas long as short
Bybit APEUSDT+0.0100%8h0.1483+0.054%$3.7M$3.1M50xas long as short
OKX APE-USDT-SWAP+0.0100%8h0.1483+0.081%$1.3M$1.4M20xas long as short
Gate APE_USDT+0.0100%8h0.1484+0.135%$638K$310K50xas long as short
MEXC APE_USDT+0.0100%8h0.14820.000%$4.5M$868K50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin APEUSDTM+0.0100%8h0.1483+0.067%$1.8M$3.3M50xas long as short
Bitget APEUSDT+0.0100%8h0.1483+0.067%$2.1M$563K25xas long as short
BingX APE-USDT+0.0100%8h0.1483+0.067%$13.1Mas long as short
Variational Omni APE+0.0100%8h0.1486+0.286%$8K$12Kas long as short
Extended APE-USD+0.0104%1h0.1482+0.020%$4K$205K10xas long as short
dYdX APE-USD+0.0104%1h0.1484+0.152%$9K$55xas long as short
BloFin APE-USDTlong+0.0192%8h0.1482long leg$216K$58K75x
Deribit APE_USDC-PERPETUAL+0.0425%1h0.1483+0.067%$9K$21K25xas long as short
Coinbase International APE-PERP-INTX+0.0880%1h0.1486+0.270%$100K$8K25xas long as short
Kraken Futures PF_APEUSD+0.0979%1h0.1483+0.057%$403K$641K20xas long as short