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

APE

all APE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.1004%/8h= −109.9% APRnext payment $1.26 per $10,000 · paid last 24h −0.207%
Price spread now: Hyperliquid against Coinbase International−0.136%7-day average −0.312% · you buy dearer than you sell
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−0.735%−$73 on $10k
Price spread, last 4 days (all we have)−0.266%−$27 · spread now −0.136%, 7d avg −0.312%
Together, before fees−1.001%+ Points / potential airdropHyperliquid: Season 2 · farm board−$100 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.176% dearer against Coinbase International than usual: you sell high and buy low (spread −0.136% now, against its 7-day average of −0.312%): +$18 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.735% in total) that is about 40 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International APE-PERP-INTX0.14710.1104pay 0.0138% / 1h23m 16s$99K$8K25x
ShortHyperliquid APE0.14690.0100get 0.0013% / 1h23m 16s$1.3M$370K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Coinbase International. 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
−$210.84
Price spread: −0.136% → −0.312%
$17.57
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$212.27
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Coinbase International: live order book, 55 min ago; Hyperliquid: live order book, 7 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 Coinbase International live order book, 55 min ago17.05 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 7 min ago1.71 bp20.7 bp −$21doesn'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%1h0.1468−0.225%$1K100xas long as short
dYdX APE-USD0.0000%1h0.1462−0.631%$9K5xas long as short
Reya APERUSDPERP0.0000%1h0.1235−16.041%as long as short
Injective APE/USDC PERP+0.0033%1h0.1378−6.322%$1K$12K5.5xas long as short
BloFin APE-USDT+0.0071%8h0.1465−0.408%$217K$59K75xas long as short
Hyperliquid APEshort+0.0100%1h0.1469−0.136%$1.3M$370K5x
Aster APEUSDT+0.0100%8h0.1468−0.203%$122K$20K10xas long as short
Binance APEUSDT+0.0100%8h0.1468−0.204%$4.1M$7.2M50xas long as short
Bybit APEUSDT+0.0100%8h0.1468−0.197%$3.6M$2.9M50xas long as short
OKX APE-USDT-SWAP+0.0100%8h0.1470−0.068%$1.3M$1.5M20xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate APE_USDT+0.0100%8h0.1466−0.333%$634K$308K50xas long as short
MEXC APE_USDT+0.0100%8h0.1468−0.204%$4.2M$763K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.1467−0.272%$1.8M$4.2M50xas long as short
Bitget APEUSDT+0.0100%8h0.1470−0.068%$2.1M$606K25xas long as short
BingX APE-USDT+0.0100%8h0.1468−0.204%$13.0Mas long as short
Variational Omni APE+0.0100%8h0.1458−0.903%$5K$14Kas long as short
Extended APE-USD+0.0104%1h0.1468−0.233%$4K$208K10xas long as short
Kraken Futures PF_APEUSD+0.0355%1h0.1469−0.119%$403K$691K20xas long as short
Deribit APE_USDC-PERPETUAL+0.0431%1h0.1469−0.136%$5K$24K25xas long as short
Coinbase International APE-PERP-INTXlong+0.1104%1h0.1471long leg$99K$8K25x