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

APE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0740%/8h= −81.0% APRpaid last 24h −0.180%
Price spread now: OKX against Coinbase International−0.121%7-day average · 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−0.696%−$70 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and OKX is 0.121% cheaper against Coinbase International than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International APE-PERP-INTX0.14860.0840pay 0.0105% / 1h13m 23s$100K$7K25x
ShortOKX APE-USDT-SWAP0.14840.0100get 0.0100% / 8h7h 13m$1.3M$1.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
−$155.4
Price spread: −0.121% → 0.000%
−$12.11
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$187.51
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Coinbase International: no order-book sample; OKX: live order book, 3 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 no order-book sample
Sell OKX live order book, 3 min ago1.36 bp37.6 bp −$38doesn't fitdoesn't fitdoesn't fit
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_APEUSD−0.0209%1h0.1484−0.137%$413K$593K20xas long as short
GMX APE/USD [APE-USDC]L −0.0178% / S +0.0185%1h0.1485−0.100%$1K100xas long as short
Reya APERUSDPERP0.0000%1h0.1235−16.892%as long as short
Injective APE/USDC PERP+0.0033%1h0.1378−7.268%$1K$12K5.5xas long as short
dYdX APE-USD+0.0041%1h0.1481−0.346%$9K$55xas long as short
Hyperliquid APE+0.0100%1h0.1486+0.027%$1.3M$374K5xas long as short
Aster APEUSDT+0.0100%8h0.1481−0.326%$123K$22K10xas long as short
Binance APEUSDT+0.0100%8h0.1485−0.048%$4.2M$6.3M50xas long as short
Bybit APEUSDT+0.0100%8h0.1485−0.094%$3.6M$2.9M50xas long as short
OKX APE-USDT-SWAPshort+0.0100%8h0.1484−0.121%$1.3M$1.4M20x
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate APE_USDT+0.0100%8h0.1485−0.061%$634K$301K50xas long as short
MEXC APE_USDT+0.0100%8h0.1483−0.202%$4.4M$961K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.1483−0.202%$1.8M$2.3M50xas long as short
Bitget APEUSDT+0.0100%8h0.1485−0.067%$2.1M$547K25xas long as short
BingX APE-USDT+0.0100%8h0.1485−0.067%$13.2Mas long as short
Variational Omni APE+0.0100%8h0.1468−1.210%$7K$12Kas long as short
Extended APE-USD+0.0104%1h0.1485−0.089%$5K$206K10xas long as short
BloFin APE-USDT+0.0106%8h0.1478−0.538%$221K$50K75xas long as short
Deribit APE_USDC-PERPETUAL+0.0424%1h0.1485−0.067%$11K$18K25xas long as short
Coinbase International APE-PERP-INTXlong+0.0840%1h0.1486long leg$100K$7K25x