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

APE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0936%/8h= −102.5% APRnext payment $1.17 per $10,000 · paid last 24h
Price spread now: Reya against Coinbase International−16.154%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 daysno history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Reya is 16.154% cheaper against Coinbase International than usual: you would sell low and buy high (−$1,615 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-INTX0.14730.0936pay 0.0117% / 1h20m 13s$99K$8K25x
ShortReya APERUSDPERP0.12350get 0.0000% / 1h20m 13s

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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
−$196.56
Price spread: −16.154% → 0.000%
−$1,615.44
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Reya: 3 bp × 2 orders
−$6
Net
−$1,828
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Coinbase International: live order book, 23 min ago; Reya: no order-book sample. 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, 23 min ago13.59 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Reya no order-book sample
Reya: 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
GMX APE/USD [APE-USDC]L −0.0178% / S +0.0185%1h0.1463−0.695%$1K100xas long as short
Reya APERUSDPERPshort0.0000%1h0.1235−16.154%
Kraken Futures PF_APEUSD+0.0027%1h0.1463−0.645%$399K$657K20xas long as short
Injective APE/USDC PERP+0.0033%1h0.1378−6.449%$1K$12K5.5xas long as short
dYdX APE-USD+0.0086%1h0.1459−0.968%$9K$55xas long as short
Aster APEUSDT+0.0100%8h0.1463−0.680%$122K$20K10xas long as short
Binance APEUSDT+0.0100%8h0.1463−0.679%$4.0M$7.1M50xas long as short
Bybit APEUSDT+0.0100%8h0.1463−0.672%$3.6M$3.1M50xas long as short
OKX APE-USDT-SWAP+0.0100%8h0.1463−0.659%$1.3M$1.5M20xas long as short
Gate APE_USDT+0.0100%8h0.1463−0.659%$632K$319K50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC APE_USDT+0.0100%8h0.1462−0.747%$4.2M$877K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.1462−0.747%$1.8M$3.6M50xas long as short
Bitget APEUSDT+0.0100%8h0.1463−0.679%$2.1M$611K25xas long as short
BingX APE-USDT+0.0100%8h0.1463−0.679%$13.1Mas long as short
Variational Omni APE+0.0100%8h0.1459−0.968%$7K$12Kas long as short
Extended APE-USD+0.0104%1h0.1464−0.636%$4K$208K10xas long as short
Hyperliquid APE+0.0117%1h0.1466−0.502%$1.3M$387K5xas long as short
BloFin APE-USDT+0.0120%8h0.1458−1.018%$215K$58K75xas long as short
Deribit APE_USDC-PERPETUAL+0.0434%1h0.1463−0.679%$9K$21K25xas long as short
Coinbase International APE-PERP-INTXlong+0.0936%1h0.1473long leg$99K$8K25x