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

APE

all APE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0804%/8h= +88.0% APRpaid last 24h +0.183%
Price spread now: Coinbase International against Gate+0.331%7-day average · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$1031.033% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.652%+$65 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Coinbase International is 0.331% dearer against Gate than usual: you sell high and buy low: +$33 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate APE_USDT0.14790.0100pay 0.0100% / 8h6h 32m$636K$309K50x
ShortCoinbase International APE-PERP-INTX0.14840.0904get 0.0113% / 1h32m 52s$100K$8K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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
$168.84
Price spread: +0.331% → 0.000%
$33.13
Slippage, 4 orders
−$78.28
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$98.69
Costs to cover
1.033%
Break-even
2.9 days
Slippage from Gate: live order book, 34 min ago; Coinbase International: live order book, 31 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 Gate live order book, 34 min ago11.46 bp20.9 bp −$2192.7 bp −$927doesn't fitdoesn't fit
Sell Coinbase International live order book, 31 min ago13.51 bp38.6 bp −$39doesn't fitdoesn't fitdoesn't fit

APE on 19 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−0.0224%1h0.1477−0.139%$411K$607K20xas long as short
GMX APE/USD [APE-USDC]L −0.0178% / S +0.0185%1h0.1477−0.170%$1K100xas long as short
Reya APERUSDPERP0.0000%1h0.1235−16.501%as long as short
Deribit APE_USDC-PERPETUAL0.0000%1h0.1477−0.142%$11K$18K25xas long as short
dYdX APE-USD+0.0007%1h0.1480+0.053%$9K$55xas long as short
Injective APE/USDC PERP+0.0033%1h0.1378−6.835%$1K$12K5.5xas long as short
Hyperliquid APE+0.0100%1h0.1478−0.081%$1.3M$378K5xas long as short
Aster APEUSDT+0.0100%8h0.1478−0.046%$123K$22K10xas long as short
Binance APEUSDT+0.0100%8h0.1478−0.074%$4.1M$6.6M50xas long as short
Bybit APEUSDT+0.0100%8h0.1478−0.081%$3.7M$3.0M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX APE-USDT-SWAP+0.0100%8h0.1479−0.007%$1.3M$1.4M20xas long as short
Gate APE_USDTlong+0.0100%8h0.1479long leg$636K$309K50x
MEXC APE_USDT+0.0100%8h0.1477−0.142%$4.3M$884K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.1478−0.074%$1.8M$2.5M50xas long as short
Bitget APEUSDT+0.0100%8h0.1478−0.074%$2.1M$573K25xas long as short
BingX APE-USDT+0.0100%8h0.1478−0.074%$13.1Mas long as short
Variational Omni APE+0.0100%8h0.1481+0.143%$8K$12Kas long as short
Extended APE-USD+0.0104%1h0.1477−0.168%$4K$204K10xas long as short
Coinbase International APE-PERP-INTXshort+0.0904%1h0.1484+0.331%$100K$8K25x