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

APE

all APE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: BingX against Hyperliquid−0.163%7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$820.823% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.001%$0 on $10k
Price spread, last 7 days+0.061%+$6 · spread now −0.163%, 7d avg −0.091%
Together, before fees+0.060%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.072% cheaper against Hyperliquid than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.091%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid APE0.14720.0100pay 0.0013% / 1h56m 55s$1.3M$364K5x
ShortBingX APE-USDT0.14700.0100get 0.0100% / 8h4h 56m$13.1M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Hyperliquid. 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
$0
Price spread: −0.163% → −0.091%
−$7.25
Slippage, 4 orders
−$63.29
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$89.54
Costs to cover
0.823%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; BingX: live order book, 11 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 Hyperliquid live order book, 4 min ago1.02 bp14.3 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 11 min ago10.19 bp15.7 bp −$1664.4 bp −$644367.1 bp −$36.7Kdoesn'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%1h0.1468−0.276%$1K100xas long as short
dYdX APE-USD0.0000%1h0.1465−0.479%$9K$55xas long as short
Reya APERUSDPERP0.0000%1h0.1235−16.124%as long as short
Kraken Futures PF_APEUSD+0.0011%1h0.1470−0.149%$405K$611K20xas long as short
Injective APE/USDC PERP+0.0033%1h0.1378−6.411%$1K$12K5.5xas long as short
BloFin APE-USDT+0.0093%8h0.1467−0.367%$220K$57K75xas long as short
Hyperliquid APElong+0.0100%1h0.1472long leg$1.3M$364K5x
Aster APEUSDT+0.0100%8h0.1470−0.179%$122K$21K10xas long as short
Binance APEUSDT+0.0100%8h0.1471−0.122%$4.1M$6.6M50xas long as short
Bybit APEUSDT+0.0100%8h0.1470−0.190%$3.6M$3.0M50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX APE-USDT-SWAP+0.0100%8h0.1470−0.163%$1.3M$1.4M20xas long as short
Gate APE_USDT+0.0100%8h0.1469−0.224%$632K$303K50xas long as short
MEXC APE_USDT+0.0100%8h0.1469−0.231%$4.4M$861K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.1468−0.299%$1.8M$2.9M50xas long as short
Bitget APEUSDT+0.0100%8h0.1470−0.163%$2.1M$547K25xas long as short
BingX APE-USDTshort+0.0100%8h0.1470−0.163%$13.1M
Variational Omni APE+0.0100%8h0.1468−0.309%$7K$12Kas long as short
Extended APE-USD+0.0104%1h0.1470−0.157%$4K$206K10xas long as short
Deribit APE_USDC-PERPETUAL+0.0431%1h0.1470−0.163%$11K$18K25xas long as short
Coinbase International APE-PERP-INTX+0.0856%1h0.1483+0.720%$100K$7K25xas long as short