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: Bitget against Hyperliquid−0.109%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$850.853% 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+0.098%+$10 · spread now −0.109%, 7d avg −0.061%
Together, before fees+0.097%+ Points / potential airdropHyperliquid: Season 2 · farm board+$10 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: Bitget is 0.048% cheaper against Hyperliquid than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.061%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid APE0.14700.0100pay 0.0013% / 1h58m 17s$1.3M$364K5x
ShortBitget APEUSDT0.14680.0100get 0.0100% / 8h4h 58m$2.1M$547K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: −0.109% → −0.061%
−$4.77
Slippage, 4 orders
−$64.3
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$90.07
Costs to cover
0.853%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 2 min ago; Bitget: live order book, 4 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, 2 min ago1.02 bp14.3 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago3.40 bp26.8 bp −$27134.6 bp −$1,346doesn'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%1h0.1466−0.233%$1K100xas long as short
dYdX APE-USD0.0000%1h0.1468−0.109%$9K$55xas long as short
Reya APERUSDPERP0.0000%1h0.1235−15.964%as long as short
Deribit APE_USDC-PERPETUAL0.0000%1h0.1466−0.245%$11K$18K25xas long as short
Kraken Futures PF_APEUSD+0.0011%1h0.1466−0.221%$404K$611K20xas long as short
Injective APE/USDC PERP+0.0033%1h0.1378−6.233%$1K$12K5.5xas long as short
Hyperliquid APElong+0.0100%1h0.1470long leg$1.3M$364K5x
Aster APEUSDT+0.0100%8h0.1468−0.135%$122K$21K10xas long as short
Binance APEUSDT+0.0100%8h0.1466−0.225%$4.1M$6.6M50xas long as short
Bybit APEUSDT+0.0100%8h0.1466−0.252%$3.6M$3.0M50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX APE-USDT-SWAP+0.0100%8h0.1465−0.313%$1.3M$1.4M20xas long as short
Gate APE_USDT+0.0100%8h0.1467−0.177%$631K$302K50xas long as short
MEXC APE_USDT+0.0100%8h0.1467−0.177%$4.4M$860K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.1467−0.177%$1.8M$2.9M50xas long as short
Bitget APEUSDTshort+0.0100%8h0.1468−0.109%$2.1M$547K25x
BingX APE-USDT+0.0100%8h0.1467−0.177%$13.1Mas long as short
Variational Omni APE+0.0100%8h0.1468−0.119%$7K$12Kas long as short
Extended APE-USD+0.0104%1h0.1467−0.174%$4K$206K10xas long as short
BloFin APE-USDT+0.0220%8h0.1466−0.245%$220K$56K75xas long as short
Coinbase International APE-PERP-INTX+0.0856%1h0.1483+0.912%$100K$7K25xas long as short