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

APE

all APE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0756%/8h= +82.8% APRnext payment +$0.95 per $10,000 · paid last 24h +0.184%
Price spread now: Coinbase International against Hyperliquid+0.638%49s7-day average · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$910.906% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.635%+$63 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Coinbase International is 0.638% dearer against Hyperliquid than usual: you sell high and buy low: +$64 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid APE0.14740.0100pay 0.0013% / 1h56m 29s$1.3M$364K5x
ShortCoinbase International APE-PERP-INTX0.14830.0856get 0.0107% / 1h56m 29s$100K$7K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$158.76
Price spread: +0.638% → 0.000%
$63.79
Slippage, 4 orders
−$71.55
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$132
Costs to cover
0.906%
Break-even
1.2 days
Slippage from Hyperliquid: live order book, 4 min ago; Coinbase International: live order book, 22 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 Coinbase International live order book, 22 min ago16.81 bp28.5 bp −$28doesn't fitdoesn'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%1h0.1468−0.358%$1K100xas long as short
dYdX APE-USD0.0000%1h0.1471−0.209%$9K$55xas long as short
Reya APERUSDPERP0.0000%1h0.1235−16.193%as long as short
Kraken Futures PF_APEUSD+0.0011%1h0.1470−0.230%$405K$611K20xas long as short
Injective APE/USDC PERP+0.0033%1h0.1378−6.488%$1K$12K5.5xas long as short
BloFin APE-USDT+0.0093%8h0.1467−0.448%$220K$57K75xas long as short
Hyperliquid APElong+0.0100%1h0.1474long leg$1.3M$364K5x
Aster APEUSDT+0.0100%8h0.1470−0.260%$122K$21K10xas long as short
Binance APEUSDT+0.0100%8h0.1472−0.141%$4.1M$6.6M50xas long as short
Bybit APEUSDT+0.0100%8h0.1472−0.115%$3.6M$3.0M50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX APE-USDT-SWAP+0.0100%8h0.1472−0.109%$1.3M$1.4M20xas long as short
Gate APE_USDT+0.0100%8h0.1469−0.305%$632K$303K50xas long as short
MEXC APE_USDT+0.0100%8h0.1471−0.176%$4.4M$861K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.1470−0.244%$1.8M$2.9M50xas long as short
Bitget APEUSDT+0.0100%8h0.1472−0.109%$2.1M$544K25xas long as short
BingX APE-USDT+0.0100%8h0.1470−0.244%$13.1Mas long as short
Variational Omni APE+0.0100%8h0.1468−0.390%$7K$12Kas long as short
Extended APE-USD+0.0104%1h0.1471−0.200%$4K$206K10xas long as short
Deribit APE_USDC-PERPETUAL+0.0431%1h0.1470−0.244%$11K$18K25xas long as short
Coinbase International APE-PERP-INTXshort+0.0856%1h0.1483+0.638%$100K$7K25x