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

APE

all APE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Extended against Hyperliquid−0.158%7-day average −0.128% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$950.953% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.094%−$9 on $10k
Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.158%, 7d avg −0.128%
Together, before fees−0.102%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · 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: Extended is 0.030% cheaper against Hyperliquid than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.128%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid APE0.14740.0100pay 0.0013% / 1h11m 52s$1.3M$378K5x
ShortExtended APE-USD0.14710.0104get 0.0013% / 1h11m 52s$4K$202K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: −0.158% → −0.128%
−$3
Slippage, 4 orders
−$81.29
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$97.45
Costs to cover
0.953%
Break-even
819.1 days
Slippage from Hyperliquid: live order book, 9 min ago; Extended: live order book, 55 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, 9 min ago1.69 bp16.3 bp −$16doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 55 min ago5.73 bp30.3 bp −$30183.7 bp −$1,837doesn'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%1h0.1472−0.102%$408K$610K20xas long as short
GMX APE/USD [APE-USDC]L −0.0178% / S +0.0185%1h0.1471−0.196%$1K100xas long as short
Reya APERUSDPERP0.0000%1h0.1235−16.192%as long as short
Deribit APE_USDC-PERPETUAL0.0000%1h0.1471−0.176%$11K$18K25xas long as short
dYdX APE-USD+0.0014%1h0.1470−0.216%$9K$55xas long as short
Injective APE/USDC PERP+0.0033%1h0.1378−6.488%$1K$12K5.5xas long as short
Hyperliquid APElong+0.0100%1h0.1474long leg$1.3M$378K5x
Aster APEUSDT+0.0100%8h0.1471−0.153%$122K$22K10xas long as short
Binance APEUSDT+0.0100%8h0.1472−0.104%$4.1M$6.6M50xas long as short
Bybit APEUSDT+0.0100%8h0.1472−0.115%$3.6M$3.0M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX APE-USDT-SWAP+0.0100%8h0.1472−0.081%$1.3M$1.4M20xas long as short
Gate APE_USDT+0.0100%8h0.1472−0.102%$633K$310K50xas long as short
MEXC APE_USDT+0.0100%8h0.1473−0.041%$4.4M$900K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.1472−0.109%$1.8M$2.6M50xas long as short
Bitget APEUSDT+0.0100%8h0.1472−0.109%$2.1M$571K25xas long as short
BingX APE-USDT+0.0100%8h0.1472−0.109%$13.1Mas long as short
Variational Omni APE+0.0100%8h0.1471−0.161%$8K$12Kas long as short
Extended APE-USDshort+0.0104%1h0.1471−0.158%$4K$202K10x
Coinbase International APE-PERP-INTX+0.0904%1h0.1472−0.109%$99K$7K25xas long as short