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

APE

all APE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%
Price spread now: KuCoin against Hyperliquid−0.183%7-day average −0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1391.393% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.011%−$1 on $10k
Price spread, last 7 days+0.192%+$19 · spread now −0.183%, 7d avg −0.081%
Together, before fees+0.181%+ Points / potential airdropHyperliquid: Season 2 · farm board+$18 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: KuCoin is 0.102% cheaper against Hyperliquid than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.081%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid APE0.14740.0100pay 0.0013% / 1h53m 24s$1.3M$386K5x
ShortKuCoin APEUSDTM0.14710.0100get 0.0100% / 8h6h 53m$1.8M$2.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: −0.183% → −0.081%
−$10.21
Slippage, 4 orders
−$118.26
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$149.47
Costs to cover
1.393%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; KuCoin: live order book, 8 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, 7 min ago1.70 bp20.4 bp −$20doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 8 min ago6.80 bp55.2 bp −$55167.0 bp −$1,670doesn'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
Kraken Futures PF_APEUSD−0.0224%1h0.1475+0.058%$410K$609K20xas long as short
GMX APE/USD [APE-USDC]L −0.0178% / S +0.0185%1h0.1472−0.115%$1K100xas long as short
dYdX APE-USD0.0000%1h0.1472−0.100%$9K$55xas long as short
Reya APERUSDPERP0.0000%1h0.1235−16.197%as long as short
Deribit APE_USDC-PERPETUAL0.0000%1h0.1469−0.319%$11K$18K25xas long as short
Injective APE/USDC PERP+0.0033%1h0.1378−6.494%$1K$12K5.5xas long as short
Hyperliquid APElong+0.0100%1h0.1474long leg$1.3M$386K5x
Aster APEUSDT+0.0100%8h0.1472−0.089%$122K$22K10xas long as short
Binance APEUSDT+0.0100%8h0.1472−0.115%$4.1M$6.6M50xas long as short
Bybit APEUSDT+0.0100%8h0.1472−0.142%$3.6M$3.0M50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX APE-USDT-SWAP+0.0100%8h0.1473−0.047%$1.3M$1.4M20xas long as short
Gate APE_USDT+0.0100%8h0.1472−0.122%$633K$307K50xas long as short
MEXC APE_USDT+0.0100%8h0.1472−0.115%$4.2M$880K50xas long as short
KuCoin APEUSDTMshort+0.0100%8h0.1471−0.183%$1.8M$2.5M50x
Bitget APEUSDT+0.0100%8h0.1472−0.115%$2.1M$577K25xas long as short
BingX APE-USDT+0.0100%8h0.1471−0.183%$13.1Mas long as short
Variational Omni APE+0.0100%8h0.1464−0.630%$7K$12Kas long as short
Extended APE-USD+0.0104%1h0.1471−0.169%$4K$205K10xas long as short
BloFin APE-USDT+0.0117%8h0.1469−0.319%$221K$53K75xas long as short
Coinbase International APE-PERP-INTX+0.0904%1h0.1471−0.183%$99K$7K25xas long as short