Funding arb · Price arb /

APE

all APE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0740%/8h= +81.0% APRpaid last 24h +0.183%

Price spread now: Coinbase International against KuCoin+0.136%51s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.617%+$62 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Coinbase International is 0.136% dearer against KuCoin than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin APEUSDTM	0.1468	0.0100	pay 0.0100% / 8h	7h 58m	$1.8M	$2.2M	50x
Short	Coinbase International APE-PERP-INTX	0.1470	0.0840	get 0.0105% / 1h	58m 22s	$99K	$7K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against KuCoin. 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

Position, each leg$Hold fordaysFee KuCoinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.136%Rate

Funding earned: $155.4
Price spread: +0.136% → 0.000%: $13.62
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $147.02
Costs to cover: 0.220%
Break-even: 0.4 days

Slippage unknown: KuCoin: live order book, 8 min ago; Coinbase International: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 8 min ago	6.86 bp	48.1 bp −$48	157.5 bp −$1,575	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

APE on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_APEUSD	−0.0212%	1h	0.1468	−0.021%	$410K	$585K	20x	as long as short
GMX APE/USD [APE-USDC]	L −0.0178% / S +0.0185%	1h	0.1469	+0.050%	$1K	—	100x	as long as short
dYdX APE-USD	0.0000%	1h	0.1467	−0.097%	$9K	$5	5x	as long as short
Reya APERUSDPERP	0.0000%	1h	0.1235	−15.875%	—	—	—	as long as short
Deribit APE_USDC-PERPETUAL	0.0000%	1h	0.1467	−0.068%	$11K	$18K	25x	as long as short
Injective APE/USDC PERP	+0.0033%	1h	0.1378	−6.131%	$1K	$12K	5.5x	as long as short
Hyperliquid APE	+0.0100%	1h	0.1471	+0.232%	$1.3M	$375K	5x	as long as short
Aster APEUSDT	+0.0100%	8h	0.1469	+0.072%	$122K	$22K	10x	as long as short
Binance APEUSDT	+0.0100%	8h	0.1469	+0.068%	$4.1M	$6.2M	50x	as long as short
Bybit APEUSDT	+0.0100%	8h	0.1469	+0.054%	$3.6M	$2.7M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX APE-USDT-SWAP	+0.0100%	8h	0.1468	+0.014%	$1.3M	$1.4M	20x	as long as short
Gate APE_USDT	+0.0100%	8h	0.1468	+0.007%	$637K	$288K	50x	as long as short
MEXC APE_USDT	+0.0100%	8h	0.1468	0.000%	$4.1M	$924K	50x	as long as short
KuCoin APEUSDTMlong	+0.0100%	8h	0.1468	long leg	$1.8M	$2.2M	50x
Bitget APEUSDT	+0.0100%	8h	0.1470	+0.136%	$2.1M	$552K	25x	as long as short
BingX APE-USDT	+0.0100%	8h	0.1469	+0.068%	—	$13.0M	—	as long as short
Variational Omni APE	+0.0100%	8h	0.1464	−0.269%	$7K	$12K	—	as long as short
BloFin APE-USDT	+0.0101%	8h	0.1466	−0.136%	$219K	$48K	75x	as long as short
Extended APE-USD	+0.0104%	1h	0.1469	+0.048%	$4K	$216K	10x	as long as short
Coinbase International APE-PERP-INTXshort	+0.0840%	1h	0.1470	+0.136%	$99K	$7K	25x