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: Hyperliquid against KuCoin+0.197%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as 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−0.198%−$20 · spread now +0.197%, 7d avg +0.082%
Together, before fees−0.187%+ Points / potential airdropHyperliquid: Season 2 · farm board−$19 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: Hyperliquid is 0.115% dearer against KuCoin than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.082%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin APEUSDTM0.14710.0100pay 0.0100% / 8h6h 07m$1.8M$2.6M50x
ShortHyperliquid APE0.14740.0100get 0.0013% / 1h7m 20s$1.3M$373K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.197% → +0.082%
$11.51
Slippage, 4 orders
−$118.31
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$127.8
Costs to cover
1.393%
Break-even
never at this rate
Slippage from KuCoin: live order book, 5 min ago; Hyperliquid: live order book, 3 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 KuCoin live order book, 5 min ago6.80 bp50.1 bp −$50143.5 bp −$1,435doesn't fitdoesn't fit
Sell Hyperliquid live order book, 3 min ago0.68 bp19.4 bp −$19doesn't fitdoesn'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%1h0.1473+0.135%$408K$603K20xas long as short
GMX APE/USD [APE-USDC]L −0.0178% / S +0.0185%1h0.1471−0.020%$1K100xas long as short
Reya APERUSDPERP0.0000%1h0.1235−16.045%as long as short
dYdX APE-USD+0.0013%1h0.1470−0.037%$9K$55xas long as short
Injective APE/USDC PERP+0.0033%1h0.1378−6.322%$1K$12K5.5xas long as short
Hyperliquid APEshort+0.0100%1h0.1474+0.197%$1.3M$373K5x
Aster APEUSDT+0.0100%8h0.1471−0.016%$122K$22K10xas long as short
Binance APEUSDT+0.0100%8h0.14710.000%$4.1M$6.5M50xas long as short
Bybit APEUSDT+0.0100%8h0.14710.000%$3.6M$3.0M50xas long as short
OKX APE-USDT-SWAP+0.0100%8h0.1472+0.034%$1.3M$1.4M20xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate APE_USDT+0.0100%8h0.1471+0.007%$633K$311K50xas long as short
MEXC APE_USDT+0.0100%8h0.14710.000%$4.3M$901K50xas long as short
KuCoin APEUSDTMlong+0.0100%8h0.1471long leg$1.8M$2.6M50x
Bitget APEUSDT+0.0100%8h0.14710.000%$2.1M$562K25xas long as short
BingX APE-USDT+0.0100%8h0.14710.000%$13.1Mas long as short
Variational Omni APE+0.0100%8h0.1471−0.014%$7K$12Kas long as short
Extended APE-USD+0.0104%1h0.1471−0.023%$4K$202K10xas long as short
Deribit APE_USDC-PERPETUAL+0.0430%1h0.1472+0.068%$11K$18K25xas long as short
Coinbase International APE-PERP-INTX+0.0904%1h0.1474+0.204%$99K$7K25xas long as short