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

APE

all APE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Hyperliquid against OKX+0.238%7-day average +0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$900.899% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.082%+$8 on $10k
Price spread, last 7 days−0.123%−$12 · spread now +0.238%, 7d avg +0.093%
Together, before fees−0.041%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 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 0.145% dearer against OKX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.093%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX APE-USDT-SWAP0.14710.0100pay 0.0100% / 8h4h 54m$1.3M$1.4M20x
ShortHyperliquid APE0.14740.0100get 0.0013% / 1h54m 31s$1.3M$361K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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: +0.238% → +0.093%
$14.48
Slippage, 4 orders
−$70.85
Fee OKX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$75.37
Costs to cover
0.899%
Break-even
never at this rate
Slippage from OKX: live order book, 2 min ago; Hyperliquid: live order book, 6 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 OKX live order book, 2 min ago3.06 bp25.6 bp −$26doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 6 min ago1.02 bp26.0 bp −$26doesn'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%1h0.1471−0.001%$1K100xas long as short
dYdX APE-USD0.0000%1h0.1471−0.019%$9K$55xas long as short
Reya APERUSDPERP0.0000%1h0.1235−16.034%as long as short
Deribit APE_USDC-PERPETUAL0.0000%1h0.1471+0.014%$11K$18K25xas long as short
Kraken Futures PF_APEUSD+0.0011%1h0.1472+0.063%$406K$612K20xas long as short
Injective APE/USDC PERP+0.0033%1h0.1378−6.309%$1K$12K5.5xas long as short
Hyperliquid APEshort+0.0100%1h0.1474+0.238%$1.3M$361K5x
Aster APEUSDT+0.0100%8h0.1471+0.009%$122K$21K10xas long as short
Binance APEUSDT+0.0100%8h0.1471+0.014%$4.1M$6.6M50xas long as short
Bybit APEUSDT+0.0100%8h0.1471+0.027%$3.6M$3.0M50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX APE-USDT-SWAPlong+0.0100%8h0.1471long leg$1.3M$1.4M20x
Gate APE_USDT+0.0100%8h0.1471+0.007%$633K$303K50xas long as short
MEXC APE_USDT+0.0100%8h0.1471+0.014%$4.4M$862K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.1471+0.014%$1.8M$2.9M50xas long as short
Bitget APEUSDT+0.0100%8h0.1471+0.014%$2.1M$544K25xas long as short
BingX APE-USDT+0.0100%8h0.1471+0.014%$13.1Mas long as short
Variational Omni APE+0.0100%8h0.1472+0.048%$7K$12Kas long as short
Extended APE-USD+0.0104%1h0.1471−0.010%$4K$206K10xas long as short
BloFin APE-USDT+0.0133%8h0.1472+0.082%$222K$57K75xas long as short
Coinbase International APE-PERP-INTX+0.0856%1h0.1483+0.829%$100K$7K25xas long as short