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

APE

all APE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Hyperliquid against Binance+0.130%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$740.737% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.092%+$9 on $10k
Price spread, last 7 days−0.021%−$2 · spread now +0.130%, 7d avg +0.084%
Together, before fees+0.071%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 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 0.045% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.084%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance APEUSDT0.14670.0100pay 0.0100% / 8h7h 57m$4.1M$7.3M50x
ShortHyperliquid APE0.14690.0100get 0.0013% / 1h57m 50s$1.3M$375K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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: +0.130% → +0.084%
$4.54
Slippage, 4 orders
−$54.7
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$69.16
Costs to cover
0.737%
Break-even
never at this rate
Slippage from Binance: live order book, 11 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 Binance live order book, 11 min ago3.41 bp15.2 bp −$1585.0 bp −$850doesn't fitdoesn't fit
Sell Hyperliquid live order book, 3 min ago1.70 bp23.9 bp −$24doesn'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%1h0.1466−0.046%$1K100xas long as short
dYdX APE-USD0.0000%1h0.1467+0.020%$9K5xas long as short
Reya APERUSDPERP0.0000%1h0.1235−15.817%as long as short
Injective APE/USDC PERP+0.0033%1h0.1378−6.073%$1K$12K5.5xas long as short
BloFin APE-USDT+0.0094%8h0.1470+0.198%$216K$59K75xas long as short
Hyperliquid APEshort+0.0100%1h0.1469+0.130%$1.3M$375K5x
Aster APEUSDT+0.0100%8h0.1468+0.054%$122K$20K10xas long as short
Binance APEUSDTlong+0.0100%8h0.1467long leg$4.1M$7.3M50x
Bybit APEUSDT+0.0100%8h0.1467−0.034%$3.6M$2.9M50xas long as short
OKX APE-USDT-SWAP+0.0100%8h0.1467−0.007%$1.3M$1.5M20xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate APE_USDT+0.0100%8h0.14670.000%$635K$305K50xas long as short
MEXC APE_USDT+0.0100%8h0.1467−0.007%$4.2M$759K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.1468+0.061%$1.8M$4.1M50xas long as short
Bitget APEUSDT+0.0100%8h0.1467−0.007%$2.1M$610K25xas long as short
BingX APE-USDT+0.0100%8h0.1468+0.061%$13.0Mas long as short
Variational Omni APE+0.0100%8h0.1467−0.010%$5K$14Kas long as short
Extended APE-USD+0.0104%1h0.1467+0.027%$6K$208K10xas long as short
Kraken Futures PF_APEUSD+0.0356%1h0.1468+0.037%$400K$694K20xas long as short
Deribit APE_USDC-PERPETUAL+0.0432%1h0.1468+0.061%$5K$24K25xas long as short
Coinbase International APE-PERP-INTX+0.1104%1h0.1484+1.152%$100K$8K25xas long as short