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

APE

all APE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0756%/8h= +82.8% APRpaid last 24h +0.188%
Price spread now: Coinbase International against BingX+0.475%7-day average · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$930.929% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.650%+$65 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Coinbase International is 0.475% dearer against BingX than usual: you sell high and buy low: +$48 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX APE-USDT0.14730.0100pay 0.0100% / 8h4h 23m$13.1M
ShortCoinbase International APE-PERP-INTX0.14800.0856get 0.0107% / 1h23m 04s$100K$8K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against BingX. 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
$158.76
Price spread: +0.475% → 0.000%
$47.52
Slippage, 4 orders
−$72.86
Fee BingX: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$113.43
Costs to cover
0.929%
Break-even
2.0 days
Slippage from BingX: live order book, 15 min ago; Coinbase International: live order book, 55 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 BingX live order book, 15 min ago6.85 bp21.1 bp −$2173.2 bp −$732426.3 bp −$42.6Kdoesn't fit
Sell Coinbase International live order book, 55 min ago16.81 bp28.5 bp −$28doesn'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%1h0.1473−0.018%$1K100xas long as short
Reya APERUSDPERP0.0000%1h0.1235−16.157%as long as short
dYdX APE-USD+0.0007%1h0.1473+0.024%$9K$55xas long as short
Kraken Futures PF_APEUSD+0.0011%1h0.1476+0.234%$408K$615K20xas long as short
Injective APE/USDC PERP+0.0033%1h0.1378−6.449%$1K$12K5.5xas long as short
BloFin APE-USDT+0.0080%8h0.1475+0.136%$217K$58K75xas long as short
Hyperliquid APE+0.0100%1h0.1476+0.210%$1.3M$362K5xas long as short
Aster APEUSDT+0.0100%8h0.1474+0.044%$123K$22K10xas long as short
Binance APEUSDT+0.0100%8h0.1474+0.042%$4.1M$6.6M50xas long as short
Bybit APEUSDT+0.0100%8h0.1473+0.020%$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+0.007%$1.3M$1.4M20xas long as short
Gate APE_USDT+0.0100%8h0.1473−0.007%$636K$306K50xas long as short
MEXC APE_USDT+0.0100%8h0.14730.000%$4.4M$867K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.14730.000%$1.8M$3.1M50xas long as short
Bitget APEUSDT+0.0100%8h0.14730.000%$2.1M$560K25xas long as short
BingX APE-USDTlong+0.0100%8h0.1473long leg$13.1M
Variational Omni APE+0.0100%8h0.1471−0.110%$7K$12Kas long as short
Extended APE-USD+0.0104%1h0.1473+0.016%$8K$208K10xas long as short
Deribit APE_USDC-PERPETUAL+0.0429%1h0.1474+0.068%$11K$18K25xas long as short
Coinbase International APE-PERP-INTXshort+0.0856%1h0.1480+0.475%$100K$8K25x