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 BingX+0.260%7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$870.869% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 7 days−0.138%−$14 · spread now +0.260%, 7d avg +0.091%
Together, before fees−0.137%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 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 0.169% dearer against BingX than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.091%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX APE-USDT0.14600.0100pay 0.0100% / 8h4h 48m$13.1M
ShortHyperliquid APE0.14640.0100get 0.0013% / 1h48m 45s$1.3M$362K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$0
Price spread: +0.260% → +0.091%
$16.9
Slippage, 4 orders
−$67.89
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$69.99
Costs to cover
0.869%
Break-even
never at this rate
Slippage from BingX: live order book, 4 min ago; Hyperliquid: live order book, 2 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, 4 min ago10.22 bp24.8 bp −$2581.0 bp −$810481.7 bp −$48.2Kdoesn't fit
Sell Hyperliquid live order book, 2 min ago1.71 bp22.5 bp −$23doesn'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%1h0.1460+0.012%$1K100xas long as short
dYdX APE-USD0.0000%1h0.1461+0.066%$9K$55xas long as short
Reya APERUSDPERP0.0000%1h0.1235−15.409%as long as short
Deribit APE_USDC-PERPETUAL0.0000%1h0.14600.000%$11K$18K25xas long as short
Kraken Futures PF_APEUSD+0.0011%1h0.1463+0.222%$403K$613K20xas long as short
Injective APE/USDC PERP+0.0033%1h0.1378−5.616%$1K$12K5.5xas long as short
Hyperliquid APEshort+0.0100%1h0.1464+0.260%$1.3M$362K5x
Aster APEUSDT+0.0100%8h0.1460+0.032%$121K$21K10xas long as short
Binance APEUSDT+0.0100%8h0.1461+0.084%$4.1M$6.6M50xas long as short
Bybit APEUSDT+0.0100%8h0.1461+0.034%$3.6M$3.0M50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX APE-USDT-SWAP+0.0100%8h0.1461+0.089%$1.2M$1.4M20xas long as short
Gate APE_USDT+0.0100%8h0.1461+0.062%$628K$303K50xas long as short
MEXC APE_USDT+0.0100%8h0.14600.000%$4.4M$865K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.14600.000%$1.8M$2.9M50xas long as short
Bitget APEUSDT+0.0100%8h0.1461+0.068%$2.1M$545K25xas long as short
BingX APE-USDTlong+0.0100%8h0.1460long leg$13.1M
Variational Omni APE+0.0100%8h0.1464+0.284%$7K$12Kas long as short
Extended APE-USD+0.0104%1h0.1460+0.008%$4K$206K10xas long as short
BloFin APE-USDT+0.0112%8h0.1463+0.205%$219K$57K75xas long as short
Coinbase International APE-PERP-INTX+0.0856%1h0.1483+1.575%$100K$7K25xas long as short