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

APE

all APE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Bitget−0.014%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$960.960% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.020%−$2 on $10k
Price spread, last 7 days−0.198%−$20 · spread now −0.014%, 7d avg −0.055%
Together, before fees−0.219%−$22 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: Bybit is 0.042% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.055%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget APEUSDT0.14670.0100pay 0.0100% / 8h51m 56s$2.1M$539K25x
ShortBybit APEUSDT0.14670.0100get 0.0100% / 8h51m 56s$3.6M$2.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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: −0.014% → −0.055%
$4.15
Slippage, 4 orders
−$73
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$91.85
Costs to cover
0.960%
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; Bybit: 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 Bitget live order book, 5 min ago6.83 bp19.4 bp −$19128.2 bp −$1,282doesn't fitdoesn't fit
Sell Bybit live order book, 6 min ago1.37 bp26.5 bp −$2653.7 bp −$537doesn'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%1h0.1467−0.015%$1K100xas long as short
Kraken Futures PF_APEUSD−0.0178%1h0.1467+0.001%$409K$576K20xas long as short
dYdX APE-USD0.0000%1h0.1467+0.018%$9K$55xas long as short
Reya APERUSDPERP0.0000%1h0.1235−15.816%as long as short
Deribit APE_USDC-PERPETUAL0.0000%1h0.14670.000%$11K$18K25xas long as short
Injective APE/USDC PERP+0.0033%1h0.1378−6.067%$1K$12K5.5xas long as short
Hyperliquid APE+0.0100%1h0.1469+0.157%$1.3M$368K5xas long as short
Aster APEUSDT+0.0100%8h0.1467+0.026%$122K$22K10xas long as short
Binance APEUSDT+0.0100%8h0.1466−0.068%$4.1M$6.2M50xas long as short
Bybit APEUSDTshort+0.0100%8h0.1467−0.014%$3.6M$2.6M50x
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX APE-USDT-SWAP+0.0100%8h0.1467+0.020%$1.3M$1.3M20xas long as short
Gate APE_USDT+0.0100%8h0.1468+0.041%$633K$291K50xas long as short
MEXC APE_USDT+0.0100%8h0.1466−0.068%$4.1M$922K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.1466−0.068%$1.8M$2.0M50xas long as short
Bitget APEUSDTlong+0.0100%8h0.1467long leg$2.1M$539K25x
BingX APE-USDT+0.0100%8h0.1468+0.068%$13.4Mas long as short
Variational Omni APE+0.0100%8h0.1463−0.255%$7K$12Kas long as short
Extended APE-USD+0.0104%1h0.1466−0.088%$4K$219K10xas long as short
BloFin APE-USDT+0.0115%8h0.1468+0.068%$221K$48K75xas long as short
Coinbase International APE-PERP-INTX+0.0776%1h0.1470+0.204%$99K$7K25xas long as short