Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.004%
Price spread now: Binance against BloFin−0.068%71s7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$740.738% of the position
Funding, last 7 days−0.023%−$2 on $10k
+Price spread, last 4 days (all we have)−0.227%−$23 · spread now −0.068%, 7d avg −0.008%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.060% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.008%). Swap the legs. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin APE-USDT | 0.1469 | 0.0220 | pay 0.0220% / 8h | 5h 06m | $221K | $57K | 75x |
| Short | Binance APEUSDT | 0.1468 | 0.0100 | get 0.0100% / 8h | 5h 06m | $4.1M | $6.6M | 50x |
BloFin APE-USDT
Binance APEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$25.2
- Price spread: −0.068% → −0.008%
- −$6.03
- Slippage, 4 orders
- −$51.83
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$105.06
- Costs to cover
- 0.738%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 26 min ago; Binance: live order book, 2 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BloFin live order book, 26 min ago | 10.12 bp | 16.1 bp −$16 | 32.3 bp −$323 | 322.4 bp −$32.2K | doesn't fit |
| Sell Binance live order book, 2 min ago | 3.40 bp | 13.8 bp −$14 | 69.9 bp −$699 | 1152.9 bp −$115.3K | doesn't fit |
APE on 20 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_APEUSD | −0.0179% | 1h | 0.1468 | −0.067% | $404K | $611K | 20x | as long as short |
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1468 | −0.095% | $1K | — | 100x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −15.929% | — | — | — | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −6.195% | $1K | $12K | 5.5x | as long as short |
| dYdX APE-USD | +0.0063% | 1h | 0.1470 | +0.045% | $9K | $5 | 5x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1470 | +0.088% | $1.3M | $363K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1468 | −0.066% | $122K | $21K | 10x | as long as short |
| Binance APEUSDTshort | +0.0100% | 8h | 0.1468 | −0.068% | $4.1M | $6.6M | 50x | |
| Bybit APEUSDT | +0.0100% | 8h | 0.1467 | −0.157% | $3.6M | $3.0M | 50x | as long as short |
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1467 | −0.157% | $1.3M | $1.4M | 20x | as long as short |
Kraken Futures PF_APEUSD
GMX APE/USD [APE-USDC]
Reya APERUSDPERP
Injective APE/USDC PERP
dYdX APE-USD
Hyperliquid APE
Aster APEUSDT
Bybit APEUSDT
OKX APE-USDT-SWAPShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate APE_USDT | +0.0100% | 8h | 0.1467 | −0.136% | $631K | $309K | 50x | as long as short |
| MEXC APE_USDT | +0.0100% | 8h | 0.1467 | −0.136% | $4.4M | $879K | 50x | as long as short |
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1467 | −0.136% | $1.8M | $2.9M | 50x | as long as short |
| Bitget APEUSDT | +0.0100% | 8h | 0.1468 | −0.068% | $2.1M | $549K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1468 | −0.068% | — | $13.1M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1467 | −0.125% | $7K | $12K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1467 | −0.103% | $4K | $206K | 10x | as long as short |
| BloFin APE-USDTlong | +0.0220% | 8h | 0.1469 | long leg | $221K | $57K | 75x | |
| Deribit APE_USDC-PERPETUAL | +0.0432% | 1h | 0.1468 | −0.068% | $11K | $18K | 25x | as long as short |
| Coinbase International APE-PERP-INTX | +0.0880% | 1h | 0.1483 | +0.953% | $100K | $7K | 25x | as long as short |
Gate APE_USDT
MEXC APE_USDT
KuCoin APEUSDTM
Bitget APEUSDT
BingX APE-USDT
Variational Omni APE
Extended APE-USD
Deribit APE_USDC-PERPETUAL
Coinbase International APE-PERP-INTX