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: Bybit against BloFin−0.384%7-day average −0.018% · 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−$118as in the Price arb table
costs, in and out, $10k−$810.813% of the position
Funding, last 7 days+0.048%+$5 on $10k
+Price spread, last 4 days (all we have)+0.464%+$46 · spread now −0.384%, 7d avg −0.018%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.366% cheaper against BloFin than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of −0.018%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin APE-USDT | 0.1486 | 0.0220 | pay 0.0220% / 8h | 3h 26m | $218K | $58K | 75x |
| Short | Bybit APEUSDT | 0.1480 | 0.0100 | get 0.0100% / 8h | 3h 26m | $3.7M | $3.1M | 50x |
BloFin APE-USDT
Bybit APEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.384% → −0.018%
- −$36.57
- Slippage, 4 orders
- −$58.26
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$143.03
- Costs to cover
- 0.813%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 55 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BloFin live order book, 55 min ago | 3.40 bp | 22.7 bp −$23 | 54.8 bp −$548 | 383.5 bp −$38.3K | doesn't fit |
| Sell Bybit live order book, 6 min ago | 3.37 bp | 23.1 bp −$23 | 52.2 bp −$522 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1480 | −0.387% | $1K | — | 100x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −16.889% | — | — | — | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −7.268% | $1K | $12K | 5.5x | as long as short |
| dYdX APE-USD | +0.0096% | 1h | 0.1479 | −0.450% | $9K | $5 | 5x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1483 | −0.202% | $1.3M | $376K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1479 | −0.450% | $124K | $22K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1480 | −0.378% | $4.1M | $6.9M | 50x | as long as short |
| Bybit APEUSDTshort | +0.0100% | 8h | 0.1480 | −0.384% | $3.7M | $3.1M | 50x | |
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1480 | −0.397% | $1.3M | $1.5M | 20x | as long as short |
| Gate APE_USDT | +0.0100% | 8h | 0.1480 | −0.404% | $635K | $313K | 50x | as long as short |
GMX APE/USD [APE-USDC]
Reya APERUSDPERP
Injective APE/USDC PERP
dYdX APE-USD
Hyperliquid APE
Aster APEUSDT
Binance APEUSDT
OKX APE-USDT-SWAP
Gate APE_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC APE_USDT | +0.0100% | 8h | 0.1480 | −0.404% | $4.5M | $871K | 50x | as long as short |
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1480 | −0.404% | $1.8M | $3.3M | 50x | as long as short |
| Bitget APEUSDT | +0.0100% | 8h | 0.1480 | −0.404% | $2.1M | $578K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1480 | −0.404% | — | $13.1M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1492 | +0.427% | $8K | $12K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1480 | −0.407% | $7K | $209K | 10x | as long as short |
| BloFin APE-USDTlong | +0.0220% | 8h | 0.1486 | long leg | $218K | $58K | 75x | |
| Deribit APE_USDC-PERPETUAL | +0.0426% | 1h | 0.1481 | −0.336% | $9K | $21K | 25x | as long as short |
| Coinbase International APE-PERP-INTX | +0.0880% | 1h | 0.1496 | +0.673% | $101K | $8K | 25x | as long as short |
| Kraken Futures PF_APEUSD | +0.0978% | 1h | 0.1483 | −0.187% | $407K | $646K | 20x | as long as short |
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
Kraken Futures PF_APEUSD