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

APE

all APE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%
Price spread now: Hyperliquid against Bybit+0.101%7-day average +0.115% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$1031.026% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.022%+$2 on $10k
Price spread, last 7 days+0.006%+$1 · spread now +0.101%, 7d avg +0.115%
Together, before fees+0.028%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit APEUSDT0.14790.0100pay 0.0100% / 8h7h 12m$3.6M$2.9M50x
ShortHyperliquid APE0.14810.0100get 0.0013% / 1h12m 57s$1.3M$372K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bybit. 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: +0.101% → +0.115%
−$1.33
Slippage, 4 orders
−$82.57
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$103.9
Costs to cover
1.026%
Break-even
never at this rate
Slippage from Bybit: live order book, 5 min ago; Hyperliquid: live order book, 7 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 Bybit live order book, 5 min ago3.39 bp27.5 bp −$2760.8 bp −$608doesn't fitdoesn't fit
Sell Hyperliquid live order book, 7 min ago1.01 bp22.4 bp −$22doesn'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%1h0.1478−0.109%$1K100xas long as short
Reya APERUSDPERP0.0000%1h0.1235−16.524%as long as short
dYdX APE-USD+0.0004%1h0.1480+0.002%$9K5xas long as short
Injective APE/USDC PERP+0.0033%1h0.1378−6.860%$1K$12K5.5xas long as short
BloFin APE-USDT+0.0099%8h0.1479−0.034%$216K$60K75xas long as short
Hyperliquid APEshort+0.0100%1h0.1481+0.101%$1.3M$372K5x
Aster APEUSDT+0.0100%8h0.1479−0.015%$123K$20K10xas long as short
Binance APEUSDT+0.0100%8h0.1480+0.034%$4.1M$7.2M50xas long as short
Bybit APEUSDTlong+0.0100%8h0.1479long leg$3.6M$2.9M50x
OKX APE-USDT-SWAP+0.0100%8h0.1480+0.020%$1.3M$1.5M20xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate APE_USDT+0.0100%8h0.1479−0.020%$639K$311K50xas long as short
MEXC APE_USDT+0.0100%8h0.1479−0.034%$4.2M$767K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.1479−0.034%$1.8M$4.2M50xas long as short
Bitget APEUSDT+0.0100%8h0.1479−0.034%$2.1M$594K25xas long as short
BingX APE-USDT+0.0100%8h0.1479−0.034%$12.9Mas long as short
Variational Omni APE+0.0100%8h0.1477−0.167%$5K$14Kas long as short
Extended APE-USD+0.0104%1h0.1479−0.025%$4K$208K10xas long as short
Kraken Futures PF_APEUSD+0.0353%1h0.1479−0.053%$404K$693K20xas long as short
Deribit APE_USDC-PERPETUAL+0.0427%1h0.1478−0.101%$1K$23K25xas long as short
Coinbase International APE-PERP-INTX+0.1104%1h0.1483+0.237%$100K$8K25xas long as short