Funding you earn now, next payment 05:00 UTC−0.0836%/8h= −91.5% APRpaid last 24h −0.194%
Price spread now: MEXC against Coinbase International−1.070%7-day average −0.412% · you buy dearer than you sell
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$630.625% of the position
Funding, last 7 days−0.769%−$77 on $10k
+Price spread, last 4 days (all we have)+0.707%+$71 · spread now −1.070%, 7d avg −0.412%
=Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and MEXC is 0.658% cheaper against Coinbase International than usual: you would sell low and buy high (−$66 if the spread goes back to its 7-day average of −0.412%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International APE-PERP-INTX | 0.1496 | 0.0936 | pay 0.0117% / 1h | 48m 57s | $101K | $8K | 25x |
| Short | MEXC APE_USDT | 0.1480 | 0.0100 | get 0.0100% / 8h | 2h 48m | $4.3M | $859K | 50x |
Coinbase International APE-PERP-INTX
MEXC APE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Coinbase International. 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
- −$175.56
- Price spread: −1.070% → −0.412%
- −$65.78
- Slippage, 4 orders
- −$52.51
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$303.85
- Costs to cover
- 0.625%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 59 min ago; MEXC: live order book, 3 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 Coinbase International live order book, 59 min ago | 16.95 bp | 28.7 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 3.38 bp | 6.4 bp −$6 | 32.0 bp −$320 | 170.9 bp −$17.1K | 225.2 bp −$112.6K |
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 | 0.1481 | −1.022% | $1K | — | 100x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −17.444% | — | — | — | as long as short |
| Kraken Futures PF_APEUSD | +0.0027% | 1h | 0.1481 | −1.033% | $408K | $649K | 20x | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −7.888% | $1K | $12K | 5.5x | as long as short |
| dYdX APE-USD | +0.0072% | 1h | 0.1481 | −0.978% | $9K | $5 | 5x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1483 | −0.882% | $1.3M | $385K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1481 | −0.973% | $123K | $20K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1481 | −0.999% | $4.1M | $7.0M | 50x | as long as short |
| Bybit APEUSDT | +0.0100% | 8h | 0.1481 | −1.009% | $3.7M | $3.1M | 50x | as long as short |
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1480 | −1.036% | $1.3M | $1.5M | 20x | as long as short |
GMX APE/USD [APE-USDC]
Reya APERUSDPERP
Kraken Futures PF_APEUSD
Injective APE/USDC PERP
dYdX APE-USD
Hyperliquid APE
Aster APEUSDT
Binance 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 | 0.1481 | −1.023% | $635K | $312K | 50x | as long as short |
| MEXC APE_USDTshort | +0.0100% | 8h | 0.1480 | −1.070% | $4.3M | $859K | 50x | |
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1480 | −1.070% | $1.8M | $3.5M | 50x | as long as short |
| Bitget APEUSDT | +0.0100% | 8h | 0.1481 | −1.003% | $2.1M | $587K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1481 | −1.003% | — | $13.1M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1482 | −0.953% | $8K | $12K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1481 | −0.999% | $5K | $208K | 10x | as long as short |
| BloFin APE-USDT | +0.0220% | 8h | 0.1483 | −0.869% | $217K | $59K | 75x | as long as short |
| Deribit APE_USDC-PERPETUAL | +0.0425% | 1h | 0.1482 | −0.936% | $9K | $21K | 25x | as long as short |
| Coinbase International APE-PERP-INTXlong | +0.0936% | 1h | 0.1496 | long leg | $101K | $8K | 25x |
Gate APE_USDT
KuCoin APEUSDTM
Bitget APEUSDT
BingX APE-USDT
Variational Omni APE
Extended APE-USD
BloFin APE-USDT
Deribit APE_USDC-PERPETUAL