Funding arb · Price arb /

APE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: MEXC against KuCoin+0.068%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1171.169% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 7 days−0.211%−$21 · spread now +0.068%, 7d avg −0.006%

Together, before fees−0.291%−$29 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: MEXC is 0.074% dearer against KuCoin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin APEUSDTM	0.1474	0.0100	pay 0.0100% / 8h	5h 51m	$1.8M	$2.7M	50x
Short	MEXC APE_USDT	0.1475	0.0100	get 0.0100% / 8h	5h 51m	$4.3M	$848K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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

Position, each leg$Hold fordaysFee KuCoinbpFee MEXCbpOrdersPrice spread, now +0.068%Rate

Funding earned: $0
Price spread: +0.068% → −0.006%: $7.41
Slippage, 4 orders: −$104.87
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$109.46
Costs to cover: 1.169%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; MEXC: live order book, 1 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 KuCoin live order book, 6 min ago	6.77 bp	48.0 bp −$48	145.5 bp −$1,455	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	3.39 bp	7.8 bp −$8	45.1 bp −$451	175.1 bp −$17.5K	226.3 bp −$113.2K

APE on 19 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	0.1475	+0.069%	$408K	$601K	20x	as long as short
GMX APE/USD [APE-USDC]	L −0.0178% / S +0.0185%	1h	0.1475	+0.040%	$1K	—	100x	as long as short
Reya APERUSDPERP	0.0000%	1h	0.1235	−16.215%	—	—	—	as long as short
Injective APE/USDC PERP	+0.0033%	1h	0.1378	−6.513%	$1K	$12K	5.5x	as long as short
Hyperliquid APE	+0.0100%	1h	0.1477	+0.231%	$1.3M	$372K	5x	as long as short
Aster APEUSDT	+0.0100%	8h	0.1476	+0.117%	$123K	$20K	10x	as long as short
Binance APEUSDT	+0.0100%	8h	0.1475	+0.076%	$4.1M	$6.5M	50x	as long as short
Bybit APEUSDT	+0.0100%	8h	0.1475	+0.102%	$3.7M	$3.0M	50x	as long as short
OKX APE-USDT-SWAP	+0.0100%	8h	0.1476	+0.115%	$1.3M	$1.4M	20x	as long as short
Gate APE_USDT	+0.0100%	8h	0.1475	+0.075%	$635K	$305K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC APE_USDTshort	+0.0100%	8h	0.1475	+0.068%	$4.3M	$848K	50x
KuCoin APEUSDTMlong	+0.0100%	8h	0.1474	long leg	$1.8M	$2.7M	50x
Bitget APEUSDT	+0.0100%	8h	0.1475	+0.068%	$2.1M	$548K	25x	as long as short
BingX APE-USDT	+0.0100%	8h	0.1475	+0.068%	—	$13.1M	—	as long as short
Variational Omni APE	+0.0100%	8h	0.1481	+0.482%	$7K	$12K	—	as long as short
Extended APE-USD	+0.0104%	1h	0.1475	+0.038%	$4K	$202K	10x	as long as short
dYdX APE-USD	+0.0128%	1h	0.1474	−0.006%	$9K	$5	5x	as long as short
Deribit APE_USDC-PERPETUAL	+0.0428%	1h	0.1475	+0.068%	$11K	$18K	25x	as long as short
Coinbase International APE-PERP-INTX	+0.0880%	1h	0.1477	+0.204%	$99K	$7K	25x	as long as short