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

APE

all APE markets
SwapBacktest
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 0.000%
Price spread now: Bybit against Binance+0.007%7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$860.862% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.070%+$7 on $10k
Price spread, last 7 days−0.004%$0 · spread now +0.007%, 7d avg −0.029%
Together, before fees+0.066%+$7 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: Bybit is 0.035% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance APEUSDT0.14760.0100pay 0.0100% / 8h3h 01m$4.1M$7.0M50x
ShortBybit APEUSDT0.14760.0100get 0.0100% / 8h3h 01m$3.6M$3.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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: +0.007% → −0.029%
$3.54
Slippage, 4 orders
−$65.19
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$82.65
Costs to cover
0.862%
Break-even
never at this rate
Slippage from Binance: live order book, 8 min ago; Bybit: live order book, 1 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 Binance live order book, 8 min ago3.38 bp16.2 bp −$1680.4 bp −$804doesn't fitdoesn't fit
Sell Bybit live order book, 1 min ago2.38 bp24.4 bp −$2448.9 bp −$489doesn'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%1h0.1475−0.054%$1K100xas long as short
Reya APERUSDPERP0.0000%1h0.1235−16.326%as long as short
Injective APE/USDC PERP+0.0033%1h0.1378−6.640%$1K$12K5.5xas long as short
dYdX APE-USD+0.0095%1h0.1474−0.152%$9K$55xas long as short
Hyperliquid APE+0.0100%1h0.1479+0.183%$1.3M$384K5xas long as short
Aster APEUSDT+0.0100%8h0.1476−0.004%$124K$20K10xas long as short
Binance APEUSDTlong+0.0100%8h0.1476long leg$4.1M$7.0M50x
Bybit APEUSDTshort+0.0100%8h0.1476+0.007%$3.6M$3.1M50x
OKX APE-USDT-SWAP+0.0100%8h0.1476+0.027%$1.3M$1.5M20xas long as short
Gate APE_USDT+0.0100%8h0.1474−0.102%$633K$316K50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC APE_USDT+0.0100%8h0.14760.000%$4.3M$894K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.1475−0.068%$1.8M$3.4M50xas long as short
Bitget APEUSDT+0.0100%8h0.14760.000%$2.1M$587K25xas long as short
BingX APE-USDT+0.0100%8h0.14760.000%$13.1Mas long as short
Variational Omni APE+0.0100%8h0.1481+0.355%$8K$12Kas long as short
Extended APE-USD+0.0104%1h0.1475−0.036%$7K$206K10xas long as short
BloFin APE-USDT+0.0185%8h0.14760.000%$216K$59K75xas long as short
Deribit APE_USDC-PERPETUAL+0.0428%1h0.14760.000%$9K$21K25xas long as short
Coinbase International APE-PERP-INTX+0.0880%1h0.1496+1.355%$101K$8K25xas long as short
Kraken Futures PF_APEUSD+0.0983%1h0.1476−0.006%$403K$644K20xas long as short