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

APE

all APE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Hyperliquid against Binance+0.118%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$830.828% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.092%+$9 on $10k
Price spread, last 7 days−0.002%$0 · spread now +0.118%, 7d avg +0.082%
Together, before fees+0.090%+ Points / potential airdropHyperliquid: Season 2 · farm board+$9 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: Hyperliquid is 0.037% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.082%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance APEUSDT0.14820.0100pay 0.0100% / 8h6h 28m$4.1M$6.6M50x
ShortHyperliquid APE0.14840.0100get 0.0013% / 1h28m 09s$1.3M$378K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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: +0.118% → +0.082%
$3.65
Slippage, 4 orders
−$63.84
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$79.19
Costs to cover
0.828%
Break-even
never at this rate
Slippage from Binance: live order book, 10 min ago; Hyperliquid: live order book, 2 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, 10 min ago3.40 bp19.7 bp −$2091.0 bp −$910doesn't fitdoesn't fit
Sell Hyperliquid live order book, 2 min ago1.69 bp25.7 bp −$26doesn't fitdoesn't fitdoesn't fit

APE on 19 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
Kraken Futures PF_APEUSD−0.0223%1h0.1483+0.076%$412K$606K20xas long as short
GMX APE/USD [APE-USDC]L −0.0178% / S +0.0185%1h0.1483+0.043%$1K100xas long as short
Reya APERUSDPERP0.0000%1h0.1235−16.662%as long as short
Deribit APE_USDC-PERPETUAL0.0000%1h0.1483+0.071%$11K$18K25xas long as short
dYdX APE-USD+0.0006%1h0.1480−0.139%$9K$55xas long as short
Injective APE/USDC PERP+0.0033%1h0.1378−7.014%$1K$12K5.5xas long as short
Hyperliquid APEshort+0.0100%1h0.1484+0.118%$1.3M$378K5x
Aster APEUSDT+0.0100%8h0.1480−0.116%$123K$22K10xas long as short
Binance APEUSDTlong+0.0100%8h0.1482long leg$4.1M$6.6M50x
Bybit APEUSDT+0.0100%8h0.1482−0.024%$3.7M$3.0M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX APE-USDT-SWAP+0.0100%8h0.1483+0.071%$1.3M$1.4M20xas long as short
Gate APE_USDT+0.0100%8h0.1481−0.064%$636K$309K50xas long as short
MEXC APE_USDT+0.0100%8h0.1480−0.131%$4.3M$885K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.1482+0.003%$1.8M$2.6M50xas long as short
Bitget APEUSDT+0.0100%8h0.1483+0.071%$2.1M$573K25xas long as short
BingX APE-USDT+0.0100%8h0.1481−0.064%$13.1Mas long as short
Variational Omni APE+0.0100%8h0.1478−0.265%$8K$12Kas long as short
Extended APE-USD+0.0104%1h0.1481−0.042%$4K$206K10xas long as short
Coinbase International APE-PERP-INTX+0.0904%1h0.1484+0.138%$100K$7K25xas long as short