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

APE

all APE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0804%/8h= +88.0% APRpaid last 24h +0.183%
Price spread now: Coinbase International against Bitget+0.678%7-day average · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$970.972% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.624%+$62 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Coinbase International is 0.678% dearer against Bitget than usual: you sell high and buy low: +$68 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget APEUSDT0.14740.0100pay 0.0100% / 8h6h 23m$2.1M$571K25x
ShortCoinbase International APE-PERP-INTX0.14840.0904get 0.0113% / 1h23m 59s$100K$7K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. 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
$168.84
Price spread: +0.678% → 0.000%
$67.84
Slippage, 4 orders
−$75.21
Fee Bitget: 6 bp × 2 orders
−$12
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$139.47
Costs to cover
0.972%
Break-even
1.2 days
Slippage from Bitget: live order book, 3 min ago; Coinbase International: live order book, 39 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 Bitget live order book, 3 min ago6.77 bp22.9 bp −$23123.1 bp −$1,231doesn't fitdoesn't fit
Sell Coinbase International live order book, 39 min ago13.51 bp38.6 bp −$39doesn'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−0.0224%1h0.1474−0.031%$409K$606K20xas long as short
GMX APE/USD [APE-USDC]L −0.0178% / S +0.0185%1h0.1473−0.088%$1K100xas long as short
Reya APERUSDPERP0.0000%1h0.1235−16.212%as long as short
Deribit APE_USDC-PERPETUAL0.0000%1h0.1473−0.068%$11K$18K25xas long as short
dYdX APE-USD+0.0005%1h0.1477+0.231%$9K$55xas long as short
Injective APE/USDC PERP+0.0033%1h0.1378−6.513%$1K$12K5.5xas long as short
Hyperliquid APE+0.0100%1h0.1476+0.115%$1.3M$378K5xas long as short
Aster APEUSDT+0.0100%8h0.1475+0.050%$123K$22K10xas long as short
Binance APEUSDT+0.0100%8h0.14740.000%$4.1M$6.6M50xas long as short
Bybit APEUSDT+0.0100%8h0.1474−0.014%$3.6M$3.0M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX APE-USDT-SWAP+0.0100%8h0.1474+0.007%$1.3M$1.4M20xas long as short
Gate APE_USDT+0.0100%8h0.1474+0.014%$634K$309K50xas long as short
MEXC APE_USDT+0.0100%8h0.14740.000%$4.3M$885K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.1475+0.068%$1.8M$2.6M50xas long as short
Bitget APEUSDTlong+0.0100%8h0.1474long leg$2.1M$571K25x
BingX APE-USDT+0.0100%8h0.14740.000%$13.1Mas long as short
Variational Omni APE+0.0100%8h0.1479+0.319%$8K$12Kas long as short
Extended APE-USD+0.0104%1h0.1474−0.019%$4K$206K10xas long as short
Coinbase International APE-PERP-INTXshort+0.0904%1h0.1484+0.678%$100K$7K25x