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

APE

all APE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Hyperliquid against Bitget+0.165%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$900.903% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 7 days−0.211%−$21 · spread now +0.165%, 7d avg +0.054%
Together, before fees−0.210%+ Points / potential airdropHyperliquid: Season 2 · farm board−$21 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 0.111% dearer against Bitget than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.054%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget APEUSDT0.14530.0100pay 0.0100% / 8h2h 49m$2.1M$541K25x
ShortHyperliquid APE0.14550.0100get 0.0013% / 1h49m 37s$1.3M$369K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$0
Price spread: +0.165% → +0.054%
$11.09
Slippage, 4 orders
−$69.27
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$79.18
Costs to cover
0.903%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; Hyperliquid: 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 Bitget live order book, 2 min ago3.44 bp24.5 bp −$25117.9 bp −$1,179doesn't fitdoesn't fit
Sell Hyperliquid live order book, 1 min ago1.38 bp15.6 bp −$16doesn't fitdoesn'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%1h0.1453+0.008%$1K100xas long as short
dYdX APE-USD0.0000%1h0.1454+0.037%$9K$55xas long as short
Reya APERUSDPERP0.0000%1h0.1235−15.001%as long as short
Deribit APE_USDC-PERPETUAL0.0000%1h0.14530.000%$11K$18K25xas long as short
Injective APE/USDC PERP+0.0033%1h0.1378−5.162%$1K$12K5.5xas long as short
Hyperliquid APEshort+0.0100%1h0.1455+0.165%$1.3M$369K5x
Aster APEUSDT+0.0100%8h0.1454+0.052%$121K$22K10xas long as short
Binance APEUSDT+0.0100%8h0.1454+0.069%$4.1M$6.1M50xas long as short
Bybit APEUSDT+0.0100%8h0.1454+0.062%$3.6M$2.5M50xas long as short
OKX APE-USDT-SWAP+0.0100%8h0.1453+0.014%$1.2M$1.3M20xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate APE_USDT+0.0100%8h0.1453+0.021%$626K$286K50xas long as short
MEXC APE_USDT+0.0100%8h0.14530.000%$3.8M$857K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.14530.000%$1.8M$1.9M50xas long as short
Bitget APEUSDTlong+0.0100%8h0.1453long leg$2.1M$541K25x
BingX APE-USDT+0.0100%8h0.1454+0.069%$13.4Mas long as short
Variational Omni APE+0.0100%8h0.1454+0.049%$7K$12Kas long as short
Extended APE-USD+0.0104%1h0.1454+0.059%$4K$220K10xas long as short
BloFin APE-USDT+0.0106%8h0.1454+0.069%$223K$48K75xas long as short
Kraken Futures PF_APEUSD+0.0156%1h0.1453+0.014%$408K$586K20xas long as short
Coinbase International APE-PERP-INTX+0.0648%1h0.1458+0.344%$98K$7K25xas long as short