Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.004%
Price spread now: BingX against BloFin−0.068%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$890.893% of the position
Funding, last 7 days+0.068%+$7 on $10k
+Price spread, last 4 days (all we have)−0.225%−$23 · spread now −0.068%, 7d avg −0.001%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BingX is 0.067% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.001%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.068%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin APE-USDT | 0.1474 | 0.0220 | pay 0.0220% / 8h | 5h 08m | $221K | $57K | 75x |
| Short | BingX APE-USDT | 0.1473 | 0.0100 | get 0.0100% / 8h | 5h 08m | — | $13.1M | — |
BloFin APE-USDT
BingX APE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$25.2
- Price spread: −0.068% → −0.001%
- −$6.71
- Slippage, 4 orders
- −$67.29
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$121.2
- Costs to cover
- 0.893%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 23 min ago; BingX: live order book, 10 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 BloFin live order book, 23 min ago | 10.12 bp | 16.1 bp −$16 | 32.3 bp −$323 | 322.4 bp −$32.2K | doesn't fit |
| Sell BingX live order book, 10 min ago | 10.08 bp | 25.8 bp −$26 | 68.0 bp −$680 | 349.8 bp −$35.0K | doesn't fit |
APE on 20 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 | 0.1476 | +0.102% | $406K | $611K | 20x | as long as short |
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1472 | −0.115% | $1K | — | 100x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −16.216% | — | — | — | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −6.513% | $1K | $12K | 5.5x | as long as short |
| dYdX APE-USD | +0.0065% | 1h | 0.1474 | −0.027% | $9K | $5 | 5x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1475 | +0.041% | $1.3M | $363K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1474 | 0.000% | $123K | $21K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1472 | −0.119% | $4.1M | $6.6M | 50x | as long as short |
| Bybit APEUSDT | +0.0100% | 8h | 0.1472 | −0.122% | $3.7M | $3.0M | 50x | as long as short |
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1472 | −0.129% | $1.3M | $1.4M | 20x | as long as short |
Kraken Futures PF_APEUSD
GMX APE/USD [APE-USDC]
Reya APERUSDPERP
Injective APE/USDC PERP
dYdX APE-USD
Hyperliquid APE
Aster APEUSDT
Binance APEUSDT
Bybit APEUSDT
OKX APE-USDT-SWAPShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate APE_USDT | +0.0100% | 8h | 0.1474 | 0.000% | $634K | $309K | 50x | as long as short |
| MEXC APE_USDT | +0.0100% | 8h | 0.1472 | −0.136% | $4.4M | $878K | 50x | as long as short |
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1473 | −0.068% | $1.8M | $2.8M | 50x | as long as short |
| Bitget APEUSDT | +0.0100% | 8h | 0.1472 | −0.136% | $2.1M | $549K | 25x | as long as short |
| BingX APE-USDTshort | +0.0100% | 8h | 0.1473 | −0.068% | — | $13.1M | — | |
| Variational Omni APE | +0.0100% | 8h | 0.1477 | +0.228% | $8K | $12K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1472 | −0.136% | $4K | $206K | 10x | as long as short |
| BloFin APE-USDTlong | +0.0220% | 8h | 0.1474 | long leg | $221K | $57K | 75x | |
| Deribit APE_USDC-PERPETUAL | +0.0429% | 1h | 0.1473 | −0.068% | $11K | $18K | 25x | as long as short |
| Coinbase International APE-PERP-INTX | +0.0880% | 1h | 0.1483 | +0.611% | $100K | $8K | 25x | as long as short |
Gate APE_USDT
MEXC APE_USDT
KuCoin APEUSDTM
Bitget APEUSDT
Variational Omni APE
Extended APE-USD
Deribit APE_USDC-PERPETUAL
Coinbase International APE-PERP-INTX