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

APE

all APE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0774%/8h= −84.8% APRpaid last 24h −0.184%
Price spread now: BloFin against Coinbase International−0.676%7-day average · you buy dearer than you sell
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$860.864% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.719%−$72 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and BloFin is 0.676% cheaper against Coinbase International than usual: you would sell low and buy high (−$68 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International APE-PERP-INTX0.14800.0856pay 0.0107% / 1h19m 05s$100K$8K25x
ShortBloFin APE-USDT0.14700.0082get 0.0082% / 8h4h 19m$217K$58K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Coinbase International. 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
−$162.61
Price spread: −0.676% → 0.000%
−$67.57
Slippage, 4 orders
−$64.43
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$316.61
Costs to cover
0.864%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 59 min ago; BloFin: live order book, 3 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 Coinbase International live order book, 59 min ago16.81 bp21.8 bp −$22doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 3 min ago3.40 bp13.4 bp −$1349.4 bp −$494306.6 bp −$30.7Kdoesn'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%1h0.1471−0.622%$1K100xas long as short
Reya APERUSDPERP0.0000%1h0.1235−16.553%as long as short
dYdX APE-USD+0.0010%1h0.1472−0.560%$9K$55xas long as short
Kraken Futures PF_APEUSD+0.0011%1h0.1473−0.448%$408K$615K20xas long as short
Injective APE/USDC PERP+0.0033%1h0.1378−6.892%$1K$12K5.5xas long as short
BloFin APE-USDTshort+0.0082%8h0.1470−0.676%$217K$58K75x
Hyperliquid APE+0.0100%1h0.1472−0.534%$1.3M$367K5xas long as short
Aster APEUSDT+0.0100%8h0.1471−0.592%$123K$22K10xas long as short
Binance APEUSDT+0.0100%8h0.1471−0.588%$4.1M$6.6M50xas long as short
Bybit APEUSDT+0.0100%8h0.1471−0.615%$3.6M$3.0M50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX APE-USDT-SWAP+0.0100%8h0.1471−0.635%$1.3M$1.4M20xas long as short
Gate APE_USDT+0.0100%8h0.1471−0.608%$635K$306K50xas long as short
MEXC APE_USDT+0.0100%8h0.1471−0.608%$4.4M$867K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.1471−0.608%$1.8M$3.1M50xas long as short
Bitget APEUSDT+0.0100%8h0.1471−0.608%$2.1M$560K25xas long as short
BingX APE-USDT+0.0100%8h0.1471−0.608%$13.1Mas long as short
Variational Omni APE+0.0100%8h0.1471−0.593%$7K$12Kas long as short
Extended APE-USD+0.0104%1h0.1471−0.634%$8K$208K10xas long as short
Deribit APE_USDC-PERPETUAL+0.0430%1h0.1472−0.541%$11K$18K25xas long as short
Coinbase International APE-PERP-INTXlong+0.0856%1h0.1480long leg$100K$8K25x