Funding you earn now, next payment 04:00 UTC−0.0780%/8h= −85.4% APRpaid last 24h −0.191%
Price spread now: Bybit against Coinbase International+0.081%7-day average — · you sell dearer than you buy
Net, funding: paid 7d − costs−$165as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$960.964% of the position
Funding, last 7 days−0.684%−$68 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Bybit is 0.081% dearer against Coinbase International than usual: you sell high and buy low (spread +0.081% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.684% in total) that is about 20 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International APE-PERP-INTX | 0.1480 | 0.0880 | pay 0.0110% / 1h | 52m 59s | $100K | $8K | 25x |
| Short | Bybit APEUSDT | 0.1481 | 0.0100 | get 0.0100% / 8h | 3h 52m | $3.7M | $3.0M | 50x |
Coinbase International APE-PERP-INTX
Bybit APEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$163.8
- Price spread: +0.081% → 0.000%
- $8.11
- Slippage, 4 orders
- −$75.44
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$252.13
- Costs to cover
- 0.964%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 85 min ago; Bybit: live order book, 5 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 Coinbase International live order book, 85 min ago | 16.81 bp | 21.8 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.02 bp | 21.2 bp −$21 | 147.9 bp −$1,479 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1480 | −0.002% | $1K | — | 100x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −16.551% | — | — | — | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −6.892% | $1K | $12K | 5.5x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1483 | +0.230% | $1.3M | $368K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1480 | +0.020% | $124K | $22K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1481 | +0.084% | $4.1M | $6.7M | 50x | as long as short |
| Bybit APEUSDTshort | +0.0100% | 8h | 0.1481 | +0.081% | $3.7M | $3.0M | 50x | |
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1481 | +0.095% | $1.3M | $1.4M | 20x | as long as short |
| Gate APE_USDT | +0.0100% | 8h | 0.1481 | +0.068% | $638K | $306K | 50x | as long as short |
| MEXC APE_USDT | +0.0100% | 8h | 0.1481 | +0.068% | $4.4M | $862K | 50x | as long as short |
GMX APE/USD [APE-USDC]
Reya APERUSDPERP
Injective APE/USDC PERP
Hyperliquid APE
Aster APEUSDT
Binance APEUSDT
OKX APE-USDT-SWAP
Gate APE_USDT
MEXC APE_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1480 | 0.000% | $1.8M | $3.2M | 50x | as long as short |
| Bitget APEUSDT | +0.0100% | 8h | 0.1481 | +0.068% | $2.1M | $555K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1482 | +0.135% | — | $13.1M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1471 | −0.592% | $7K | $12K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1481 | +0.056% | $4K | $206K | 10x | as long as short |
| BloFin APE-USDT | +0.0108% | 8h | 0.1481 | +0.068% | $219K | $57K | 75x | as long as short |
| dYdX APE-USD | +0.0184% | 1h | 0.1474 | −0.383% | $9K | $5 | 5x | as long as short |
| Deribit APE_USDC-PERPETUAL | +0.0426% | 1h | 0.1481 | +0.068% | $11K | $18K | 25x | as long as short |
| Coinbase International APE-PERP-INTXlong | +0.0880% | 1h | 0.1480 | long leg | $100K | $8K | 25x | |
| Kraken Futures PF_APEUSD | +0.0980% | 1h | 0.1481 | +0.064% | $408K | $617K | 20x | as long as short |
KuCoin APEUSDTM
Bitget APEUSDT
BingX APE-USDT
Variational Omni APE
Extended APE-USD
BloFin APE-USDT
dYdX APE-USD
Deribit APE_USDC-PERPETUAL
Kraken Futures PF_APEUSD