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

APE

all APE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Bybit against Extended−0.031%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1061.064% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.069%+$7 on $10k
Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.031%, 7d avg +0.025%
Together, before fees+0.108%+ Points / potential airdropExtended: Active · farm board+$11 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: Bybit is 0.056% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended APE-USD0.14620.0104pay 0.0013% / 1h42m 54s$4K$206K10x
ShortBybit APEUSDT0.14610.0100get 0.0100% / 8h4h 42m$3.6M$3.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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
−$0.84
Price spread: −0.031% → +0.025%
−$5.56
Slippage, 4 orders
−$90.42
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$112.81
Costs to cover
1.064%
Break-even
never at this rate
Slippage from Extended: live order book, 14 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 14 min ago6.13 bp27.2 bp −$27168.4 bp −$1,684doesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago4.11 bp22.4 bp −$2274.4 bp −$744doesn'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%1h0.1461−0.034%$1K100xas long as short
Reya APERUSDPERP0.0000%1h0.1235−15.512%as long as short
Deribit APE_USDC-PERPETUAL0.0000%1h0.1460−0.120%$11K$18K25xas long as short
Kraken Futures PF_APEUSD+0.0011%1h0.1462+0.003%$404K$614K20xas long as short
dYdX APE-USD+0.0014%1h0.1464+0.134%$9K$55xas long as short
Injective APE/USDC PERP+0.0033%1h0.1378−5.729%$1K$12K5.5xas long as short
Hyperliquid APE+0.0100%1h0.1462+0.044%$1.3M$362K5xas long as short
Aster APEUSDT+0.0100%8h0.1463+0.118%$122K$22K10xas long as short
Binance APEUSDT+0.0100%8h0.1461−0.051%$4.1M$6.6M50xas long as short
Bybit APEUSDTshort+0.0100%8h0.1461−0.031%$3.6M$3.0M50x
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX APE-USDT-SWAP+0.0100%8h0.1460−0.092%$1.2M$1.4M20xas long as short
Gate APE_USDT+0.0100%8h0.1462−0.010%$629K$304K50xas long as short
MEXC APE_USDT+0.0100%8h0.1461−0.051%$4.4M$866K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.1461−0.051%$1.8M$3.0M50xas long as short
Bitget APEUSDT+0.0100%8h0.1461−0.051%$2.1M$559K25xas long as short
BingX APE-USDT+0.0100%8h0.1462+0.017%$13.1Mas long as short
Variational Omni APE+0.0100%8h0.1460−0.138%$7K$12Kas long as short
Extended APE-USDlong+0.0104%1h0.1462long leg$4K$206K10x
BloFin APE-USDT+0.0117%8h0.1463+0.085%$218K$57K75xas long as short
Coinbase International APE-PERP-INTX+0.0856%1h0.1468+0.428%$99K$7K25xas long as short