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

APE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Hyperliquid against Gate+0.130%7-day average +0.083% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.029%+$3 on $10k
Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.130%, 7d avg +0.083%
Together, before fees−0.046%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 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 0.047% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.083%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate APE_USDT0.14600.0100pay 0.0100% / 8h28m 55s$630K$292K50x
ShortHyperliquid APE0.14620.0100get 0.0013% / 1h28m 55s$1.3M$374K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. 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: +0.130% → +0.083%
$4.72
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$19.28
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: Gate: live order book, 47 min ago; Hyperliquid: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 47 min ago3.42 bp21.1 bp −$21doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 2 min ago1.02 bpdoesn't fitdoesn'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
Kraken Futures PF_APEUSD−0.0178%1h0.1460+0.031%$405K$578K20xas long as short
GMX APE/USD [APE-USDC]L −0.0178% / S +0.0185%1h0.1459−0.058%$1K100xas long as short
Reya APERUSDPERP0.0000%1h0.1235−15.412%as long as short
Deribit APE_USDC-PERPETUAL0.0000%1h0.1459−0.068%$11K$18K25xas long as short
Injective APE/USDC PERP+0.0033%1h0.1378−5.616%$1K$12K5.5xas long as short
Hyperliquid APEshort+0.0100%1h0.1462+0.130%$1.3M$374K5x
Aster APEUSDT+0.0100%8h0.1459−0.054%$121K$22K10xas long as short
Binance APEUSDT+0.0100%8h0.1460−0.014%$4.1M$6.2M50xas long as short
Bybit APEUSDT+0.0100%8h0.1459−0.055%$3.6M$2.7M50xas long as short
OKX APE-USDT-SWAP+0.0100%8h0.1460−0.027%$1.3M$1.3M20xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate APE_USDTlong+0.0100%8h0.1460long leg$630K$292K50x
MEXC APE_USDT+0.0100%8h0.1459−0.068%$4.1M$923K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.14600.000%$1.8M$2.1M50xas long as short
Bitget APEUSDT+0.0100%8h0.14600.000%$2.1M$543K25xas long as short
BingX APE-USDT+0.0100%8h0.14600.000%$13.5Mas long as short
Variational Omni APE+0.0100%8h0.1458−0.135%$7K$12Kas long as short
Extended APE-USD+0.0104%1h0.1460−0.021%$4K$219K10xas long as short
dYdX APE-USD+0.0106%1h0.1461+0.062%$9K$55xas long as short
BloFin APE-USDT+0.0107%8h0.1461+0.068%$221K$48K75xas long as short
Coinbase International APE-PERP-INTX+0.0776%1h0.1470+0.685%$99K$7K25xas long as short