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+0.0780%/8h= +85.4% APRnext payment +$0.98 per $10,000 · paid last 24h +0.190%
Price spread now: Coinbase International against Hyperliquid+0.924%49s7-day average · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$880.883% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.662%+$66 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Coinbase International is 0.924% dearer against Hyperliquid than usual: you sell high and buy low: +$92 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid APE0.14820.0100pay 0.0013% / 1h9m 21s$1.3M$382K5x
ShortCoinbase International APE-PERP-INTX0.14960.0880get 0.0110% / 1h9m 21s$101K$8K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Hyperliquid. 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
$163.8
Price spread: +0.924% → 0.000%
$92.42
Slippage, 4 orders
−$69.33
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$167.89
Costs to cover
0.883%
Break-even
from the start
Slippage from Hyperliquid: live order book, 11 min ago; Coinbase International: live order book, 39 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 Hyperliquid live order book, 11 min ago1.69 bp16.4 bp −$16doesn't fitdoesn't fitdoesn't fit
Sell Coinbase International live order book, 39 min ago16.95 bp22.0 bp −$22doesn'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
GMX APE/USD [APE-USDC]L −0.0178% / S +0.0185%1h0.1479−0.252%$1K100xas long as short
Reya APERUSDPERP0.0000%1h0.1235−16.683%as long as short
Injective APE/USDC PERP+0.0033%1h0.1378−7.036%$1K$12K5.5xas long as short
dYdX APE-USD+0.0090%1h0.1479−0.221%$9K$55xas long as short
Hyperliquid APElong+0.0100%1h0.1482long leg$1.3M$382K5x
Aster APEUSDT+0.0100%8h0.1479−0.210%$124K$22K10xas long as short
Binance APEUSDT+0.0100%8h0.1479−0.223%$4.1M$6.9M50xas long as short
Bybit APEUSDT+0.0100%8h0.1479−0.223%$3.7M$3.1M50xas long as short
OKX APE-USDT-SWAP+0.0100%8h0.1478−0.297%$1.3M$1.5M20xas long as short
Gate APE_USDT+0.0100%8h0.1479−0.223%$634K$315K50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC APE_USDT+0.0100%8h0.1478−0.290%$4.4M$872K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.1479−0.223%$1.8M$3.4M50xas long as short
Bitget APEUSDT+0.0100%8h0.1480−0.155%$2.1M$584K25xas long as short
BingX APE-USDT+0.0100%8h0.1479−0.223%$13.1Mas long as short
Variational Omni APE+0.0100%8h0.1482−0.042%$8K$12Kas long as short
Extended APE-USD+0.0104%1h0.1480−0.164%$7K$206K10xas long as short
BloFin APE-USDT+0.0114%8h0.1482−0.020%$219K$58K75xas long as short
Deribit APE_USDC-PERPETUAL+0.0426%1h0.1480−0.155%$9K$21K25xas long as short
Coinbase International APE-PERP-INTXshort+0.0880%1h0.1496+0.924%$101K$8K25x
Kraken Futures PF_APEUSD+0.0981%1h0.1480−0.156%$406K$642K20xas long as short