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

APE

all APE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%
Price spread now: MEXC against Hyperliquid−0.143%7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$510.512% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.089%−$9 on $10k
Price spread, last 7 days+0.048%+$5 · spread now −0.143%, 7d avg −0.091%
Together, before fees−0.041%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 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: MEXC is 0.052% cheaper against Hyperliquid than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.091%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid APE0.14660.0100pay 0.0013% / 1h52m 53s$1.3M$374K5x
ShortMEXC APE_USDT0.14640.0100get 0.0100% / 8h7h 52m$4.2M$760K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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
$0
Price spread: −0.143% → −0.091%
−$5.23
Slippage, 4 orders
−$42.2
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee MEXC: 0 bp × 2 orders
$0
Net
−$56.44
Costs to cover
0.512%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; MEXC: live order book, 4 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, 8 min ago1.70 bp15.8 bp −$16doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 4 min ago3.40 bp5.7 bp −$635.8 bp −$358165.7 bp −$16.6K223.8 bp −$111.9K

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%1h0.1464−0.134%$1K100xas long as short
dYdX APE-USD0.0000%1h0.1463−0.190%$9K5xas long as short
Reya APERUSDPERP0.0000%1h0.1235−15.761%as long as short
Injective APE/USDC PERP+0.0033%1h0.1378−6.009%$1K$12K5.5xas long as short
Hyperliquid APElong+0.0100%1h0.1466long leg$1.3M$374K5x
Aster APEUSDT+0.0100%8h0.1464−0.114%$122K$20K10xas long as short
Binance APEUSDT+0.0100%8h0.1464−0.125%$4.1M$7.3M50xas long as short
Bybit APEUSDT+0.0100%8h0.1464−0.157%$3.6M$2.9M50xas long as short
OKX APE-USDT-SWAP+0.0100%8h0.1464−0.171%$1.3M$1.5M20xas long as short
Gate APE_USDT+0.0100%8h0.1464−0.136%$633K$306K50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC APE_USDTshort+0.0100%8h0.1464−0.143%$4.2M$760K50x
KuCoin APEUSDTM+0.0100%8h0.1464−0.143%$1.8M$4.1M50xas long as short
Bitget APEUSDT+0.0100%8h0.1465−0.075%$2.1M$606K25xas long as short
BingX APE-USDT+0.0100%8h0.1464−0.143%$13.0Mas long as short
Variational Omni APE+0.0100%8h0.1465−0.068%$5K$14Kas long as short
Extended APE-USD+0.0104%1h0.1464−0.141%$6K$208K10xas long as short
BloFin APE-USDT+0.0115%8h0.1464−0.143%$217K$59K75xas long as short
Kraken Futures PF_APEUSD+0.0356%1h0.1466+0.020%$400K$695K20xas long as short
Deribit APE_USDC-PERPETUAL+0.0433%1h0.1465−0.075%$5K$24K25xas long as short
Coinbase International APE-PERP-INTX+0.1104%1h0.1484+1.221%$100K$8K25xas long as short