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

APE

all APE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0871%/8h= +95.3% APRnext payment +$1.09 per $10,000 · paid last 24h +0.203%
Price spread now: Coinbase International against Injective+6.967%64s7-day average · 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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Coinbase International is 6.967% dearer against Injective than usual: you sell high and buy low: +$697 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective APE/USDC PERP0.13780.0033pay 0.0004% / 1h3m 52s$1K$12K5.5x
ShortCoinbase International APE-PERP-INTX0.14740.0904get 0.0113% / 1h3m 52s$99K$7K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Injective. 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
$182.84
Price spread: +6.967% → 0.000%
$696.66
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$869.48
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Coinbase International: live order book, 60 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 Injective no order-book sample
Sell Coinbase International live order book, 60 min ago13.51 bp38.6 bp −$39doesn't fitdoesn't fitdoesn't fit
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

APE on 19 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−0.0224%1h0.1474+6.965%$409K$603K20xas long as short
GMX APE/USD [APE-USDC]L −0.0178% / S +0.0185%1h0.1473+6.885%$1K100xas long as short
Reya APERUSDPERP0.0000%1h0.1235−10.379%as long as short
Deribit APE_USDC-PERPETUAL0.0000%1h0.1473+6.894%$11K$18K25xas long as short
dYdX APE-USD+0.0012%1h0.1472+6.819%$9K$55xas long as short
Injective APE/USDC PERPlong+0.0033%1h0.1378long leg$1K$12K5.5x
Hyperliquid APE+0.0100%1h0.1477+7.148%$1.3M$373K5xas long as short
Aster APEUSDT+0.0100%8h0.1474+7.003%$123K$22K10xas long as short
Binance APEUSDT+0.0100%8h0.1474+6.967%$4.1M$6.5M50xas long as short
Bybit APEUSDT+0.0100%8h0.1474+6.981%$3.7M$3.0M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX APE-USDT-SWAP+0.0100%8h0.1474+6.988%$1.3M$1.4M20xas long as short
Gate APE_USDT+0.0100%8h0.1473+6.901%$633K$311K50xas long as short
MEXC APE_USDT+0.0100%8h0.1474+6.967%$4.4M$901K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.1473+6.894%$1.8M$2.7M50xas long as short
Bitget APEUSDT+0.0100%8h0.1474+6.967%$2.1M$557K25xas long as short
BingX APE-USDT+0.0100%8h0.1474+6.967%$13.1Mas long as short
Variational Omni APE+0.0100%8h0.1471+6.737%$7K$12Kas long as short
Extended APE-USD+0.0104%1h0.1474+6.942%$4K$202K10xas long as short
Coinbase International APE-PERP-INTXshort+0.0904%1h0.1474+6.967%$99K$7K25x