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

APE

all APE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%
Price spread now: Hyperliquid against MEXC+0.218%7-day average +0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$500.504% 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−0.140%−$14 · spread now +0.218%, 7d avg +0.092%
Together, before fees−0.051%+ 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 0.126% dearer against MEXC than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.092%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC APE_USDT0.14670.0100pay 0.0100% / 8h6h 21m$4.2M$707K50x
ShortHyperliquid APE0.14700.0100get 0.0013% / 1h21m 00s$1.3M$354K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against MEXC. 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: +0.218% → +0.092%
$12.57
Slippage, 4 orders
−$41.37
Fee MEXC: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$37.81
Costs to cover
0.504%
Break-even
never at this rate
Slippage from MEXC: live order book, 4 min ago; Hyperliquid: live order book, 3 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 MEXC live order book, 4 min ago3.40 bp6.2 bp −$643.2 bp −$432186.1 bp −$18.6K229.6 bp −$114.8K
Sell Hyperliquid live order book, 3 min ago1.70 bp24.1 bp −$24doesn't fitdoesn't fitdoesn't fit

APE on 20 exchanges

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%1h0.1467+0.005%$1K100xas long as short
Reya APERUSDPERP0.0000%1h0.1235−15.813%as long as short
Injective APE/USDC PERP+0.0033%1h0.1378−6.067%$1K$12K5.5xas long as short
dYdX APE-USD+0.0055%1h0.1467−0.003%$9K5xas long as short
Hyperliquid APEshort+0.0100%1h0.1470+0.218%$1.3M$354K5x
Aster APEUSDT+0.0100%8h0.1468+0.051%$122K$20K10xas long as short
Binance APEUSDT+0.0100%8h0.1468+0.068%$4.1M$7.2M50xas long as short
Bybit APEUSDT+0.0100%8h0.1467+0.020%$3.6M$2.9M50xas long as short
OKX APE-USDT-SWAP+0.0100%8h0.1467+0.020%$1.3M$1.6M20xas long as short
Gate APE_USDT+0.0100%8h0.1467+0.034%$634K$304K50xas long as short
Show all 20 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC APE_USDTlong+0.0100%8h0.1467long leg$4.2M$707K50x
KuCoin APEUSDTM+0.0100%8h0.14670.000%$1.8M$4.3M50xas long as short
Bitget APEUSDT+0.0100%8h0.14670.000%$2.1M$619K25xas long as short
BingX APE-USDT+0.0100%8h0.1468+0.068%$13.0Mas long as short
Variational Omni APE+0.0100%8h0.1468+0.072%$5K$14Kas long as short
Extended APE-USD+0.0104%1h0.1468+0.038%$9K$211K10xas long as short
BloFin APE-USDT+0.0126%8h0.1468+0.068%$218K$59K75xas long as short
Kraken Futures PF_APEUSD+0.0305%1h0.1469+0.131%$404K$701K20xas long as short
Deribit APE_USDC-PERPETUAL+0.0432%1h0.1468+0.068%$60$24K25xas long as short
Coinbase International APE-PERP-INTX+0.1000%1h0.1477+0.682%$99K$8K25xas long as short