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

APE

all APE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0003%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Hyperliquid against OKX+0.171%7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$990.987% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.082%+$8 on $10k
Price spread, last 7 days−0.067%−$7 · spread now +0.171%, 7d avg +0.094%
Together, before fees+0.015%+ Points / potential airdropHyperliquid: Season 2 · farm board+$1 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 0.077% dearer against OKX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.094%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX APE-USDT-SWAP0.14650.0100pay 0.0100% / 8h2h 16m$1.3M$1.5M20x
ShortHyperliquid APE0.14670.0103get 0.0013% / 1h16m 22s$1.3M$388K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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
$0.7
Price spread: +0.171% → +0.094%
$7.68
Slippage, 4 orders
−$79.65
Fee OKX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$90.27
Costs to cover
0.987%
Break-even
904.9 days
Slippage from OKX: live order book, 5 min ago; Hyperliquid: 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 OKX live order book, 5 min ago2.05 bp28.9 bp −$29doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 4 min ago1.71 bp18.8 bp −$19doesn'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%1h0.1465−0.027%$1K100xas long as short
Reya APERUSDPERP0.0000%1h0.1235−15.697%as long as short
Kraken Futures PF_APEUSD+0.0027%1h0.1466+0.087%$400K$659K20xas long as short
Injective APE/USDC PERP+0.0033%1h0.1378−5.939%$1K$12K5.5xas long as short
BloFin APE-USDT+0.0090%8h0.14650.000%$215K$59K75xas long as short
dYdX APE-USD+0.0096%1h0.1463−0.135%$9K$55xas long as short
Aster APEUSDT+0.0100%8h0.1464−0.089%$122K$20K10xas long as short
Binance APEUSDT+0.0100%8h0.14650.000%$4.1M$7.2M50xas long as short
Bybit APEUSDT+0.0100%8h0.1464−0.102%$3.6M$3.1M50xas long as short
OKX APE-USDT-SWAPlong+0.0100%8h0.1465long leg$1.3M$1.5M20x
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate APE_USDT+0.0100%8h0.1464−0.102%$632K$320K50xas long as short
MEXC APE_USDT+0.0100%8h0.1464−0.068%$4.2M$877K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.1463−0.137%$1.8M$3.6M50xas long as short
Bitget APEUSDT+0.0100%8h0.1463−0.137%$2.1M$616K25xas long as short
BingX APE-USDT+0.0100%8h0.1464−0.068%$13.1Mas long as short
Variational Omni APE+0.0100%8h0.1459−0.427%$7K$12Kas long as short
Hyperliquid APEshort+0.0103%1h0.1467+0.171%$1.3M$388K5x
Extended APE-USD+0.0104%1h0.1465−0.028%$4K$208K10xas long as short
Deribit APE_USDC-PERPETUAL+0.0433%1h0.1466+0.068%$9K$21K25xas long as short
Coinbase International APE-PERP-INTX+0.0936%1h0.1473+0.546%$99K$8K25xas long as short