Funding arb · Price arb /

APE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0470%/8h= +51.4% APRpaid last 24h −0.022%

Price spread now: dYdX against BingX−0.116%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BingX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. dYdX is 0.116% cheaper against BingX than usual: you would sell low and buy high (spread −0.116% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 20 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX APE-USDT	0.1463	0.0100	pay 0.0100% / 8h	1h 43m	—	$13.4M	—
Short	dYdX APE-USD	0.1461	0.0570	get 0.0071% / 1h	43m 42s	$9K	$5	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BingX. 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

Position, each leg$Hold fordaysFee BingXbpFee dYdXbpOrdersPrice spread, now −0.116%Rate

Funding earned: $98.62
Price spread: −0.116% → 0.000%: −$11.55
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: $67.07
Costs to cover: 0.200%
Break-even: 2.2 days

Slippage unknown: BingX: live order book, 10 min ago; dYdX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 10 min ago	10.28 bp	23.2 bp −$23	64.1 bp −$641	477.7 bp −$47.8K	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_APEUSD	−0.0428%	1h	0.1462	−0.061%	$410K	$571K	20x	as long as short
GMX APE/USD [APE-USDC]	L −0.0178% / S +0.0185%	1h	0.1463	−0.008%	$1K	—	100x	as long as short
Reya APERUSDPERP	0.0000%	1h	0.1235	−15.583%	—	—	—	as long as short
Deribit APE_USDC-PERPETUAL	0.0000%	1h	0.1463	0.000%	$11K	$18K	25x	as long as short
Injective APE/USDC PERP	+0.0033%	1h	0.1378	−5.810%	$1K	$12K	5.5x	as long as short
BloFin APE-USDT	+0.0087%	8h	0.1457	−0.410%	$222K	$48K	75x	as long as short
Hyperliquid APE	+0.0100%	1h	0.1465	+0.116%	$1.3M	$364K	5x	as long as short
Aster APEUSDT	+0.0100%	8h	0.1463	0.000%	$122K	$22K	10x	as long as short
Binance APEUSDT	+0.0100%	8h	0.1462	−0.035%	$4.1M	$6.2M	50x	as long as short
Bybit APEUSDT	+0.0100%	8h	0.1463	+0.021%	$3.7M	$2.5M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX APE-USDT-SWAP	+0.0100%	8h	0.1463	+0.027%	$1.3M	$1.3M	20x	as long as short
Gate APE_USDT	+0.0100%	8h	0.1461	−0.116%	$631K	$290K	50x	as long as short
MEXC APE_USDT	+0.0100%	8h	0.1463	0.000%	$3.8M	$849K	50x	as long as short
KuCoin APEUSDTM	+0.0100%	8h	0.1462	−0.068%	$1.8M	$1.8M	50x	as long as short
Bitget APEUSDT	+0.0100%	8h	0.1463	0.000%	$2.1M	$527K	25x	as long as short
BingX APE-USDTlong	+0.0100%	8h	0.1463	long leg	—	$13.4M	—
Variational Omni APE	+0.0100%	8h	0.1458	−0.331%	$7K	$12K	—	as long as short
Extended APE-USD	+0.0104%	1h	0.1463	−0.018%	$4K	$220K	10x	as long as short
dYdX APE-USDshort	+0.0570%	1h	0.1461	−0.116%	$9K	$5	5x
Coinbase International APE-PERP-INTX	+0.0688%	1h	0.1470	+0.478%	$99K	$7K	25x	as long as short