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

APE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0285%/8h= −31.2% APRpaid last 24h −0.079%
Price spread now: GMX against BingX−0.020%7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX APE-USDT0.14710.0100pay 0.0100% / 8h6h 06m$13.1M
ShortGMX APE/USD [APE-USDC]0.1471L −0.0178% / S +0.0185%pay 0.0023% / 1h6m 55s$1K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
−$59.82
Price spread: −0.020% → 0.000%
−$1.97
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
−$83.79
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 1 min ago; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 1 min ago10.19 bp25.1 bp −$2579.1 bp −$791422.6 bp −$42.3Kdoesn't fit
Sell GMX no order-book sample
GMX: 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%1h0.1473+0.135%$408K$603K20xas long as short
GMX APE/USD [APE-USDC]shortL −0.0178% / S +0.0185%1h0.1471−0.020%$1K100x
Reya APERUSDPERP0.0000%1h0.1235−16.045%as long as short
dYdX APE-USD+0.0013%1h0.1470−0.037%$9K$55xas long as short
Injective APE/USDC PERP+0.0033%1h0.1378−6.322%$1K$12K5.5xas long as short
Hyperliquid APE+0.0100%1h0.1474+0.231%$1.3M$373K5xas long as short
Aster APEUSDT+0.0100%8h0.1471−0.025%$122K$22K10xas long as short
Binance APEUSDT+0.0100%8h0.14710.000%$4.1M$6.5M50xas long as short
Bybit APEUSDT+0.0100%8h0.14710.000%$3.6M$3.0M50xas long as short
OKX APE-USDT-SWAP+0.0100%8h0.1472+0.041%$1.3M$1.4M20xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate APE_USDT+0.0100%8h0.1471+0.007%$633K$311K50xas long as short
MEXC APE_USDT+0.0100%8h0.14710.000%$4.3M$901K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.14710.000%$1.8M$2.6M50xas long as short
Bitget APEUSDT+0.0100%8h0.14710.000%$2.1M$562K25xas long as short
BingX APE-USDTlong+0.0100%8h0.1471long leg$13.1M
Variational Omni APE+0.0100%8h0.1471−0.014%$7K$12Kas long as short
Extended APE-USD+0.0104%1h0.1471−0.024%$4K$202K10xas long as short
Deribit APE_USDC-PERPETUAL+0.0430%1h0.1472+0.068%$11K$18K25xas long as short
Coinbase International APE-PERP-INTX+0.0904%1h0.1474+0.204%$99K$7K25xas long as short