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

APE

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0285%/8h= −31.2% APRpaid last 24h −0.081%
Price spread now: GMX against Bitget−0.030%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
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and GMX is 0.030% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget APEUSDT0.14780.0100pay 0.0100% / 8h59m 06s$2.1M$599K25x
ShortGMX APE/USD [APE-USDC]0.1478L −0.0178% / S +0.0185%pay 0.0023% / 1h59m 06s$1K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Bitget. 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: −0.030% → 0.000%
−$2.98
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee GMX: 6 bp × 2 orders
−$12
Net
−$86.8
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago6.77 bp25.3 bp −$25128.2 bp −$1,282doesn't fitdoesn'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 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]shortL −0.0178% / S +0.0185%1h0.1478−0.030%$1K100x
Reya APERUSDPERP0.0000%1h0.1235−16.438%as long as short
Injective APE/USDC PERP+0.0033%1h0.1378−6.766%$1K$12K5.5xas long as short
BloFin APE-USDT+0.0076%8h0.1479+0.068%$218K$60K75xas long as short
Hyperliquid APE+0.0100%1h0.1479+0.101%$1.3M$389K5xas long as short
Aster APEUSDT+0.0100%8h0.1478−0.009%$123K$20K10xas long as short
Binance APEUSDT+0.0100%8h0.1477−0.044%$4.1M$7.2M50xas long as short
Bybit APEUSDT+0.0100%8h0.1478−0.007%$3.6M$3.0M50xas long as short
OKX APE-USDT-SWAP+0.0100%8h0.1478−0.014%$1.3M$1.5M20xas long as short
Gate APE_USDT+0.0100%8h0.1478+0.020%$641K$311K50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC APE_USDT+0.0100%8h0.1477−0.068%$4.2M$823K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.14780.000%$1.8M$3.8M50xas long as short
Bitget APEUSDTlong+0.0100%8h0.1478long leg$2.1M$599K25x
BingX APE-USDT+0.0100%8h0.14780.000%$13.0Mas long as short
Variational Omni APE+0.0100%8h0.1479+0.047%$5K$14Kas long as short
Extended APE-USD+0.0104%1h0.1477−0.069%$6K$207K10xas long as short
dYdX APE-USD+0.0218%1h0.1478+0.031%$9K5xas long as short
Kraken Futures PF_APEUSD+0.0231%1h0.1477−0.035%$403K$670K20xas long as short
Deribit APE_USDC-PERPETUAL+0.0427%1h0.14780.000%$5K$24K25xas long as short
Coinbase International APE-PERP-INTX+0.1104%1h0.1486+0.541%$100K$8K25xas long as short