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

APE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0115%/8h= −12.6% APRpaid last 24h +0.006%
Price spread now: Deribit against BloFin−0.068%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 5 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 −$3 a day on $10k at the current rate, and Deribit is 0.068% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin APE-USDT0.14680.0115pay 0.0115% / 8h53m 21s$221K$48K75x
ShortDeribit APE_USDC-PERPETUAL0.14670get 0.0000% / 1h53m 21s$11K$18K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against BloFin. 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
−$24.1
Price spread: −0.068% → 0.000%
−$6.81
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$49.91
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: BloFin: live order book, 17 min ago; Deribit: 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 BloFin live order book, 17 min ago3.43 bp15.4 bp −$1549.7 bp −$497373.8 bp −$37.4Kdoesn't fit
Sell Deribit no order-book sample
Deribit: 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]L −0.0178% / S +0.0185%1h0.1467−0.046%$1K100xas long as short
Kraken Futures PF_APEUSD−0.0178%1h0.1467−0.043%$409K$576K20xas long as short
dYdX APE-USD0.0000%1h0.1465−0.188%$9K$55xas long as short
Reya APERUSDPERP0.0000%1h0.1235−15.874%as long as short
Deribit APE_USDC-PERPETUALshort0.0000%1h0.1467−0.068%$11K$18K25x
Injective APE/USDC PERP+0.0033%1h0.1378−6.131%$1K$12K5.5xas long as short
Hyperliquid APE+0.0100%1h0.1469+0.102%$1.3M$368K5xas long as short
Aster APEUSDT+0.0100%8h0.1466−0.128%$122K$22K10xas long as short
Binance APEUSDT+0.0100%8h0.1467−0.079%$4.1M$6.2M50xas long as short
Bybit APEUSDT+0.0100%8h0.1467−0.082%$3.6M$2.6M50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX APE-USDT-SWAP+0.0100%8h0.1468+0.007%$1.3M$1.3M20xas long as short
Gate APE_USDT+0.0100%8h0.1465−0.204%$632K$291K50xas long as short
MEXC APE_USDT+0.0100%8h0.1466−0.136%$4.1M$921K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.1465−0.204%$1.8M$2.0M50xas long as short
Bitget APEUSDT+0.0100%8h0.1467−0.068%$2.1M$539K25xas long as short
BingX APE-USDT+0.0100%8h0.1467−0.068%$13.4Mas long as short
Variational Omni APE+0.0100%8h0.1463−0.323%$7K$12Kas long as short
Extended APE-USD+0.0104%1h0.1467−0.091%$4K$219K10xas long as short
BloFin APE-USDTlong+0.0115%8h0.1468long leg$221K$48K75x
Coinbase International APE-PERP-INTX+0.0776%1h0.1467−0.068%$99K$7K25xas long as short