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

APE

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
DeribitAPE_USDC-PERPETUAL
0.108900.0000% / 1h8m 55s$117K$210K25xLong Deribit
SHORT
AsterAPEUSDT
0.1089+0.0100get 0.0100% / 8h6h 08m$106K$12K10xShort Aster≤10% back
Price gap+0.040%47s
Funding gap+0.0100% /8h

Funding pays +$3 a day on $10k, but the gap is 0.076% under its 7d average: −$8 if it goes back, about 2.5 days of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$39+0.0100% /8h now · paid +0.394% over the last 7D
Price—spread +0.040%47s now · prices read too far apart to compare
Costs−$960.965% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropAster: Stage 5 · farm boardneeds both prices read together

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.040%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

APE on 16 exchanges

lowest funding first

Before you open

1 ok · 5 to watch
  • Watch: Thin at this size13.2 / 31.2 bp
    At $10k entering Aster costs 31.2 bp, fee and slippage, 2.4× Deribit’s.
  • Note: Margin at max leverage$400 + $1,000
    Deribit 25x, Aster 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$3.00Long Deribit: 24 payments, $0.00; short Aster: 3 payments, +$3.00.
  • Watch: Prices read 47 s apart+0.040% vs +0.117%
    Part of this gap may be the market moving.
  • Watch: Short leg is thinner$106K vs $117K OI
    Aster sets your exit cost. Check its book before closing.
  • OK: Points on a legAster Stage 5
    Volume here counts toward the points program.
  • Watch: KYCDeribit Yes · Aster No
    ID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0188%/8h × 21 periods+$39.39
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$81.48
Fee Deribit bp × 2 orders−$7.00
Fee Aster bp × 2 orders−$8.00
Net · 7 days · $10k−$57.09
price spread not counted: prices read too far apart
Costs to cover0.965%Break-even17.1 days
Slippage: Deribit: live order book, 26 min ago; Aster: live order book, 25 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGDeribit9.6913.2 bp−$13doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTAster9.2331.2 bp−$31doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

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