Funding arb · Price arb /

APE

all APE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.009%

Price spread now: MEXC against Deribit−0.068%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on MEXC

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. MEXC is 0.068% cheaper against Deribit than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit APE_USDC-PERPETUAL	0.1479	0	get 0.0000% / 1h	49m 14s	$11K	$18K	25x
Short	MEXC APE_USDT	0.1478	0.0100	get 0.0100% / 8h	6h 49m	$4.3M	$881K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Deribit. 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 DeribitbpFee MEXCbpOrdersPrice spread, now −0.068%Rate

Funding earned: $21
Price spread: −0.068% → 0.000%: −$6.76
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: $7.24
Costs to cover: 0.070%
Break-even: 4.6 days

Slippage unknown: Deribit: no order-book sample; MEXC: live order book, 3 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell MEXC live order book, 3 min ago	3.39 bp	6.8 bp −$7	37.4 bp −$374	172.6 bp −$17.3K	221.4 bp −$110.7K

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_APEUSD	−0.0223%	1h	0.1479	−0.033%	$411K	$603K	20x	as long as short
GMX APE/USD [APE-USDC]	L −0.0178% / S +0.0185%	1h	0.1479	−0.031%	$1K	—	100x	as long as short
dYdX APE-USD	0.0000%	1h	0.1477	−0.109%	$9K	$5	5x	as long as short
Reya APERUSDPERP	0.0000%	1h	0.1235	−16.497%	—	—	—	as long as short
Deribit APE_USDC-PERPETUALlong	0.0000%	1h	0.1479	long leg	$11K	$18K	25x
Injective APE/USDC PERP	+0.0033%	1h	0.1378	−6.829%	$1K	$12K	5.5x	as long as short
BloFin APE-USDT	+0.0076%	8h	0.1477	−0.135%	$220K	$54K	75x	as long as short
Hyperliquid APE	+0.0100%	1h	0.1480	+0.061%	$1.3M	$387K	5x	as long as short
Aster APEUSDT	+0.0100%	8h	0.1479	−0.013%	$123K	$22K	10x	as long as short
Binance APEUSDT	+0.0100%	8h	0.1478	−0.068%	$4.1M	$6.6M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit APEUSDT	+0.0100%	8h	0.1479	−0.007%	$3.7M	$3.0M	50x	as long as short
OKX APE-USDT-SWAP	+0.0100%	8h	0.1480	+0.081%	$1.3M	$1.4M	20x	as long as short
Gate APE_USDT	+0.0100%	8h	0.1479	−0.014%	$635K	$307K	50x	as long as short
MEXC APE_USDTshort	+0.0100%	8h	0.1478	−0.068%	$4.3M	$881K	50x
KuCoin APEUSDTM	+0.0100%	8h	0.1477	−0.135%	$1.8M	$2.5M	50x	as long as short
Bitget APEUSDT	+0.0100%	8h	0.1479	0.000%	$2.1M	$574K	25x	as long as short
BingX APE-USDT	+0.0100%	8h	0.1478	−0.068%	—	$13.1M	—	as long as short
Variational Omni APE	+0.0100%	8h	0.1477	−0.168%	$8K	$12K	—	as long as short
Extended APE-USD	+0.0104%	1h	0.1478	−0.057%	$4K	$205K	10x	as long as short
Coinbase International APE-PERP-INTX	+0.0904%	1h	0.1480	+0.068%	$100K	$7K	25x	as long as short