Funding arb · Price arb /

APE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.018%

Price spread now: OKX against Deribit−0.055%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 OKX

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. OKX is 0.055% cheaper against Deribit than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 44 hours 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	0.1460	0	get 0.0000% / 1h	49m 12s	$11K	$18K	25x
Short	OKX APE-USDT-SWAP	0.1459	0.0100	get 0.0100% / 8h	4h 49m	$1.2M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.055%Rate

Funding earned: $21
Price spread: −0.055% → 0.000%: −$5.48
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$1.48
Costs to cover: 0.170%
Break-even: 7.5 days

Slippage unknown: Deribit: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	1.71 bp	27.0 bp −$27	doesn't fit	doesn't fit	doesn't fit

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
GMX APE/USD [APE-USDC]	L −0.0178% / S +0.0185%	1h	0.1460	+0.012%	$1K	—	100x	as long as short
dYdX APE-USD	0.0000%	1h	0.1461	+0.066%	$9K	$5	5x	as long as short
Reya APERUSDPERP	0.0000%	1h	0.1235	−15.409%	—	—	—	as long as short
Deribit APE_USDC-PERPETUALlong	0.0000%	1h	0.1460	long leg	$11K	$18K	25x
Kraken Futures PF_APEUSD	+0.0011%	1h	0.1463	+0.222%	$403K	$613K	20x	as long as short
Injective APE/USDC PERP	+0.0033%	1h	0.1378	−5.616%	$1K	$12K	5.5x	as long as short
Hyperliquid APE	+0.0100%	1h	0.1463	+0.199%	$1.3M	$362K	5x	as long as short
Aster APEUSDT	+0.0100%	8h	0.1461	+0.096%	$121K	$21K	10x	as long as short
Binance APEUSDT	+0.0100%	8h	0.1460	+0.032%	$4.1M	$6.6M	50x	as long as short
Bybit APEUSDT	+0.0100%	8h	0.1460	+0.027%	$3.6M	$3.0M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX APE-USDT-SWAPshort	+0.0100%	8h	0.1459	−0.055%	$1.2M	$1.4M	20x
Gate APE_USDT	+0.0100%	8h	0.1461	+0.062%	$628K	$303K	50x	as long as short
MEXC APE_USDT	+0.0100%	8h	0.1460	0.000%	$4.4M	$865K	50x	as long as short
KuCoin APEUSDTM	+0.0100%	8h	0.1459	−0.068%	$1.8M	$2.9M	50x	as long as short
Bitget APEUSDT	+0.0100%	8h	0.1461	+0.068%	$2.1M	$545K	25x	as long as short
BingX APE-USDT	+0.0100%	8h	0.1460	0.000%	—	$13.1M	—	as long as short
Variational Omni APE	+0.0100%	8h	0.1464	+0.284%	$7K	$12K	—	as long as short
Extended APE-USD	+0.0104%	1h	0.1461	+0.042%	$4K	$206K	10x	as long as short
BloFin APE-USDT	+0.0112%	8h	0.1463	+0.205%	$219K	$57K	75x	as long as short
Coinbase International APE-PERP-INTX	+0.0856%	1h	0.1483	+1.575%	$100K	$7K	25x	as long as short