Funding arb · Price arb /

APE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.024%

Price spread now: Gate against dYdX−0.070%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Gate

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. Gate is 0.070% cheaper against dYdX than usual: you would sell low and buy high (spread −0.070% 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	dYdX APE-USD	0.1455	0	get 0.0000% / 1h	56m 42s	$9K	$5	5x
Short	Gate APE_USDT	0.1454	0.0100	get 0.0100% / 8h	2h 56m	$626K	$286K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against dYdX. 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 dYdXbpFee GatebpOrdersPrice spread, now −0.070%Rate

Funding earned: $21
Price spread: −0.070% → 0.000%: −$7.05
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$11.05
Costs to cover: 0.250%
Break-even: 10.7 days

Slippage unknown: dYdX: no order-book sample; Gate: live order book, 29 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 dYdX no order-book sample	—	—	—	—	—
Sell Gate live order book, 29 min ago	6.88 bp	20.7 bp −$21	82.2 bp −$822	doesn't fit	doesn't fit

dYdX: 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	0.1455	−0.037%	$1K	—	100x	as long as short
dYdX APE-USDlong	0.0000%	1h	0.1455	long leg	$9K	$5	5x
Reya APERUSDPERP	0.0000%	1h	0.1235	−15.135%	—	—	—	as long as short
Injective APE/USDC PERP	+0.0033%	1h	0.1378	−5.313%	$1K	$12K	5.5x	as long as short
Hyperliquid APE	+0.0100%	1h	0.1458	+0.163%	$1.3M	$380K	5x	as long as short
Aster APEUSDT	+0.0100%	8h	0.1456	+0.016%	$121K	$22K	10x	as long as short
Binance APEUSDT	+0.0100%	8h	0.1456	+0.046%	$4.1M	$6.2M	50x	as long as short
Bybit APEUSDT	+0.0100%	8h	0.1455	+0.005%	$3.6M	$2.5M	50x	as long as short
OKX APE-USDT-SWAP	+0.0100%	8h	0.1455	−0.015%	$1.2M	$1.3M	20x	as long as short
Gate APE_USDTshort	+0.0100%	8h	0.1454	−0.070%	$626K	$286K	50x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC APE_USDT	+0.0100%	8h	0.1456	+0.046%	$3.8M	$855K	50x	as long as short
KuCoin APEUSDTM	+0.0100%	8h	0.1455	−0.022%	$1.8M	$1.9M	50x	as long as short
Bitget APEUSDT	+0.0100%	8h	0.1457	+0.115%	$2.1M	$548K	25x	as long as short
BingX APE-USDT	+0.0100%	8h	0.1455	−0.022%	—	$13.4M	—	as long as short
Variational Omni APE	+0.0100%	8h	0.1456	+0.079%	$7K	$12K	—	as long as short
Extended APE-USD	+0.0104%	1h	0.1456	+0.034%	$4K	$220K	10x	as long as short
BloFin APE-USDT	+0.0125%	8h	0.1456	+0.046%	$223K	$48K	75x	as long as short
Kraken Futures PF_APEUSD	+0.0156%	1h	0.1455	−0.036%	$409K	$586K	20x	as long as short
Deribit APE_USDC-PERPETUAL	+0.0437%	1h	0.1456	+0.046%	$13K	$18K	25x	as long as short
Coinbase International APE-PERP-INTX	+0.0648%	1h	0.1458	+0.184%	$98K	$7K	25x	as long as short