Funding arb · Price arb /

APE

all APE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0285%/8h= −31.2% APRpaid last 24h −0.077%

Price spread now: GMX against KuCoin+0.063%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. GMX is 0.063% dearer against KuCoin than usual: you sell high and buy low (spread +0.063% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin APEUSDTM	0.1475	0.0100	pay 0.0100% / 8h	40m 13s	$1.8M	$3.9M	50x
Short	GMX APE/USD [APE-USDC]	0.1476	L −0.0178% / S +0.0185%	pay 0.0023% / 1h	40m 13s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now +0.063%Rate

Funding earned: −$59.82
Price spread: +0.063% → 0.000%: $6.31
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$77.51
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 7 min ago; GMX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 7 min ago	6.76 bp	71.3 bp −$71	178.7 bp −$1,787	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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]short	L −0.0178% / S +0.0185%	1h	0.1476	+0.063%	$1K	—	100x
Reya APERUSDPERP	0.0000%	1h	0.1235	−16.270%	—	—	—	as long as short
Injective APE/USDC PERP	+0.0033%	1h	0.1378	−6.576%	$1K	$12K	5.5x	as long as short
Hyperliquid APE	+0.0100%	1h	0.1477	+0.156%	$1.3M	$388K	5x	as long as short
Aster APEUSDT	+0.0100%	8h	0.1478	+0.188%	$123K	$20K	10x	as long as short
Binance APEUSDT	+0.0100%	8h	0.1477	+0.143%	$4.1M	$7.2M	50x	as long as short
Bybit APEUSDT	+0.0100%	8h	0.1476	+0.041%	$3.6M	$3.0M	50x	as long as short
OKX APE-USDT-SWAP	+0.0100%	8h	0.1475	+0.027%	$1.3M	$1.5M	20x	as long as short
Gate APE_USDT	+0.0100%	8h	0.1476	+0.068%	$639K	$313K	50x	as long as short
MEXC APE_USDT	+0.0100%	8h	0.1475	0.000%	$4.2M	$825K	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin APEUSDTMlong	+0.0100%	8h	0.1475	long leg	$1.8M	$3.9M	50x
Bitget APEUSDT	+0.0100%	8h	0.1476	+0.068%	$2.1M	$600K	25x	as long as short
BingX APE-USDT	+0.0100%	8h	0.1477	+0.136%	—	$13.0M	—	as long as short
Variational Omni APE	+0.0100%	8h	0.1478	+0.218%	$5K	$14K	—	as long as short
BloFin APE-USDT	+0.0101%	8h	0.1478	+0.203%	$218K	$60K	75x	as long as short
Extended APE-USD	+0.0104%	1h	0.1477	+0.160%	$4K	$208K	10x	as long as short
dYdX APE-USD	+0.0186%	1h	0.1479	+0.285%	$9K	—	5x	as long as short
Kraken Futures PF_APEUSD	+0.0231%	1h	0.1477	+0.140%	$401K	$693K	20x	as long as short
Deribit APE_USDC-PERPETUAL	+0.0428%	1h	0.1477	+0.136%	$5K	$24K	25x	as long as short
Coinbase International APE-PERP-INTX	+0.1104%	1h	0.1484	+0.610%	$100K	$8K	25x	as long as short