Funding arb · Price arb /

APE

all APE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h −0.019%

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

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

Long on MEXC Short on dYdX

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

The price spread pays, funding is against you. dYdX is 0.068% dearer against MEXC than usual: you sell high and buy low (spread +0.068% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC APE_USDT	0.1473	0.0100	pay 0.0100% / 8h	6h 23m	$4.3M	$885K	50x
Short	dYdX APE-USD	0.1474	0.0005	get 0.0001% / 1h	23m 27s	$9K	$5	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against MEXC. 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 MEXCbpFee dYdXbpOrdersPrice spread, now +0.068%Rate

Funding earned: −$19.97
Price spread: +0.068% → 0.000%: $6.82
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$23.15
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 4 min ago; dYdX: 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 MEXC live order book, 4 min ago	3.38 bp	4.0 bp −$4	30.9 bp −$309	175.8 bp −$17.6K	225.8 bp −$112.9K
Sell dYdX no order-book sample	—	—	—	—	—

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 19 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	−0.0224%	1h	0.1474	+0.036%	$409K	$606K	20x	as long as short
GMX APE/USD [APE-USDC]	L −0.0178% / S +0.0185%	1h	0.1473	−0.020%	$1K	—	100x	as long as short
Reya APERUSDPERP	0.0000%	1h	0.1235	−16.156%	—	—	—	as long as short
Deribit APE_USDC-PERPETUAL	0.0000%	1h	0.1473	0.000%	$11K	$18K	25x	as long as short
dYdX APE-USDshort	+0.0005%	1h	0.1474	+0.068%	$9K	$5	5x
Injective APE/USDC PERP	+0.0033%	1h	0.1378	−6.449%	$1K	$12K	5.5x	as long as short
Hyperliquid APE	+0.0100%	1h	0.1474	+0.088%	$1.3M	$378K	5x	as long as short
Aster APEUSDT	+0.0100%	8h	0.1474	+0.073%	$123K	$22K	10x	as long as short
Binance APEUSDT	+0.0100%	8h	0.1474	+0.073%	$4.1M	$6.6M	50x	as long as short
Bybit APEUSDT	+0.0100%	8h	0.1474	+0.054%	$3.6M	$3.0M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX APE-USDT-SWAP	+0.0100%	8h	0.1474	+0.034%	$1.3M	$1.4M	20x	as long as short
Gate APE_USDT	+0.0100%	8h	0.1474	+0.081%	$634K	$309K	50x	as long as short
MEXC APE_USDTlong	+0.0100%	8h	0.1473	long leg	$4.3M	$885K	50x
KuCoin APEUSDTM	+0.0100%	8h	0.1473	0.000%	$1.8M	$2.6M	50x	as long as short
Bitget APEUSDT	+0.0100%	8h	0.1474	+0.068%	$2.1M	$571K	25x	as long as short
BingX APE-USDT	+0.0100%	8h	0.1473	0.000%	—	$13.1M	—	as long as short
Variational Omni APE	+0.0100%	8h	0.1479	+0.387%	$8K	$12K	—	as long as short
Extended APE-USD	+0.0104%	1h	0.1474	+0.047%	$4K	$206K	10x	as long as short
Coinbase International APE-PERP-INTX	+0.0904%	1h	0.1484	+0.747%	$100K	$7K	25x	as long as short