Funding arb · Price arb /

APE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0331%/8h= +36.3% APRpaid last 24h +0.041%

Price spread now: Deribit against OKX−0.109%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Deribit

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. Deribit is 0.109% cheaper against OKX than usual: you would sell low and buy high (spread −0.109% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 26 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX APE-USDT-SWAP	0.1471	0.0100	pay 0.0100% / 8h	7h 22m	$1.3M	$1.5M	20x
Short	Deribit APE_USDC-PERPETUAL	0.1469	0.0431	get 0.0054% / 1h	22m 52s	$5K	$24K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against OKX. 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 OKXbpFee DeribitbpOrdersPrice spread, now −0.109%Rate

Funding earned: $69.55
Price spread: −0.109% → 0.000%: −$10.88
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $41.67
Costs to cover: 0.170%
Break-even: 2.8 days

Slippage unknown: OKX: live order book, 4 min ago; Deribit: 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 OKX live order book, 4 min ago	1.71 bp	25.3 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

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	0.1468	−0.198%	$1K	—	100x	as long as short
dYdX APE-USD	0.0000%	1h	0.1462	−0.604%	$9K	—	5x	as long as short
Reya APERUSDPERP	0.0000%	1h	0.1235	−16.018%	—	—	—	as long as short
Injective APE/USDC PERP	+0.0033%	1h	0.1378	−6.297%	$1K	$12K	5.5x	as long as short
BloFin APE-USDT	+0.0071%	8h	0.1465	−0.381%	$217K	$59K	75x	as long as short
Hyperliquid APE	+0.0100%	1h	0.1471	+0.048%	$1.3M	$370K	5x	as long as short
Aster APEUSDT	+0.0100%	8h	0.1469	−0.084%	$122K	$20K	10x	as long as short
Binance APEUSDT	+0.0100%	8h	0.1470	−0.041%	$4.1M	$7.2M	50x	as long as short
Bybit APEUSDT	+0.0100%	8h	0.1470	−0.068%	$3.6M	$2.9M	50x	as long as short
OKX APE-USDT-SWAPlong	+0.0100%	8h	0.1471	long leg	$1.3M	$1.5M	20x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate APE_USDT	+0.0100%	8h	0.1468	−0.170%	$635K	$308K	50x	as long as short
MEXC APE_USDT	+0.0100%	8h	0.1469	−0.109%	$4.2M	$763K	50x	as long as short
KuCoin APEUSDTM	+0.0100%	8h	0.1468	−0.177%	$1.8M	$4.2M	50x	as long as short
Bitget APEUSDT	+0.0100%	8h	0.1470	−0.041%	$2.1M	$606K	25x	as long as short
BingX APE-USDT	+0.0100%	8h	0.1469	−0.109%	—	$13.0M	—	as long as short
Variational Omni APE	+0.0100%	8h	0.1458	−0.876%	$5K	$14K	—	as long as short
Extended APE-USD	+0.0104%	1h	0.1469	−0.105%	$4K	$208K	10x	as long as short
Kraken Futures PF_APEUSD	+0.0355%	1h	0.1469	−0.092%	$403K	$691K	20x	as long as short
Deribit APE_USDC-PERPETUALshort	+0.0431%	1h	0.1469	−0.109%	$5K	$24K	25x
Coinbase International APE-PERP-INTX	+0.1104%	1h	0.1471	+0.027%	$99K	$8K	25x	as long as short