Funding arb · Price arb /

APE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0185%/8h= −20.2% APRnext payment −$0.23 per $10,000 · paid last 24h —

Price spread now: GMX against Reya+18.770%7-day average — · you sell dearer than you buy

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

Long on Reya Short on GMX

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. GMX is 18.770% dearer against Reya than usual: you sell high and buy low (spread +18.770% now, against zero (this spread has no 7-day history yet)): +$1,877 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 11 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya APERUSDPERP	0.1235	0	get 0.0000% / 1h	24m 00s	—	—	—
Short	GMX APE/USD [APE-USDC]	0.1467	L −0.0178% / S +0.0185%	pay 0.0023% / 1h	24m 00s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Reya. 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 ReyabpFee GMXbpOrdersPrice spread, now +18.770%Rate

Funding earned: −$38.77
Price spread: +18.770% → 0.000%: $1,876.96
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: $1,820.2
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; 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 Reya no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Reya and 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	0.1467	+18.770%	$1K	—	100x
Reya APERUSDPERPlong	0.0000%	1h	0.1235	long leg	—	—	—
Deribit APE_USDC-PERPETUAL	0.0000%	1h	0.1467	+18.786%	$11K	$18K	25x	as long as short
dYdX APE-USD	+0.0030%	1h	0.1465	+18.635%	$9K	$5	5x	as long as short
Injective APE/USDC PERP	+0.0033%	1h	0.1378	+11.579%	$1K	$12K	5.5x	as long as short
Hyperliquid APE	+0.0100%	1h	0.1468	+18.859%	$1.3M	$370K	5x	as long as short
Aster APEUSDT	+0.0100%	8h	0.1467	+18.800%	$122K	$22K	10x	as long as short
Binance APEUSDT	+0.0100%	8h	0.1467	+18.745%	$4.2M	$6.1M	50x	as long as short
Bybit APEUSDT	+0.0100%	8h	0.1468	+18.834%	$3.7M	$2.5M	50x	as long as short
OKX APE-USDT-SWAP	+0.0100%	8h	0.1467	+18.786%	$1.3M	$1.3M	20x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate APE_USDT	+0.0100%	8h	0.1467	+18.810%	$633K	$292K	50x	as long as short
MEXC APE_USDT	+0.0100%	8h	0.1467	+18.786%	$3.8M	$866K	50x	as long as short
KuCoin APEUSDTM	+0.0100%	8h	0.1467	+18.786%	$1.8M	$1.8M	50x	as long as short
Bitget APEUSDT	+0.0100%	8h	0.1469	+18.948%	$2.1M	$538K	25x	as long as short
BingX APE-USDT	+0.0100%	8h	0.1467	+18.786%	—	$13.4M	—	as long as short
Variational Omni APE	+0.0100%	8h	0.1467	+18.753%	$7K	$12K	—	as long as short
Extended APE-USD	+0.0104%	1h	0.1466	+18.732%	$4K	$220K	10x	as long as short
BloFin APE-USDT	+0.0116%	8h	0.1465	+18.624%	$223K	$47K	75x	as long as short
Kraken Futures PF_APEUSD	+0.0155%	1h	0.1467	+18.746%	$411K	$571K	20x	as long as short
Coinbase International APE-PERP-INTX	+0.0648%	1h	0.1470	+19.029%	$99K	$7K	25x	as long as short