Funding arb · Price arb /

APE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0306%/8h= −33.5% APRpaid last 24h −0.081%

Price spread now: GMX against BloFin+0.089%7-day average — · you sell dearer than you buy

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

Long on BloFin 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 0.089% dearer against BloFin than usual: you sell high and buy low (spread +0.089% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin APE-USDT	0.1457	0.0122	pay 0.0122% / 8h	1h 46m	$222K	$48K	75x
Short	GMX APE/USD [APE-USDC]	0.1458	L −0.0178% / S +0.0185%	pay 0.0023% / 1h	46m 47s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BloFin. 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 BloFinbpFee GMXbpOrdersPrice spread, now +0.089%Rate

Funding earned: −$64.32
Price spread: +0.089% → 0.000%: $8.85
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$79.47
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 29 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 BloFin live order book, 29 min ago	6.84 bp	12.8 bp −$13	45.2 bp −$452	368.1 bp −$36.8K	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
Kraken Futures PF_APEUSD	−0.0429%	1h	0.1458	+0.060%	$409K	$571K	20x	as long as short
GMX APE/USD [APE-USDC]short	L −0.0178% / S +0.0185%	1h	0.1458	+0.089%	$1K	—	100x
Reya APERUSDPERP	0.0000%	1h	0.1235	−15.237%	—	—	—	as long as short
Deribit APE_USDC-PERPETUAL	0.0000%	1h	0.1458	+0.069%	$11K	$18K	25x	as long as short
Injective APE/USDC PERP	+0.0033%	1h	0.1378	−5.422%	$1K	$12K	5.5x	as long as short
Hyperliquid APE	+0.0100%	1h	0.1460	+0.213%	$1.3M	$364K	5x	as long as short
Aster APEUSDT	+0.0100%	8h	0.1457	+0.020%	$121K	$22K	10x	as long as short
Binance APEUSDT	+0.0100%	8h	0.1459	+0.103%	$4.1M	$6.2M	50x	as long as short
Bybit APEUSDT	+0.0100%	8h	0.1458	+0.089%	$3.7M	$2.5M	50x	as long as short
OKX APE-USDT-SWAP	+0.0100%	8h	0.1459	+0.137%	$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	0.1458	+0.069%	$629K	$290K	50x	as long as short
MEXC APE_USDT	+0.0100%	8h	0.1458	+0.069%	$3.7M	$846K	50x	as long as short
KuCoin APEUSDTM	+0.0100%	8h	0.1457	0.000%	$1.8M	$1.8M	50x	as long as short
Bitget APEUSDT	+0.0100%	8h	0.1459	+0.137%	$2.1M	$535K	25x	as long as short
BingX APE-USDT	+0.0100%	8h	0.1458	+0.069%	—	$13.4M	—	as long as short
Variational Omni APE	+0.0100%	8h	0.1457	−0.026%	$7K	$12K	—	as long as short
Extended APE-USD	+0.0104%	1h	0.1458	+0.053%	$4K	$220K	10x	as long as short
BloFin APE-USDTlong	+0.0122%	8h	0.1457	long leg	$222K	$48K	75x
Coinbase International APE-PERP-INTX	+0.0688%	1h	0.1470	+0.892%	$99K	$7K	25x	as long as short
dYdX APE-USD	+0.0760%	1h	0.1457	−0.002%	$9K	$5	5x	as long as short