Funding arb · Price arb /

APE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h +0.019%

Price spread now: Binance against dYdX−0.170%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Binance

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. Binance is 0.170% cheaper against dYdX than usual: you would sell low and buy high (spread −0.170% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 9.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX APE-USD	0.1469	0.0037	pay 0.0005% / 1h	30m 17s	$9K	$5	5x
Short	Binance APEUSDT	0.1467	0.0100	get 0.0100% / 8h	7h 30m	$4.1M	$6.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against dYdX. 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 dYdXbpFee BinancebpOrdersPrice spread, now −0.170%Rate

Funding earned: $13.16
Price spread: −0.170% → 0.000%: −$17.04
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$23.88
Costs to cover: 0.200%
Break-even: 19.7 days

Slippage unknown: dYdX: no order-book sample; Binance: live order book, 8 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell Binance live order book, 8 min ago	3.40 bp	17.0 bp −$17	72.0 bp −$720	doesn't fit	doesn't fit

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 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	−0.0212%	1h	0.1466	−0.206%	$408K	$599K	20x	as long as short
GMX APE/USD [APE-USDC]	L −0.0178% / S +0.0185%	1h	0.1466	−0.240%	$1K	—	100x	as long as short
Reya APERUSDPERP	0.0000%	1h	0.1235	−15.947%	—	—	—	as long as short
Deribit APE_USDC-PERPETUAL	0.0000%	1h	0.1466	−0.223%	$11K	$18K	25x	as long as short
Injective APE/USDC PERP	+0.0033%	1h	0.1378	−6.213%	$1K	$12K	5.5x	as long as short
dYdX APE-USDlong	+0.0037%	1h	0.1469	long leg	$9K	$5	5x
Hyperliquid APE	+0.0100%	1h	0.1469	−0.046%	$1.3M	$368K	5x	as long as short
Aster APEUSDT	+0.0100%	8h	0.1469	−0.050%	$122K	$22K	10x	as long as short
Binance APEUSDTshort	+0.0100%	8h	0.1467	−0.170%	$4.1M	$6.3M	50x
Bybit APEUSDT	+0.0100%	8h	0.1467	−0.155%	$3.6M	$2.8M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX APE-USDT-SWAP	+0.0100%	8h	0.1466	−0.251%	$1.3M	$1.4M	20x	as long as short
Gate APE_USDT	+0.0100%	8h	0.1467	−0.149%	$626K	$299K	50x	as long as short
MEXC APE_USDT	+0.0100%	8h	0.1467	−0.155%	$4.3M	$949K	50x	as long as short
KuCoin APEUSDTM	+0.0100%	8h	0.1469	−0.019%	$1.8M	$2.3M	50x	as long as short
Bitget APEUSDT	+0.0100%	8h	0.1467	−0.155%	$2.1M	$548K	25x	as long as short
BingX APE-USDT	+0.0100%	8h	0.1468	−0.087%	—	$13.0M	—	as long as short
Variational Omni APE	+0.0100%	8h	0.1470	+0.016%	$7K	$12K	—	as long as short
Extended APE-USD	+0.0104%	1h	0.1466	−0.219%	$5K	$214K	10x	as long as short
BloFin APE-USDT	+0.0118%	8h	0.1470	+0.049%	$221K	$49K	75x	as long as short
Coinbase International APE-PERP-INTX	+0.0840%	1h	0.1475	+0.389%	$99K	$7K	25x	as long as short