Funding arb · Price arb /

APE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0187%/8h= +20.5% APRpaid last 24h −0.022%

Price spread now: dYdX against Gate−0.037%7-day average — · you buy dearer than you sell

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

Long on Gate 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

Funding pays, the price is against you. dYdX is 0.037% cheaper against Gate than usual: you would sell low and buy high (spread −0.037% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 16 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate APE_USDT	0.1461	0.0100	pay 0.0100% / 8h	1h 13m	$631K	$293K	50x
Short	dYdX APE-USD	0.1460	0.0287	get 0.0036% / 1h	13m 37s	$9K	$5	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Gate. 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 GatebpFee dYdXbpOrdersPrice spread, now −0.037%Rate

Funding earned: $39.26
Price spread: −0.037% → 0.000%: −$3.69
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: $10.57
Costs to cover: 0.250%
Break-even: 5.1 days

Slippage unknown: Gate: live order book, 3 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 Gate live order book, 3 min ago	3.42 bp	21.1 bp −$21	doesn't fit	doesn't fit	doesn't fit
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 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	−0.0427%	1h	0.1464	+0.202%	$406K	$574K	20x	as long as short
GMX APE/USD [APE-USDC]	L −0.0178% / S +0.0185%	1h	0.1462	+0.072%	$1K	—	100x	as long as short
Reya APERUSDPERP	0.0000%	1h	0.1235	−15.452%	—	—	—	as long as short
Injective APE/USDC PERP	+0.0033%	1h	0.1378	−5.662%	$1K	$12K	5.5x	as long as short
Hyperliquid APE	+0.0100%	1h	0.1465	+0.274%	$1.3M	$367K	5x	as long as short
Aster APEUSDT	+0.0100%	8h	0.1462	+0.084%	$122K	$22K	10x	as long as short
Binance APEUSDT	+0.0100%	8h	0.1462	+0.057%	$4.1M	$6.2M	50x	as long as short
Bybit APEUSDT	+0.0100%	8h	0.1461	+0.014%	$3.7M	$2.5M	50x	as long as short
OKX APE-USDT-SWAP	+0.0100%	8h	0.1460	−0.021%	$1.3M	$1.3M	20x	as long as short
Gate APE_USDTlong	+0.0100%	8h	0.1461	long leg	$631K	$293K	50x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC APE_USDT	+0.0100%	8h	0.1461	+0.021%	$3.7M	$862K	50x	as long as short
KuCoin APEUSDTM	+0.0100%	8h	0.1462	+0.089%	$1.8M	$1.9M	50x	as long as short
Bitget APEUSDT	+0.0100%	8h	0.1462	+0.089%	$2.1M	$530K	25x	as long as short
BingX APE-USDT	+0.0100%	8h	0.1461	+0.021%	—	$13.4M	—	as long as short
Variational Omni APE	+0.0100%	8h	0.1460	−0.033%	$7K	$12K	—	as long as short
Extended APE-USD	+0.0104%	1h	0.1461	+0.037%	$4K	$220K	10x	as long as short
BloFin APE-USDT	+0.0104%	8h	0.1464	+0.226%	$222K	$48K	75x	as long as short
dYdX APE-USDshort	+0.0287%	1h	0.1460	−0.037%	$9K	$5	5x
Deribit APE_USDC-PERPETUAL	+0.0434%	1h	0.1463	+0.157%	$11K	$18K	25x	as long as short
Coinbase International APE-PERP-INTX	+0.0688%	1h	0.1466	+0.363%	$99K	$7K	25x	as long as short