Settings8H · net · $10k
Funding arb · Price arb /

APE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0278%/8h= +30.4% APRpaid last 24h +0.087%
Price spread now: BingX against GMX+0.041%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and BingX is 0.041% dearer against GMX than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX APE/USD [APE-USDC]0.1478L −0.0178% / S +0.0185%get 0.0022% / 1h23m 09s$1K100x
ShortBingX APE-USDT0.14790.0100get 0.0100% / 8h3h 23m$13.1M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against GMX. 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

Funding earned
$58.34
Price spread: +0.041% → 0.000%
$4.13
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
$40.46
Costs to cover
0.220%
Break-even
2.1 days
Slippage unknown: GMX: no order-book sample; BingX: live order book, 15 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell BingX live order book, 15 min ago6.73 bp20.1 bp −$2062.2 bp −$622358.7 bp −$35.9Kdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX APE/USD [APE-USDC]longL −0.0178% / S +0.0185%1h0.1478long leg$1K100x
Reya APERUSDPERP0.0000%1h0.1235−16.462%as long as short
Injective APE/USDC PERP+0.0033%1h0.1378−6.790%$1K$12K5.5xas long as short
dYdX APE-USD+0.0099%1h0.1479+0.063%$9K$55xas long as short
Hyperliquid APE+0.0100%1h0.1479+0.062%$1.3M$376K5xas long as short
Aster APEUSDT+0.0100%8h0.1478−0.060%$124K$22K10xas long as short
Binance APEUSDT+0.0100%8h0.1477−0.094%$4.1M$6.9M50xas long as short
Bybit APEUSDT+0.0100%8h0.1477−0.060%$3.7M$3.1M50xas long as short
OKX APE-USDT-SWAP+0.0100%8h0.1477−0.067%$1.3M$1.4M20xas long as short
Gate APE_USDT+0.0100%8h0.1477−0.108%$635K$313K50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC APE_USDT+0.0100%8h0.1477−0.094%$4.4M$871K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.1479+0.041%$1.8M$3.3M50xas long as short
Bitget APEUSDT+0.0100%8h0.1478−0.026%$2.1M$577K25xas long as short
BingX APE-USDTshort+0.0100%8h0.1479+0.041%$13.1M
Variational Omni APE+0.0100%8h0.1479+0.073%$8K$12Kas long as short
Extended APE-USD+0.0104%1h0.1478−0.003%$7K$209K10xas long as short
BloFin APE-USDT+0.0220%8h0.1478−0.026%$217K$58K75xas long as short
Deribit APE_USDC-PERPETUAL+0.0427%1h0.1479+0.041%$9K$21K25xas long as short
Coinbase International APE-PERP-INTX+0.0880%1h0.1496+1.191%$101K$8K25xas long as short
Kraken Futures PF_APEUSD+0.0980%1h0.1481+0.156%$406K$646K20xas long as short