Funding arb · Price arb /

APE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0285%/8h= −31.2% APRpaid last 24h −0.073%

Price spread now: GMX against KuCoin+0.017%7-day average — · you sell dearer than you buy

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

Long on KuCoin 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin APEUSDTM	0.1465	0.0100	pay 0.0100% / 8h	7h 24m	$1.8M	$2.3M	50x
Short	GMX APE/USD [APE-USDC]	0.1465	L −0.0178% / S +0.0185%	pay 0.0023% / 1h	24m 08s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$59.77
Price spread: +0.017% → 0.000%: $1.71
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$82.06
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago	6.82 bp	46.9 bp −$47	155.1 bp −$1,551	doesn't fit	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	−0.0212%	1h	0.1466	+0.061%	$408K	$594K	20x	as long as short
GMX APE/USD [APE-USDC]short	L −0.0178% / S +0.0185%	1h	0.1465	+0.017%	$1K	—	100x
Reya APERUSDPERP	0.0000%	1h	0.1235	−15.701%	—	—	—	as long as short
Deribit APE_USDC-PERPETUAL	0.0000%	1h	0.1465	0.000%	$11K	$18K	25x	as long as short
dYdX APE-USD	+0.0032%	1h	0.1466	+0.053%	$9K	$5	5x	as long as short
Injective APE/USDC PERP	+0.0033%	1h	0.1378	−5.939%	$1K	$12K	5.5x	as long as short
BloFin APE-USDT	+0.0075%	8h	0.1468	+0.205%	$221K	$49K	75x	as long as short
Hyperliquid APE	+0.0100%	1h	0.1467	+0.171%	$1.3M	$368K	5x	as long as short
Aster APEUSDT	+0.0100%	8h	0.1466	+0.070%	$122K	$22K	10x	as long as short
Binance APEUSDT	+0.0100%	8h	0.1466	+0.056%	$4.1M	$6.3M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit APEUSDT	+0.0100%	8h	0.1465	+0.014%	$3.6M	$2.8M	50x	as long as short
OKX APE-USDT-SWAP	+0.0100%	8h	0.1465	+0.020%	$1.3M	$1.4M	20x	as long as short
Gate APE_USDT	+0.0100%	8h	0.1466	+0.075%	$625K	$299K	50x	as long as short
MEXC APE_USDT	+0.0100%	8h	0.1465	0.000%	$4.3M	$949K	50x	as long as short
KuCoin APEUSDTMlong	+0.0100%	8h	0.1465	long leg	$1.8M	$2.3M	50x
Bitget APEUSDT	+0.0100%	8h	0.1466	+0.068%	$2.1M	$545K	25x	as long as short
BingX APE-USDT	+0.0100%	8h	0.1466	+0.068%	—	$13.0M	—	as long as short
Variational Omni APE	+0.0100%	8h	0.1467	+0.151%	$7K	$12K	—	as long as short
Extended APE-USD	+0.0104%	1h	0.1466	+0.043%	$5K	$206K	10x	as long as short
Coinbase International APE-PERP-INTX	+0.0840%	1h	0.1475	+0.683%	$99K	$7K	25x	as long as short