Funding arb · Price arb /

APE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0285%/8h= −31.2% APRpaid last 24h −0.083%

Price spread now: GMX against Aster+0.135%51s7-day average — · you sell dearer than you buy

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

Long on Aster 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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. GMX is 0.135% dearer against Aster than usual: you sell high and buy low (spread +0.135% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 38 hours. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster APEUSDT	0.1474	0.0100	pay 0.0100% / 8h	39m 35s	$123K	$20K	10x
Short	GMX APE/USD [APE-USDC]	0.1476	L −0.0178% / S +0.0185%	pay 0.0023% / 1h	39m 35s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aster. 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 AsterbpFee GMXbpOrdersPrice spread, now +0.135%Rate

Funding earned: −$59.82
Price spread: +0.135% → 0.000%: $13.48
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$66.34
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 61 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 Aster live order book, 61 min ago	10.20 bp	28.0 bp −$28	doesn't fit	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
GMX APE/USD [APE-USDC]short	L −0.0178% / S +0.0185%	1h	0.1476	+0.135%	$1K	—	100x
Reya APERUSDPERP	0.0000%	1h	0.1235	−16.210%	—	—	—	as long as short
Injective APE/USDC PERP	+0.0033%	1h	0.1378	−6.509%	$1K	$12K	5.5x	as long as short
Hyperliquid APE	+0.0100%	1h	0.1476	+0.167%	$1.3M	$374K	5x	as long as short
Aster APEUSDTlong	+0.0100%	8h	0.1474	long leg	$123K	$20K	10x
Binance APEUSDT	+0.0100%	8h	0.1474	−0.004%	$4.1M	$7.2M	50x	as long as short
Bybit APEUSDT	+0.0100%	8h	0.1473	−0.050%	$3.6M	$3.0M	50x	as long as short
OKX APE-USDT-SWAP	+0.0100%	8h	0.1474	+0.004%	$1.3M	$1.5M	20x	as long as short
Gate APE_USDT	+0.0100%	8h	0.1475	+0.072%	$638K	$313K	50x	as long as short
MEXC APE_USDT	+0.0100%	8h	0.1474	+0.004%	$4.2M	$825K	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin APEUSDTM	+0.0100%	8h	0.1474	+0.004%	$1.8M	$3.9M	50x	as long as short
Bitget APEUSDT	+0.0100%	8h	0.1475	+0.072%	$2.1M	$600K	25x	as long as short
BingX APE-USDT	+0.0100%	8h	0.1475	+0.072%	—	$13.0M	—	as long as short
Variational Omni APE	+0.0100%	8h	0.1478	+0.290%	$5K	$14K	—	as long as short
BloFin APE-USDT	+0.0101%	8h	0.1478	+0.275%	$218K	$60K	75x	as long as short
Extended APE-USD	+0.0104%	1h	0.1474	−0.003%	$4K	$208K	10x	as long as short
dYdX APE-USD	+0.0177%	1h	0.1477	+0.188%	$9K	—	5x	as long as short
Kraken Futures PF_APEUSD	+0.0231%	1h	0.1477	+0.212%	$401K	$693K	20x	as long as short
Deribit APE_USDC-PERPETUAL	+0.0428%	1h	0.1477	+0.207%	$5K	$24K	25x	as long as short
Coinbase International APE-PERP-INTX	+0.1104%	1h	0.1484	+0.682%	$100K	$8K	25x	as long as short