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

APE

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Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0285%/8h= −31.2% APRpaid last 24h −0.080%
Price spread now: GMX against Binance−0.138%7-day average · you buy dearer than you sell
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 against this trade now: funding costs −$9 a day on $10k at the current rate, and GMX is 0.138% cheaper against Binance than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance APEUSDT0.14820.0100pay 0.0100% / 8h3h 28m$4.1M$6.9M50x
ShortGMX APE/USD [APE-USDC]0.1480L −0.0178% / S +0.0185%pay 0.0023% / 1h28m 16s$1K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Binance. 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
−$59.82
Price spread: −0.138% → 0.000%
−$13.82
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
−$95.64
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 10 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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 10 min ago3.37 bp19.8 bp −$2088.6 bp −$886doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX APE/USD [APE-USDC]shortL −0.0178% / S +0.0185%1h0.1480−0.138%$1K100x
Reya APERUSDPERP0.0000%1h0.1235−16.652%as long as short
Injective APE/USDC PERP+0.0033%1h0.1378−7.004%$1K$12K5.5xas long as short
dYdX APE-USD+0.0087%1h0.1484+0.183%$9K$55xas long as short
Hyperliquid APE+0.0100%1h0.1483+0.075%$1.3M$376K5xas long as short
Aster APEUSDT+0.0100%8h0.1482+0.016%$124K$22K10xas long as short
Binance APEUSDTlong+0.0100%8h0.1482long leg$4.1M$6.9M50x
Bybit APEUSDT+0.0100%8h0.1482−0.013%$3.7M$3.1M50xas long as short
OKX APE-USDT-SWAP+0.0100%8h0.1481−0.046%$1.3M$1.5M20xas long as short
Gate APE_USDT+0.0100%8h0.1481−0.053%$636K$313K50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC APE_USDT+0.0100%8h0.1482+0.014%$4.5M$871K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.1481−0.053%$1.8M$3.3M50xas long as short
Bitget APEUSDT+0.0100%8h0.1481−0.053%$2.1M$578K25xas long as short
BingX APE-USDT+0.0100%8h0.1482+0.014%$13.1Mas long as short
Variational Omni APE+0.0100%8h0.1492+0.712%$8K$12Kas long as short
Extended APE-USD+0.0104%1h0.1482−0.008%$7K$209K10xas long as short
BloFin APE-USDT+0.0220%8h0.1485+0.217%$218K$58K75xas long as short
Deribit APE_USDC-PERPETUAL+0.0426%1h0.1481−0.053%$9K$21K25xas long as short
Coinbase International APE-PERP-INTX+0.0880%1h0.1496+0.959%$101K$8K25xas long as short
Kraken Futures PF_APEUSD+0.0978%1h0.1483+0.105%$407K$646K20xas long as short