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

APE

all APE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0285%/8h= −31.2% APRpaid last 24h −0.079%
Price spread now: GMX against BingX−0.076%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 0.076% cheaper against BingX than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX APE-USDT0.14740.0100pay 0.0100% / 8h6h 04m$13.1M
ShortGMX APE/USD [APE-USDC]0.1473L −0.0178% / S +0.0185%pay 0.0023% / 1h4m 31s$1K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against BingX. 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: −0.076% → 0.000%
−$7.6
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
−$89.42
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 4 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 BingX live order book, 4 min ago10.19 bp25.1 bp −$2579.1 bp −$791422.6 bp −$42.3Kdoesn'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 19 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
Kraken Futures PF_APEUSD−0.0224%1h0.1472−0.116%$408K$603K20xas long as short
GMX APE/USD [APE-USDC]shortL −0.0178% / S +0.0185%1h0.1473−0.076%$1K100x
Reya APERUSDPERP0.0000%1h0.1235−16.216%as long as short
dYdX APE-USD+0.0012%1h0.1472−0.138%$9K$55xas long as short
Injective APE/USDC PERP+0.0033%1h0.1378−6.513%$1K$12K5.5xas long as short
Hyperliquid APE+0.0100%1h0.1477+0.183%$1.3M$373K5xas long as short
Aster APEUSDT+0.0100%8h0.1473−0.101%$122K$22K10xas long as short
Binance APEUSDT+0.0100%8h0.1475+0.054%$4.1M$6.5M50xas long as short
Bybit APEUSDT+0.0100%8h0.1474+0.020%$3.7M$3.0M50xas long as short
OKX APE-USDT-SWAP+0.0100%8h0.1474+0.014%$1.3M$1.4M20xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate APE_USDT+0.0100%8h0.1472−0.129%$632K$311K50xas long as short
MEXC APE_USDT+0.0100%8h0.14740.000%$4.4M$901K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.1473−0.068%$1.8M$2.7M50xas long as short
Bitget APEUSDT+0.0100%8h0.14740.000%$2.1M$557K25xas long as short
BingX APE-USDTlong+0.0100%8h0.1474long leg$13.1M
Variational Omni APE+0.0100%8h0.1471−0.214%$7K$12Kas long as short
Extended APE-USD+0.0104%1h0.1473−0.048%$4K$202K10xas long as short
Deribit APE_USDC-PERPETUAL+0.0430%1h0.1471−0.204%$11K$18K25xas long as short
Coinbase International APE-PERP-INTX+0.0904%1h0.14740.000%$99K$7K25xas long as short