Funding arb · Price arb /

APE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0357%/8h= −39.0% APRpaid last 24h −0.038%

Price spread now: BloFin against Deribit+0.069%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 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 pays, funding is against you. BloFin is 0.069% dearer against Deribit than usual: you sell high and buy low (spread +0.069% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit APE_USDC-PERPETUAL	0.1458	0.0436	pay 0.0055% / 1h	30m 36s	$5K	$24K	25x
Short	BloFin APE-USDT	0.1459	0.0080	get 0.0080% / 8h	7h 30m	$216K	$59K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Deribit. 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 DeribitbpFee BloFinbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$74.88
Price spread: +0.069% → 0.000%: $6.86
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$87.03
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; BloFin: live order book, 26 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell BloFin live order book, 26 min ago	3.41 bp	15.0 bp −$15	32.9 bp −$329	271.7 bp −$27.2K	doesn't fit

Deribit: 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]	L −0.0178% / S +0.0185%	1h	0.1457	−0.042%	$1K	—	100x	as long as short
dYdX APE-USD	0.0000%	1h	0.1459	+0.043%	$9K	—	5x	as long as short
Reya APERUSDPERP	0.0000%	1h	0.1235	−15.292%	—	—	—	as long as short
Injective APE/USDC PERP	+0.0033%	1h	0.1378	−5.487%	$1K	$12K	5.5x	as long as short
BloFin APE-USDTshort	+0.0080%	8h	0.1459	+0.069%	$216K	$59K	75x
Hyperliquid APE	+0.0100%	1h	0.1459	+0.062%	$1.3M	$374K	5x	as long as short
Aster APEUSDT	+0.0100%	8h	0.1457	−0.048%	$121K	$20K	10x	as long as short
Binance APEUSDT	+0.0100%	8h	0.1456	−0.109%	$4.1M	$7.3M	50x	as long as short
Bybit APEUSDT	+0.0100%	8h	0.1456	−0.151%	$3.6M	$2.9M	50x	as long as short
OKX APE-USDT-SWAP	+0.0100%	8h	0.1455	−0.219%	$1.3M	$1.5M	20x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate APE_USDT	+0.0100%	8h	0.1457	−0.062%	$630K	$307K	50x	as long as short
MEXC APE_USDT	+0.0100%	8h	0.1457	−0.069%	$4.2M	$762K	50x	as long as short
KuCoin APEUSDTM	+0.0100%	8h	0.1457	−0.069%	$1.8M	$4.2M	50x	as long as short
Bitget APEUSDT	+0.0100%	8h	0.1457	−0.069%	$2.1M	$606K	25x	as long as short
BingX APE-USDT	+0.0100%	8h	0.1457	−0.069%	—	$13.0M	—	as long as short
Variational Omni APE	+0.0100%	8h	0.1457	−0.075%	$5K	$14K	—	as long as short
Extended APE-USD	+0.0104%	1h	0.1457	−0.096%	$4K	$213K	10x	as long as short
Kraken Futures PF_APEUSD	+0.0358%	1h	0.1458	+0.011%	$397K	$689K	20x	as long as short
Deribit APE_USDC-PERPETUALlong	+0.0436%	1h	0.1458	long leg	$5K	$24K	25x
Coinbase International APE-PERP-INTX	+0.1104%	1h	0.1471	+0.892%	$99K	$8K	25x	as long as short