Funding arb · Price arb /

APE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0333%/8h= −36.4% APRpaid last 24h −0.011%

Price spread now: Gate against Deribit+0.027%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 Gate

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. Gate is 0.027% dearer against Deribit than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit APE_USDC-PERPETUAL	0.1466	0.0433	pay 0.0054% / 1h	21m 45s	$11K	$18K	25x
Short	Gate APE_USDT	0.1466	0.0100	get 0.0100% / 8h	2h 21m	$633K	$292K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.027%Rate

Funding earned: −$69.84
Price spread: +0.027% → 0.000%: $2.73
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$89.12
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Gate: live order book, 64 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 Gate live order book, 64 min ago	6.88 bp	20.7 bp −$21	82.2 bp −$822	doesn't fit	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	0.1465	−0.071%	$1K	—	100x	as long as short
Reya APERUSDPERP	0.0000%	1h	0.1235	−15.758%	—	—	—	as long as short
Injective APE/USDC PERP	+0.0033%	1h	0.1378	−6.003%	$1K	$12K	5.5x	as long as short
dYdX APE-USD	+0.0039%	1h	0.1465	−0.059%	$9K	$5	5x	as long as short
BloFin APE-USDT	+0.0077%	8h	0.1466	0.000%	$223K	$47K	75x	as long as short
Hyperliquid APE	+0.0100%	1h	0.1468	+0.130%	$1.3M	$370K	5x	as long as short
Aster APEUSDT	+0.0100%	8h	0.1466	+0.004%	$122K	$22K	10x	as long as short
Binance APEUSDT	+0.0100%	8h	0.1466	0.000%	$4.2M	$6.1M	50x	as long as short
Bybit APEUSDT	+0.0100%	8h	0.1467	+0.041%	$3.7M	$2.5M	50x	as long as short
OKX APE-USDT-SWAP	+0.0100%	8h	0.1468	+0.136%	$1.3M	$1.3M	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_USDTshort	+0.0100%	8h	0.1466	+0.027%	$633K	$292K	50x
MEXC APE_USDT	+0.0100%	8h	0.1465	−0.068%	$3.8M	$866K	50x	as long as short
KuCoin APEUSDTM	+0.0100%	8h	0.1466	0.000%	$1.8M	$1.8M	50x	as long as short
Bitget APEUSDT	+0.0100%	8h	0.1468	+0.136%	$2.1M	$538K	25x	as long as short
BingX APE-USDT	+0.0100%	8h	0.1466	0.000%	—	$13.4M	—	as long as short
Variational Omni APE	+0.0100%	8h	0.1467	+0.041%	$7K	$12K	—	as long as short
Extended APE-USD	+0.0104%	1h	0.1466	−0.011%	$4K	$220K	10x	as long as short
Kraken Futures PF_APEUSD	+0.0155%	1h	0.1466	−0.021%	$411K	$571K	20x	as long as short
Deribit APE_USDC-PERPETUALlong	+0.0433%	1h	0.1466	long leg	$11K	$18K	25x
Coinbase International APE-PERP-INTX	+0.0648%	1h	0.1470	+0.273%	$99K	$7K	25x	as long as short