Funding arb · Price arb /

APE

all APE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1004%/8h= +109.9% APRpaid last 24h +0.209%

Price spread now: Coinbase International against Gate+0.196%7-day average +0.409% · you sell dearer than you buy

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

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.764%+$76 on $10k

Price spread, last 4 days (all we have)+0.309%+$31 · spread now +0.196%, 7d avg +0.409%

Together, before fees+1.074%+$107 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.214% cheaper against Gate than usual: you would sell low and buy high (spread +0.196% now, against its 7-day average of +0.409%). If the spread goes back, that is −$21 on $10k: about 17 hours of funding at the current rate (+$30 a day). At the pace of the last 7 days (+0.764% in total) that is about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate APE_USDT	0.1482	0.0100	pay 0.0100% / 8h	7h 03m	$641K	$312K	50x
Short	Coinbase International APE-PERP-INTX	0.1485	0.1104	get 0.0138% / 1h	3m 34s	$100K	$8K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now +0.196%Rate

Funding earned: $210.84
Price spread: +0.196% → +0.409%: −$21.35
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $164.49
Costs to cover: 0.250%
Break-even: 1.5 days

Slippage unknown: Gate: live order book, 28 min ago; Coinbase International: live order book, 5 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 Gate live order book, 28 min ago	9.27 bp	21.4 bp −$21	110.5 bp −$1,105	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	13.51 bp	31.8 bp −$32	doesn't fit	doesn't fit	doesn't fit

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	0.1483	+0.030%	$1K	—	100x	as long as short
Reya APERUSDPERP	0.0000%	1h	0.1235	−16.671%	—	—	—	as long as short
dYdX APE-USD	+0.0030%	1h	0.1482	+0.002%	$9K	—	5x	as long as short
Injective APE/USDC PERP	+0.0033%	1h	0.1378	−7.024%	$1K	$12K	5.5x	as long as short
Hyperliquid APE	+0.0100%	1h	0.1484	+0.108%	$1.3M	$362K	5x	as long as short
Aster APEUSDT	+0.0100%	8h	0.1482	−0.001%	$123K	$20K	10x	as long as short
Binance APEUSDT	+0.0100%	8h	0.1483	+0.061%	$4.2M	$7.2M	50x	as long as short
Bybit APEUSDT	+0.0100%	8h	0.1482	−0.013%	$3.7M	$2.9M	50x	as long as short
OKX APE-USDT-SWAP	+0.0100%	8h	0.1483	+0.067%	$1.3M	$1.6M	20x	as long as short
Gate APE_USDTlong	+0.0100%	8h	0.1482	long leg	$641K	$312K	50x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC APE_USDT	+0.0100%	8h	0.1482	−0.007%	$4.2M	$768K	50x	as long as short
KuCoin APEUSDTM	+0.0100%	8h	0.1482	−0.007%	$1.9M	$4.2M	50x	as long as short
Bitget APEUSDT	+0.0100%	8h	0.1483	+0.061%	$2.1M	$588K	25x	as long as short
BingX APE-USDT	+0.0100%	8h	0.1482	−0.007%	—	$13.0M	—	as long as short
Variational Omni APE	+0.0100%	8h	0.1483	+0.078%	$5K	$14K	—	as long as short
Extended APE-USD	+0.0104%	1h	0.1483	+0.034%	$4K	$211K	10x	as long as short
BloFin APE-USDT	+0.0110%	8h	0.1482	−0.007%	$216K	$60K	75x	as long as short
Kraken Futures PF_APEUSD	+0.0352%	1h	0.1484	+0.153%	$407K	$695K	20x	as long as short
Deribit APE_USDC-PERPETUAL	+0.0425%	1h	0.1483	+0.061%	$1K	$23K	25x	as long as short
Coinbase International APE-PERP-INTXshort	+0.1104%	1h	0.1485	+0.196%	$100K	$8K	25x