Funding arb · Price arb /

APE

all APE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h −0.015%

Price spread now: dYdX against OKX−0.153%70s7-day average — · you buy dearer than you sell

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

Long on OKX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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

Funding pays, the price is against you. dYdX is 0.153% cheaper against OKX than usual: you would sell low and buy high (spread −0.153% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 5.4 days of funding at the current rate (+$3 a day). The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX APE-USDT-SWAP	0.1469	0.0100	pay 0.0100% / 8h	1h 29m	$1.3M	$1.5M	20x
Short	dYdX APE-USD	0.1466	0.0195	get 0.0024% / 1h	29m 32s	$9K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against OKX. 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 OKXbpFee dYdXbpOrdersPrice spread, now −0.153%Rate

Funding earned: $19.87
Price spread: −0.153% → 0.000%: −$15.32
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$15.45
Costs to cover: 0.200%
Break-even: 12.4 days

Slippage unknown: OKX: live order book, 2 min ago; dYdX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 2 min ago	4.09 bp	23.7 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	0.1466	−0.203%	$1K	—	100x	as long as short
Reya APERUSDPERP	0.0000%	1h	0.1235	−15.906%	—	—	—	as long as short
Injective APE/USDC PERP	+0.0033%	1h	0.1378	−6.169%	$1K	$12K	5.5x	as long as short
BloFin APE-USDT	+0.0081%	8h	0.1468	−0.041%	$216K	$59K	75x	as long as short
Hyperliquid APE	+0.0100%	1h	0.1470	+0.123%	$1.3M	$387K	5x	as long as short
Aster APEUSDT	+0.0100%	8h	0.1469	+0.003%	$122K	$20K	10x	as long as short
Binance APEUSDT	+0.0100%	8h	0.1470	+0.070%	$4.1M	$7.1M	50x	as long as short
Bybit APEUSDT	+0.0100%	8h	0.1468	−0.020%	$3.6M	$3.0M	50x	as long as short
OKX APE-USDT-SWAPlong	+0.0100%	8h	0.1469	long leg	$1.3M	$1.5M	20x
Gate APE_USDT	+0.0100%	8h	0.1468	−0.041%	$635K	$314K	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC APE_USDT	+0.0100%	8h	0.1468	−0.041%	$4.2M	$871K	50x	as long as short
KuCoin APEUSDTM	+0.0100%	8h	0.1468	−0.041%	$1.8M	$3.7M	50x	as long as short
Bitget APEUSDT	+0.0100%	8h	0.1469	+0.027%	$2.1M	$603K	25x	as long as short
BingX APE-USDT	+0.0100%	8h	0.1469	+0.027%	—	$13.0M	—	as long as short
Variational Omni APE	+0.0100%	8h	0.1465	−0.246%	$7K	$12K	—	as long as short
Extended APE-USD	+0.0104%	1h	0.1469	+0.048%	$8K	$207K	10x	as long as short
Kraken Futures PF_APEUSD	+0.0185%	1h	0.1468	−0.025%	$400K	$664K	20x	as long as short
dYdX APE-USDshort	+0.0195%	1h	0.1466	−0.153%	$9K	—	5x
Deribit APE_USDC-PERPETUAL	+0.0432%	1h	0.1467	−0.109%	$9K	$21K	25x	as long as short
Coinbase International APE-PERP-INTX	+0.1024%	1h	0.1477	+0.572%	$100K	$8K	25x	as long as short