Funding arb · Price arb /

APE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0285%/8h= −31.2% APRpaid last 24h −0.079%

Price spread now: GMX against OKX+0.092%7-day average — · you sell dearer than you buy

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

Long on OKX Short on GMX

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. GMX is 0.092% dearer against OKX than usual: you sell high and buy low (spread +0.092% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX APE-USDT-SWAP	0.1465	0.0100	pay 0.0100% / 8h	5h 05m	$1.3M	$1.4M	20x
Short	GMX APE/USD [APE-USDC]	0.1467	L −0.0178% / S +0.0185%	pay 0.0023% / 1h	5m 21s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$59.82
Price spread: +0.092% → 0.000%: $9.21
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$72.61
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 1 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 1 min ago	0.68 bp	25.4 bp −$25	doesn't fit	doesn't fit	doesn'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 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
Kraken Futures PF_APEUSD	−0.0179%	1h	0.1468	+0.192%	$404K	$611K	20x	as long as short
GMX APE/USD [APE-USDC]short	L −0.0178% / S +0.0185%	1h	0.1467	+0.092%	$1K	—	100x
Reya APERUSDPERP	0.0000%	1h	0.1235	−15.711%	—	—	—	as long as short
Deribit APE_USDC-PERPETUAL	0.0000%	1h	0.1466	+0.055%	$11K	$18K	25x	as long as short
Injective APE/USDC PERP	+0.0033%	1h	0.1378	−5.951%	$1K	$12K	5.5x	as long as short
dYdX APE-USD	+0.0062%	1h	0.1467	+0.100%	$9K	$5	5x	as long as short
Hyperliquid APE	+0.0100%	1h	0.1471	+0.389%	$1.3M	$363K	5x	as long as short
Aster APEUSDT	+0.0100%	8h	0.1467	+0.157%	$122K	$21K	10x	as long as short
Binance APEUSDT	+0.0100%	8h	0.1468	+0.195%	$4.1M	$6.6M	50x	as long as short
Bybit APEUSDT	+0.0100%	8h	0.1467	+0.157%	$3.6M	$3.0M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX APE-USDT-SWAPlong	+0.0100%	8h	0.1465	long leg	$1.3M	$1.4M	20x
Gate APE_USDT	+0.0100%	8h	0.1468	+0.191%	$631K	$309K	50x	as long as short
MEXC APE_USDT	+0.0100%	8h	0.1468	+0.191%	$4.4M	$879K	50x	as long as short
KuCoin APEUSDTM	+0.0100%	8h	0.1468	+0.191%	$1.8M	$2.9M	50x	as long as short
Bitget APEUSDT	+0.0100%	8h	0.1468	+0.191%	$2.1M	$548K	25x	as long as short
BingX APE-USDT	+0.0100%	8h	0.1467	+0.123%	—	$13.1M	—	as long as short
Variational Omni APE	+0.0100%	8h	0.1467	+0.134%	$7K	$12K	—	as long as short
Extended APE-USD	+0.0104%	1h	0.1468	+0.169%	$4K	$206K	10x	as long as short
BloFin APE-USDT	+0.0220%	8h	0.1469	+0.259%	$221K	$57K	75x	as long as short
Coinbase International APE-PERP-INTX	+0.0880%	1h	0.1483	+1.215%	$100K	$7K	25x	as long as short