Settings8H · net · $10k
Funding arb · Price arb /

APEX

all APEX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against ApeX Omni+0.232%7-day average −0.541% · you sell dearer than you buy
Net, funding: paid 7d − costs−$454as in the Funding arb table
Net, price: spread back to 7d avg − costs−$375as in the Price arb table
costs, in and out, $10k−$4524.525% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.014%−$1 on $10k
Price spread, last 4 days (all we have)−0.448%−$45 · spread now +0.232%, 7d avg −0.541%
Together, before fees−0.462%−$46 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.773% dearer against ApeX Omni than usual: you sell high and buy low, +$77 on $10k if it goes back to its 7-day average of −0.541%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni APEXUSDT0.25860.0100pay 0.0013% / 1h29m 02s$138K$431K50x
ShortBingX APEX-USDT0.25920.0100get 0.0050% / 4h2h 29m$1.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against ApeX Omni. 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

Funding earned
$0
Price spread: +0.232% → −0.541%
$77.3
Slippage, 4 orders
−$432.46
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$375.17
Costs to cover
4.525%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 38 min ago; BingX: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 38 min ago97.83 bp165.9 bp −$166doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 7 min ago27.06 bp92.1 bp −$92362.1 bp −$3,621746.6 bp −$74.7K1064.4 bp −$532.2K

APEX on 7 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit APEXUSDT+0.0100%4h0.2590+0.155%$3.6M$1.3M25xas long as short
MEXC APEX_USDT+0.0100%4h0.2594+0.309%$586K$248K50xas long as short
BingX APEX-USDTshort+0.0100%4h0.2592+0.232%$1.3M
Variational Omni APEX+0.0100%4h0.2593+0.274%$19K$6Kas long as short
ApeX Omni APEXUSDTlong+0.0100%1h0.2586long leg$138K$431K50x
Hyperliquid APEX+0.1508%1h0.2597+0.445%$2.9M$117K3xas long as short
Lighter APEX+0.1776%1h0.2601+0.572%$57K$23K5xas long as short