Funding you earn now, next payment 03:00 UTC+0.1430%/8h= +156.6% APRnext payment +$1.79 per $10,000 · paid last 24h +0.324%
Price spread now: Hyperliquid against ApeX Omni+0.598%7-day average −0.196% · you sell dearer than you buy
Net, funding: paid 7d − costs−$268as in the Funding arb table
Net, price: spread back to 7d avg − costs−$261as in the Price arb table
costs, in and out, $10k−$3413.409% of the position
Funding, last 7 days+0.730%+$73 on $10k
+Price spread, last 4 days (all we have)−0.209%−$21 · spread now +0.598%, 7d avg −0.196%
=Together, before fees+0.521%+ Points / potential airdropHyperliquid: Season 2 · farm board+$52 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$43 a day on $10k at the current rate, and Hyperliquid is 0.794% dearer against ApeX Omni than usual: you sell high and buy low: +$79 more if the spread goes back to its 7-day average of −0.196%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.730% in total (about 38.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.79 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni APEXUSDT | 0.2578 | 0.0100 | pay 0.0013% / 1h | 44m 38s | $137K | $424K | 50x |
| Short | Hyperliquid APEX | 0.2593 | 0.1530 | get 0.0191% / 1h | 44m 38s | $2.9M | $116K | 3x |
ApeX Omni APEXUSDT
Hyperliquid APEXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $300.28
- Price spread: +0.598% → −0.196%
- $79.45
- Slippage, 4 orders
- −$321.92
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $38.8
- Costs to cover
- 3.409%
- Break-even
- 6.1 days
Slippage from ApeX Omni: live order book, 18 min ago; Hyperliquid: live order book, 7 min ago.
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 ApeX Omni live order book, 18 min ago | 55.57 bp | 172.6 bp −$173 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 3.47 bp | 41.8 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
APEX on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit APEXUSDT | +0.0100% | 4h | 0.2583 | +0.194% | $3.6M | $1.3M | 25x | as long as short |
| MEXC APEX_USDT | +0.0100% | 4h | 0.2583 | +0.194% | $579K | $247K | 50x | as long as short |
| BingX APEX-USDT | +0.0100% | 4h | 0.2583 | +0.194% | — | $1.3M | — | as long as short |
| Variational Omni APEX | +0.0100% | 4h | 0.2577 | −0.037% | $19K | $6K | — | as long as short |
| ApeX Omni APEXUSDTlong | +0.0100% | 1h | 0.2578 | long leg | $137K | $424K | 50x | |
| BloFin APEX-USDT | +0.0156% | 4h | 0.2581 | +0.116% | $94K | $3K | 25x | as long as short |
| Lighter APEX | +0.1104% | 1h | 0.2594 | +0.613% | $57K | $21K | 5x | as long as short |
| Hyperliquid APEXshort | +0.1530% | 1h | 0.2593 | +0.598% | $2.9M | $116K | 3x |
Bybit APEXUSDT
MEXC APEX_USDT
BingX APEX-USDT
Variational Omni APEX
BloFin APEX-USDT
Lighter APEX