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

APEX

all APEX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.1492%/8h= +163.4% APRnext payment +$1.86 per $10,000 · paid last 24h +0.288%
Price spread now: Lighter against ApeX Omni+0.573%78s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.949%+$95 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$45 a day on $10k at the current rate, and Lighter is 0.573% dearer against ApeX Omni than usual: you sell high and buy low: +$57 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.949% in total (about 49.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.86 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni APEXUSDT0.25650.0100pay 0.0013% / 1h0m 10s$137K$467K50x
ShortLighter APEX0.25800.1592get 0.0199% / 1h0m 10s$54K$21K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
$313.32
Price spread: +0.573% → 0.000%
$57.31
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
$360.63
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: ApeX Omni: live order book, 12 min ago; Lighter: 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
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 12 min ago71.83 bp167.3 bp −$167doesn't fitdoesn't fitdoesn't fit
Sell Lighter no order-book sample
Lighter: 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.

APEX on 8 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%4h0.2572+0.273%$3.6M$1.3M25xas long as short
MEXC APEX_USDT+0.0100%4h0.2571+0.234%$599K$246K50xas long as short
BingX APEX-USDT+0.0100%4h0.2572+0.273%$1.3Mas long as short
Variational Omni APEX+0.0100%4h0.2572+0.279%$19K$6Kas long as short
ApeX Omni APEXUSDTlong+0.0100%1h0.2565long leg$137K$467K50x
BloFin APEX-USDT+0.0142%4h0.2572+0.273%$93K$2K25xas long as short
Lighter APEXshort+0.1592%1h0.2580+0.573%$54K$21K5x
Hyperliquid APEX+0.1751%1h0.2579+0.530%$2.9M$118K3xas long as short