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: ApeX Omni against BingX−0.424%7-day average +0.541% · you buy dearer than you sell
Net, funding: paid 7d − costs−$451as in the Funding arb table
Net, price: spread back to 7d avg − costs−$549as 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)+0.640%+$64 · spread now −0.424%, 7d avg +0.541%
Together, before fees+0.654%+$65 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: ApeX Omni is 0.965% cheaper against BingX than usual: you would sell low and buy high, −$96 on $10k if it goes back to its 7-day average of +0.541%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX APEX-USDT0.25970.0100pay 0.0050% / 4h2h 29m$1.3M
ShortApeX Omni APEXUSDT0.25860.0100get 0.0013% / 1h29m 16s$138K$431K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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: −0.424% → +0.541%
−$96.45
Slippage, 4 orders
−$432.46
Fee BingX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$548.92
Costs to cover
4.525%
Break-even
never at this rate
Slippage from BingX: live order book, 7 min ago; ApeX Omni: live order book, 38 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 BingX live order book, 7 min ago27.06 bp80.9 bp −$81313.3 bp −$3,133540.4 bp −$54.0K876.2 bp −$438.1K
Sell ApeX Omni live order book, 38 min ago97.83 bp113.6 bp −$114doesn't fitdoesn't fitdoesn't fit

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%4h0.2590−0.270%$3.6M$1.3M25xas long as short
MEXC APEX_USDT+0.0100%4h0.2595−0.077%$586K$248K50xas long as short
BingX APEX-USDTlong+0.0100%4h0.2597long leg$1.3M
Variational Omni APEX+0.0100%4h0.2593−0.150%$19K$6Kas long as short
ApeX Omni APEXUSDTshort+0.0100%1h0.2586−0.424%$138K$431K50x
Hyperliquid APEX+0.1518%1h0.2603+0.246%$2.9M$117K3xas long as short
Lighter APEX+0.1776%1h0.2601+0.146%$57K$23K5xas long as short