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

APEX

all APEX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.1438%/8h= +157.4% APRpaid last 24h +0.258%
Price spread now: Lighter against BloFin+0.260%60s7-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+0.938%+$94 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 +$43 a day on $10k at the current rate, and Lighter is 0.260% dearer against BloFin than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 60 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 0.938% in total (about 48.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin APEX-USDT0.25720.0146pay 0.0073% / 4h2h 27m$94K$2K25x
ShortLighter APEX0.25790.1584get 0.0198% / 1h27m 49s$54K$20K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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
$301.96
Price spread: +0.260% → 0.000%
$26.05
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
$316.01
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: BloFin: no order-book sample; 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 BloFin no order-book sample
Sell Lighter no order-book sample
BloFin and 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%4h0.2571−0.039%$3.6M$1.3M25xas long as short
MEXC APEX_USDT+0.0100%4h0.2567−0.194%$593K$252K50xas long as short
BingX APEX-USDT+0.0100%4h0.2571−0.039%$1.3Mas long as short
Variational Omni APEX+0.0100%4h0.2570−0.063%$17K$4Kas long as short
ApeX Omni APEXUSDT+0.0100%1h0.2567−0.194%$137K$476K50xas long as short
BloFin APEX-USDTlong+0.0146%4h0.2572long leg$94K$2K25x
Hyperliquid APEX+0.1466%1h0.2578+0.245%$2.9M$119K3xas long as short
Lighter APEXshort+0.1584%1h0.2579+0.260%$54K$20K5x