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

APEX

all APEX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against Bybit−0.039%59s7-day average +0.582% · you buy dearer than you sell
Net, funding: paid 7d − costs−$417as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$4194.186% 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 3 days (all we have)+0.025%+$3 · spread now −0.039%, 7d avg +0.582%
Together, before fees+0.039%+$4 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 0.621% cheaper against Bybit than usual: you would sell low and buy high, −$62 on $10k if it goes back to its 7-day average of +0.582%. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit APEXUSDT0.25680.0100pay 0.0050% / 4h2h 30m$3.6M$1.3M25x
ShortApeX Omni APEXUSDT0.25670.0100get 0.0013% / 1h30m 24s$137K$477K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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: −0.039% → +0.582%
−$62.11
Slippage, 4 orders
−$397.61
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$480.72
Costs to cover
4.186%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; ApeX Omni: live order book, 57 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 Bybit live order book, 2 min ago7.78 bp71.3 bp −$71582.0 bp −$5,820doesn't fitdoesn't fit
Sell ApeX Omni live order book, 57 min ago52.29 bp126.3 bp −$126doesn't fitdoesn't fitdoesn't fit

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 APEXUSDTlong+0.0100%4h0.2568long leg$3.6M$1.3M25x
MEXC APEX_USDT+0.0100%4h0.2569+0.039%$594K$252K50xas long as short
BingX APEX-USDT+0.0100%4h0.2570+0.078%$1.3Mas long as short
Variational Omni APEX+0.0100%4h0.2556−0.471%$17K$4Kas long as short
ApeX Omni APEXUSDTshort+0.0100%1h0.2567−0.039%$137K$477K50x
BloFin APEX-USDT+0.0136%4h0.2572+0.156%$94K$2K25xas long as short
Hyperliquid APEX+0.1512%1h0.2578+0.393%$2.9M$119K3xas long as short
Lighter APEX+0.1600%1h0.2581+0.495%$54K$20K5xas long as short