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

APEX

all APEX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Bybit0.000%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$270as in the Funding arb table
Net, price: spread back to 7d avg − costs−$270as in the Price arb table
costs, in and out, $10k−$2702.703% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 days+0.022%+$2 · spread now 0.000%, 7d avg +0.002%
Together, before fees+0.022%+$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit APEXUSDT0.25910.0100pay 0.0050% / 4h3h 18m$3.6M$1.3M25x
ShortBingX APEX-USDT0.25910.0100get 0.0050% / 4h3h 18m$1.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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: 0.000% → +0.002%
−$0.15
Slippage, 4 orders
−$249.27
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$270.42
Costs to cover
2.703%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; BingX: live order book, 11 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, 4 min ago7.69 bp59.0 bp −$59848.6 bp −$8,486doesn't fitdoesn't fit
Sell BingX live order book, 11 min ago26.87 bp69.6 bp −$70311.0 bp −$3,110853.1 bp −$85.3K1214.6 bp −$607.3K

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
BloFin APEX-USDT+0.0062%4h0.2596+0.193%$93K$2K25xas long as short
Bybit APEXUSDTlong+0.0100%4h0.2591long leg$3.6M$1.3M25x
MEXC APEX_USDT+0.0100%4h0.2588−0.116%$602K$245K50xas long as short
BingX APEX-USDTshort+0.0100%4h0.25910.000%$1.3M
Variational Omni APEX+0.0100%4h0.2599+0.312%$19K$6Kas long as short
ApeX Omni APEXUSDT+0.0100%1h0.2600+0.347%$139K$457K50xas long as short
Hyperliquid APEX+0.1843%1h0.2595+0.173%$2.9M$118K3xas long as short
Lighter APEX+0.2080%1h0.2597+0.228%$55K$21K5xas long as short