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+0.0007%/8h= +0.8% APRnext payment +$0.04 per $10,000 · paid last 24h −0.005%
Price spread now: BloFin against Bybit+0.078%7-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−0.011%−$1 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.078% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit APEXUSDT0.25590.0100pay 0.0050% / 4h52m 50s$3.6M$1.3M25x
ShortBloFin APEX-USDT0.25610.0107get 0.0054% / 4h52m 50s$93K$2K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$1.52
Price spread: +0.078% → 0.000%
$7.82
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$13.67
Costs to cover
0.230%
Break-even
70.1 days
Slippage unknown: Bybit: live order book, 5 min ago; BloFin: 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 Bybit live order book, 5 min ago9.76 bp58.8 bp −$59902.9 bp −$9,029doesn't fitdoesn't fit
Sell BloFin no order-book sample
BloFin: 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 APEXUSDTlong+0.0100%4h0.2559long leg$3.6M$1.3M25x
MEXC APEX_USDT+0.0100%4h0.25590.000%$595K$243K50xas long as short
BingX APEX-USDT+0.0100%4h0.2561+0.078%$1.3Mas long as short
Variational Omni APEX+0.0100%4h0.2560+0.045%$19K$6Kas long as short
ApeX Omni APEXUSDT+0.0100%1h0.2558−0.039%$136K$471K50xas long as short
BloFin APEX-USDTshort+0.0107%4h0.2561+0.078%$93K$2K25x
Lighter APEX+0.1424%1h0.2570+0.414%$54K$21K5xas long as short
Hyperliquid APEX+0.1524%1h0.2567+0.331%$2.9M$119K3xas long as short