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

APEX

all APEX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.2670%/8h= −292.4% APRnext payment $3.34 per $10,000 · paid last 24h −0.260%
Price spread now: ApeX Omni against Hyperliquid−0.426%7-day average +0.226% · you buy dearer than you sell
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−0.647%−$65 on $10k
Price spread, last 3 days (all we have)+0.392%+$39 · spread now −0.426%, 7d avg +0.226%
Together, before fees−0.255%+ Points / potential airdropHyperliquid: Season 2 · farm board−$26 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$80 a day on $10k at the current rate, and ApeX Omni is 0.652% cheaper against Hyperliquid than usual: you would sell low and buy high (−$65 if the spread goes back to its 7-day average of +0.226%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.647% in total (about -33.7% a year). A funding rate is set anew for every payment; at this rate the next one is about $3.34 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid APEX0.25590.2770pay 0.0346% / 1h51m 26s$2.9M$117K3x
ShortApeX Omni APEXUSDT0.25480.0100get 0.0013% / 1h51m 26s$136K$471K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hyperliquid. 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
−$560.75
Price spread: −0.426% → +0.226%
−$65.23
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$644.98
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 10 min ago; ApeX Omni: live order book, 31 min ago. 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 Hyperliquid live order book, 10 min ago3.90 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 31 min ago46.46 bp60.5 bp −$60doesn'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
BloFin APEX-USDT+0.0042%4h0.2555−0.152%$93K$2K25xas long as short
Bybit APEXUSDT+0.0100%4h0.2549−0.387%$3.6M$1.3M25xas long as short
MEXC APEX_USDT+0.0100%4h0.2550−0.348%$600K$249K50xas long as short
BingX APEX-USDT+0.0100%4h0.2551−0.309%$1.3Mas long as short
Variational Omni APEX+0.0100%4h0.2554−0.180%$17K$4Kas long as short
ApeX Omni APEXUSDTshort+0.0100%1h0.2548−0.426%$136K$471K50x
Lighter APEX+0.1968%1h0.2560+0.031%$54K$21K5xas long as short
Hyperliquid APEXlong+0.2770%1h0.2559long leg$2.9M$117K3x