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−0.2673%/8h= −292.7% APRpaid last 24h −0.260%
Price spread now: BingX against Hyperliquid−0.305%7-day average −0.319% · 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−0.661%−$66 on $10k
Price spread, last 7 days+0.074%+$7 · spread now −0.305%, 7d avg −0.319%
Together, before fees−0.587%+ Points / potential airdropHyperliquid: Season 2 · farm board−$59 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.319%, so right now this pair is about funding alone: −$80 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.661% in total (about -34.5% 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
LongHyperliquid APEX0.25590.2773pay 0.0347% / 1h52m 07s$2.9M$117K3x
ShortBingX APEX-USDT0.25510.0100get 0.0050% / 4h1h 52m$1.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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
−$561.34
Price spread: −0.305% → −0.319%
$1.43
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$578.91
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 9 min ago; BingX: live order book, 7 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, 9 min ago3.90 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 7 min ago27.39 bp65.1 bp −$65328.5 bp −$3,285835.2 bp −$83.5K1115.6 bp −$557.8K

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%4h0.2555−0.149%$93K$2K25xas long as short
Bybit APEXUSDT+0.0100%4h0.2549−0.383%$3.6M$1.3M25xas long as short
MEXC APEX_USDT+0.0100%4h0.2550−0.344%$600K$249K50xas long as short
BingX APEX-USDTshort+0.0100%4h0.2551−0.305%$1.3M
Variational Omni APEX+0.0100%4h0.2554−0.177%$17K$4Kas long as short
ApeX Omni APEXUSDT+0.0100%1h0.2550−0.344%$136K$471K50xas long as short
Lighter APEX+0.1968%1h0.2560+0.035%$54K$21K5xas long as short
Hyperliquid APEXlong+0.2773%1h0.2559long leg$2.9M$117K3x