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−0.1212%/8h= −132.7% APRnext payment $1.52 per $10,000 · paid last 24h −0.288%
Price spread now: ApeX Omni against Lighter−0.533%7-day average · 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−0.949%−$95 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and ApeX Omni is 0.533% cheaper against Lighter than usual: you would sell low and buy high (−$53 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter APEX0.25710.1312pay 0.0164% / 1h51m 27s$54K$21K5x
ShortApeX Omni APEXUSDT0.25570.0100get 0.0013% / 1h51m 27s$136K$469K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter. 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
−$254.52
Price spread: −0.533% → 0.000%
−$53.29
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$317.81
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Lighter: no order-book sample; ApeX Omni: live order book, 26 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 Lighter no order-book sample
Sell ApeX Omni live order book, 26 min ago81.58 bp97.3 bp −$97doesn't fitdoesn't fitdoesn't fit
Lighter: 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 APEXUSDT+0.0100%4h0.2558−0.494%$3.6M$1.3M25xas long as short
MEXC APEX_USDT+0.0100%4h0.2560−0.416%$595K$243K50xas long as short
BingX APEX-USDT+0.0100%4h0.2560−0.416%$1.3Mas long as short
Variational Omni APEX+0.0100%4h0.2560−0.410%$19K$6Kas long as short
ApeX Omni APEXUSDTshort+0.0100%1h0.2557−0.533%$136K$469K50x
BloFin APEX-USDT+0.0107%4h0.2561−0.377%$93K$2K25xas long as short
Lighter APEXlong+0.1312%1h0.2571long leg$54K$21K5x
Hyperliquid APEX+0.1535%1h0.2568−0.123%$2.9M$119K3xas long as short