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: Bybit against MEXC+0.077%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$174as in the Funding arb table
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$1741.740% 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 4 days (all we have)+0.311%+$31 · spread now +0.077%, 7d avg +0.003%
Together, before fees+0.311%+$31 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.075% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC APEX_USDT0.25840.0100pay 0.0050% / 4h1h 41m$579K$247K50x
ShortBybit APEXUSDT0.25860.0100get 0.0050% / 4h1h 41m$3.6M$1.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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: +0.077% → +0.003%
$7.49
Slippage, 4 orders
−$159.04
Fee MEXC: 2 bp × 2 orders
−$4
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$166.55
Costs to cover
1.740%
Break-even
never at this rate
Slippage from MEXC: live order book, 13 min ago; Bybit: live order book, 6 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 MEXC live order book, 13 min ago7.72 bp32.6 bp −$33130.7 bp −$1,307691.0 bp −$69.1Kdoesn't fit
Sell Bybit live order book, 6 min ago9.70 bp53.5 bp −$53467.5 bp −$4,675doesn'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+0.0057%4h0.2581−0.116%$94K$3K25xas long as short
Bybit APEXUSDTshort+0.0100%4h0.2586+0.077%$3.6M$1.3M25x
MEXC APEX_USDTlong+0.0100%4h0.2584long leg$579K$247K50x
BingX APEX-USDT+0.0100%4h0.25840.000%$1.3Mas long as short
Variational Omni APEX+0.0100%4h0.2577−0.269%$19K$6Kas long as short
ApeX Omni APEXUSDT+0.0100%1h0.2581−0.116%$138K$424K50xas long as short
Lighter APEX+0.1168%1h0.2597+0.499%$57K$21K5xas long as short
Hyperliquid APEX+0.1503%1h0.2593+0.348%$2.9M$116K3xas long as short