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

APEX

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.1660%/8h= +181.8% APRpaid last 24h +0.329%
Price spread now: Lighter against Variational Omni+0.297%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$50 a day on $10k at the current rate, and Lighter is 0.297% dearer against Variational Omni than usual: you sell high and buy low: +$30 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni APEX0.25930.0100pay 0.0050% / 4h2h 30m$19K$6K
ShortLighter APEX0.26010.1760get 0.0220% / 1h30m 49s$57K$23K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. 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
$348.6
Price spread: +0.297% → 0.000%
$29.7
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Lighter: 0 bp × 2 orders
$0
Net
$378.3
Costs to cover
0.000%
Break-even
from the start
Slippage unknown: Variational Omni: no order-book sample; Lighter: 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 Variational Omni no order-book sample
Sell Lighter no order-book sample
Variational Omni and 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 7 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%4h0.2599+0.228%$3.6M$1.3M25xas long as short
MEXC APEX_USDT+0.0100%4h0.2594+0.035%$586K$248K50xas long as short
BingX APEX-USDT+0.0100%4h0.2597+0.150%$1.3Mas long as short
Variational Omni APEXlong+0.0100%4h0.2593long leg$19K$6K
ApeX Omni APEXUSDT+0.0100%1h0.2584−0.351%$138K$431K50xas long as short
Hyperliquid APEX+0.1550%1h0.2601+0.320%$2.9M$117K3xas long as short
Lighter APEXshort+0.1760%1h0.2601+0.297%$57K$23K5x