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

APEX

all APEX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against ApeX Omni−1.084%109s7-day average −0.554% · you buy dearer than you sell
Net, funding: paid 7d − costs−$374as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$3733.729% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.014%−$1 on $10k
Price spread, last 4 days (all we have)+0.826%+$83 · spread now −1.084%, 7d avg −0.554%
Together, before fees+0.812%+$81 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 0.530% cheaper against ApeX Omni than usual: you would sell low and buy high, −$53 on $10k if it goes back to its 7-day average of −0.554%. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni APEXUSDT0.25840.0100pay 0.0013% / 1h25m 41s$138K$422K50x
ShortBybit APEXUSDT0.25560.0100get 0.0050% / 4h3h 25m$3.6M$1.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against ApeX 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
$0
Price spread: −1.084% → −0.554%
−$52.96
Slippage, 4 orders
−$351.86
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$425.81
Costs to cover
3.729%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 27 min ago; Bybit: live order book, 2 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 ApeX Omni live order book, 27 min ago13.52 bp110.8 bp −$111doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago3.91 bp55.9 bp −$56482.1 bp −$4,821doesn'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+0.0077%4h0.2566−0.697%$94K$3K25xas long as short
Bybit APEXUSDTshort+0.0100%4h0.2556−1.084%$3.6M$1.3M25x
MEXC APEX_USDT+0.0100%4h0.2557−1.045%$583K$247K50xas long as short
BingX APEX-USDT+0.0100%4h0.2553−1.200%$1.3Mas long as short
Variational Omni APEX+0.0100%4h0.2558−1.005%$19K$6Kas long as short
ApeX Omni APEXUSDTlong+0.0100%1h0.2584long leg$138K$422K50x
Hyperliquid APEX+0.0943%1h0.2564−0.789%$2.9M$113K3xas long as short
Lighter APEX+0.1344%1h0.2568−0.627%$58K$22K5xas long as short