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

APEX

all APEX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against BingX+0.039%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$256as in the Funding arb table
Net, price: spread back to 7d avg − costs−$251as in the Price arb table
costs, in and out, $10k−$2562.555% 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 7 days−0.054%−$5 · spread now +0.039%, 7d avg −0.002%
Together, before fees−0.054%−$5 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 0.041% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX APEX-USDT0.25570.0100pay 0.0050% / 4h2h 14m$1.3M
ShortBybit APEXUSDT0.25580.0100get 0.0050% / 4h2h 14m$3.6M$1.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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: +0.039% → −0.002%
$4.07
Slippage, 4 orders
−$234.52
Fee BingX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$251.45
Costs to cover
2.555%
Break-even
never at this rate
Slippage from BingX: live order book, 1 min ago; Bybit: live order book, 3 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 BingX live order book, 1 min ago25.39 bp63.3 bp −$63218.9 bp −$2,189633.8 bp −$63.4K931.6 bp −$465.8K
Sell Bybit live order book, 3 min ago11.72 bp53.4 bp −$53451.2 bp −$4,512doesn'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
Bybit APEXUSDTshort+0.0100%4h0.2558+0.039%$3.6M$1.2M25x
MEXC APEX_USDT+0.0100%4h0.2560+0.117%$589K$253K50xas long as short
BingX APEX-USDTlong+0.0100%4h0.2557long leg$1.3M
Variational Omni APEX+0.0100%4h0.2558+0.023%$19K$5Kas long as short
ApeX Omni APEXUSDT+0.0100%1h0.2585+1.095%$138K$373K50xas long as short
BloFin APEX-USDT+0.0130%4h0.25570.000%$95K$3K25xas long as short
Hyperliquid APEX+0.0238%1h0.2569+0.454%$2.9M$110K3xas long as short
Lighter APEX+0.0392%1h0.2570+0.489%$58K$24K5xas long as short