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

APEX

all APEX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.1244%/8h= +136.2% APRpaid last 24h +0.353%
Price spread now: Lighter against BingX+0.540%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 7 days+1.052%+$105 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 for this trade now. Funding pays +$37 a day on $10k at the current rate, and Lighter is 0.540% dearer against BingX than usual: you sell high and buy low: +$54 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX APEX-USDT0.25540.0100pay 0.0050% / 4h3h 24m$1.3M
ShortLighter APEX0.25680.1344get 0.0168% / 1h24m 55s$58K$22K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
$261.24
Price spread: +0.540% → 0.000%
$54.03
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
$305.27
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: BingX: live order book, 6 min ago; 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 BingX live order book, 6 min ago27.36 bp84.7 bp −$85350.1 bp −$3,501713.9 bp −$71.4K1044.5 bp −$522.2K
Sell Lighter no order-book sample
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%4h0.25540.000%$3.6M$1.3M25xas long as short
MEXC APEX_USDT+0.0100%4h0.2553−0.039%$582K$247K50xas long as short
BingX APEX-USDTlong+0.0100%4h0.2554long leg$1.3M
Variational Omni APEX+0.0100%4h0.2558+0.158%$19K$6Kas long as short
ApeX Omni APEXUSDT+0.0100%1h0.2584+1.175%$138K$422K50xas long as short
BloFin APEX-USDT+0.0143%4h0.2566+0.470%$94K$3K25xas long as short
Hyperliquid APEX+0.0937%1h0.2563+0.352%$2.9M$113K3xas long as short
Lighter APEXshort+0.1344%1h0.2568+0.540%$58K$22K5x