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

APEX

all APEX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.08 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against BloFin+0.384%92s7-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+0.010%+$1 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Bybit is 0.384% dearer against BloFin than usual: you sell high and buy low: +$38 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin APEX-USDT0.26020.0084pay 0.0042% / 4h3h 29m$93K$2K25x
ShortBybit APEXUSDT0.26120.0100get 0.0050% / 4h3h 29m$3.6M$1.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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
$3.39
Price spread: +0.384% → 0.000%
$38.43
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$18.82
Costs to cover
0.230%
Break-even
from the start
Slippage unknown: BloFin: no order-book sample; Bybit: live order book, 3 min ago. 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 BloFin no order-book sample
Sell Bybit live order book, 3 min ago9.61 bp58.1 bp −$58507.8 bp −$5,078doesn't fitdoesn't fit
BloFin: 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
BloFin APEX-USDTlong+0.0084%4h0.2602long leg$93K$2K25x
Bybit APEXUSDTshort+0.0100%4h0.2612+0.384%$3.6M$1.3M25x
MEXC APEX_USDT+0.0100%4h0.2608+0.231%$607K$245K50xas long as short
BingX APEX-USDT+0.0100%4h0.2603+0.038%$1.3Mas long as short
Variational Omni APEX+0.0100%4h0.2607+0.196%$19K$6Kas long as short
ApeX Omni APEXUSDT+0.0100%1h0.2597−0.192%$138K$459K50xas long as short
Hyperliquid APEX+0.1886%1h0.2618+0.619%$3.0M$119K3xas long as short
Lighter APEX+0.2032%1h0.2617+0.573%$55K$21K5xas long as short