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

APEX

all APEX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.1934%/8h= +211.8% APRpaid last 24h +0.276%
Price spread now: Lighter against BloFin+0.579%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+0.957%+$96 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 +$58 a day on $10k at the current rate, and Lighter is 0.579% dearer against BloFin than usual: you sell high and buy low: +$58 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.957% in total (about 49.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin APEX-USDT0.25570.0106pay 0.0053% / 4h1h 46m$93K$2K25x
ShortLighter APEX0.25720.2040get 0.0255% / 1h46m 33s$54K$21K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
$406.15
Price spread: +0.579% → 0.000%
$57.88
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
$452.03
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: BloFin: 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 BloFin no order-book sample
Sell Lighter no order-book sample
BloFin 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 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%4h0.2562+0.196%$3.6M$1.3M25xas long as short
MEXC APEX_USDT+0.0100%4h0.2563+0.235%$603K$250K50xas long as short
BingX APEX-USDT+0.0100%4h0.2563+0.235%$1.3Mas long as short
Variational Omni APEX+0.0100%4h0.2551−0.224%$17K$4Kas long as short
ApeX Omni APEXUSDT+0.0100%1h0.2549−0.313%$136K$470K50xas long as short
BloFin APEX-USDTlong+0.0106%4h0.2557long leg$93K$2K25x
Lighter APEXshort+0.2040%1h0.2572+0.579%$54K$21K5x
Hyperliquid APEX+0.2632%1h0.2572+0.583%$2.9M$117K3xas long as short