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+0.0028%/8h= +3.0% APRnext payment +$0.14 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against Bybit−0.038%62s7-day average · you buy dearer than you sell
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
Funding pays, the price is against you. BloFin is 0.038% cheaper against Bybit than usual: you would sell low and buy high (spread −0.038% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 4.6 days of funding at the current rate (+$1 a day). The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit APEXUSDT0.26100.0100pay 0.0050% / 4h3h 26m$3.6M$1.3M25x
ShortBloFin APEX-USDT0.26090.0128get 0.0064% / 4h3h 26m$93K$2K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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
$5.83
Price spread: −0.038% → 0.000%
−$3.83
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$21
Costs to cover
0.230%
Break-even
32.2 days
Slippage unknown: Bybit: live order book, 1 min ago; BloFin: 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 Bybit live order book, 1 min ago9.61 bp52.1 bp −$52917.2 bp −$9,172doesn't fitdoesn't fit
Sell BloFin no order-book sample
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
Bybit APEXUSDTlong+0.0100%4h0.2610long leg$3.6M$1.3M25x
MEXC APEX_USDT+0.0100%4h0.2607−0.115%$607K$245K50xas long as short
BingX APEX-USDT+0.0100%4h0.2612+0.077%$1.3Mas long as short
Variational Omni APEX+0.0100%4h0.2607−0.131%$19K$6Kas long as short
ApeX Omni APEXUSDT+0.0100%1h0.2600−0.383%$139K$457K50xas long as short
BloFin APEX-USDTshort+0.0128%4h0.2609−0.038%$93K$2K25x
Hyperliquid APEX+0.1849%1h0.2611+0.027%$2.9M$119K3xas long as short
Lighter APEX+0.2112%1h0.2613+0.115%$55K$21K5xas long as short