Funding you earn now, next payment 22:00 UTC−0.1248%/8h= −136.6% APRnext payment −$1.56 per $10,000 · paid last 24h −0.240%
Price spread now: ApeX Omni against Hyperliquid−0.226%84s7-day average +0.237% · you buy dearer than you sell
Net, funding: paid 7d − costs−$406as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$3433.429% of the position
Funding, last 7 days−0.628%−$63 on $10k
+Price spread, last 3 days (all we have)−0.090%−$9 · spread now −0.226%, 7d avg +0.237%
=Together, before fees−0.718%+ Points / potential airdropHyperliquid: Season 2 · farm board−$72 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$37 a day on $10k at the current rate, and ApeX Omni is 0.462% cheaper against Hyperliquid than usual: you would sell low and buy high (−$46 if the spread goes back to its 7-day average of +0.237%). Swap the legs. The two prices were read 84 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.628% in total (about -32.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.56 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid APEX | 0.2572 | 0.1348 | pay 0.0168% / 1h | 14m 03s | $2.9M | $118K | 3x |
| Short | ApeX Omni APEXUSDT | 0.2566 | 0.0100 | get 0.0013% / 1h | 14m 03s | $137K | $474K | 50x |
Hyperliquid APEX
ApeX Omni APEXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$261.98
- Price spread: −0.226% → +0.237%
- −$46.22
- Slippage, 4 orders
- −$323.93
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$651.13
- Costs to cover
- 3.429%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; ApeX Omni: live order book, 9 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Hyperliquid live order book, 7 min ago | 4.83 bp | 56.7 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 9 min ago | 46.46 bp | 60.5 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
APEX on 8 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin APEX-USDT | +0.0041% | 4h | 0.2573 | +0.047% | $93K | $2K | 25x | as long as short |
| Bybit APEXUSDT | +0.0100% | 4h | 0.2563 | −0.342% | $3.6M | $1.3M | 25x | as long as short |
| MEXC APEX_USDT | +0.0100% | 4h | 0.2562 | −0.381% | $592K | $253K | 50x | as long as short |
| BingX APEX-USDT | +0.0100% | 4h | 0.2562 | −0.381% | — | $1.3M | — | as long as short |
| Variational Omni APEX | +0.0100% | 4h | 0.2570 | −0.074% | $17K | $4K | — | as long as short |
| ApeX Omni APEXUSDTshort | +0.0100% | 1h | 0.2566 | −0.226% | $137K | $474K | 50x | |
| Hyperliquid APEXlong | +0.1348% | 1h | 0.2572 | long leg | $2.9M | $118K | 3x | |
| Lighter APEX | +0.1640% | 1h | 0.2573 | +0.039% | $54K | $21K | 5x | as long as short |
BloFin APEX-USDT
Bybit APEXUSDT
MEXC APEX_USDT
BingX APEX-USDT
Variational Omni APEX
Lighter APEX