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

APEX

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0724%/8h= −79.3% APRpaid last 24h −0.355%
Price spread now: BloFin against Hyperliquid−0.053%7-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−0.787%−$79 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and BloFin is 0.053% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid APEX0.25680.0837pay 0.0105% / 1h50m 40s$2.9M$113K3x
ShortBloFin APEX-USDT0.25670.0113get 0.0056% / 4h3h 50m$94K$3K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Hyperliquid. 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
−$152.08
Price spread: −0.053% → 0.000%
−$5.26
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$178.33
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Hyperliquid: 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 Hyperliquid live order book, 1 min ago5.65 bpdoesn't fitdoesn't fitdoesn'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 APEXUSDT+0.0100%4h0.2565−0.130%$3.6M$1.3M25xas long as short
MEXC APEX_USDT+0.0100%4h0.2565−0.130%$585K$245K50xas long as short
BingX APEX-USDT+0.0100%4h0.2560−0.325%$1.3Mas long as short
Variational Omni APEX+0.0100%4h0.2565−0.128%$19K$6Kas long as short
ApeX Omni APEXUSDT+0.0100%1h0.2584+0.609%$138K$422K50xas long as short
BloFin APEX-USDTshort+0.0113%4h0.2567−0.053%$94K$3K25x
Hyperliquid APEXlong+0.0837%1h0.2568long leg$2.9M$113K3x
Lighter APEX+0.1664%1h0.2573+0.173%$56K$20K5xas long as short