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

APEX

all APEX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against MEXC+0.192%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$200as in the Funding arb table
Net, price: spread back to 7d avg − costs−$181as in the Price arb table
costs, in and out, $10k−$2001.998% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.192%, 7d avg +0.003%
Together, before fees−0.096%−$10 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.189% dearer against MEXC than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC APEX_USDT0.26070.0100pay 0.0050% / 4h3h 26m$607K$245K50x
ShortBingX APEX-USDT0.26120.0100get 0.0050% / 4h3h 26m$1.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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
$0
Price spread: +0.192% → +0.003%
$18.86
Slippage, 4 orders
−$185.76
Fee MEXC: 2 bp × 2 orders
−$4
Fee BingX: 5 bp × 2 orders
−$10
Net
−$180.9
Costs to cover
1.998%
Break-even
never at this rate
Slippage from MEXC: live order book, 39 min ago; BingX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 39 min ago11.68 bp26.0 bp −$26121.5 bp −$1,215944.5 bp −$94.4Kdoesn't fit
Sell BingX live order book, 3 min ago26.87 bp69.6 bp −$70311.0 bp −$3,110853.1 bp −$85.3K1214.6 bp −$607.3K

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%4h0.2610+0.115%$3.6M$1.3M25xas long as short
MEXC APEX_USDTlong+0.0100%4h0.2607long leg$607K$245K50x
BingX APEX-USDTshort+0.0100%4h0.2612+0.192%$1.3M
Variational Omni APEX+0.0100%4h0.2607−0.016%$19K$6Kas long as short
ApeX Omni APEXUSDT+0.0100%1h0.2600−0.269%$139K$457K50xas long as short
BloFin APEX-USDT+0.0128%4h0.2609+0.077%$93K$2K25xas long as short
Hyperliquid APEX+0.1849%1h0.2611+0.142%$2.9M$119K3xas long as short
Lighter APEX+0.2112%1h0.2613+0.230%$55K$21K5xas long as short