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

APEX

all APEX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.1460%/8h= +159.9% APRpaid last 24h +0.244%
Price spread now: Lighter against MEXC+0.416%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+0.910%+$91 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 +$44 a day on $10k at the current rate, and Lighter is 0.416% dearer against MEXC than usual: you sell high and buy low: +$42 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 0.910% in total (about 47.4% 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
LongMEXC APEX_USDT0.25740.0100pay 0.0050% / 4h3h 30m$634K$234K50x
ShortLighter APEX0.25850.1560get 0.0195% / 1h30m 39s$54K$20K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
$306.6
Price spread: +0.416% → 0.000%
$41.57
Slippage, 4 orders
no order book: not counted
Fee MEXC: 2 bp × 2 orders
−$4
Fee Lighter: 0 bp × 2 orders
$0
Net
$344.17
Costs to cover
0.040%
Break-even
from the start
Slippage unknown: MEXC: live order book, 14 min ago; 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 MEXC live order book, 14 min ago1.95 bp23.1 bp −$23116.7 bp −$1,167873.6 bp −$87.4Kdoesn't fit
Sell Lighter no order-book sample
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%4h0.2573−0.039%$3.6M$1.3M25xas long as short
MEXC APEX_USDTlong+0.0100%4h0.2574long leg$634K$234K50x
BingX APEX-USDT+0.0100%4h0.2575+0.039%$1.3Mas long as short
Variational Omni APEX+0.0100%4h0.2577+0.099%$17K$4Kas long as short
ApeX Omni APEXUSDT+0.0100%1h0.2570−0.155%$137K$481K50xas long as short
BloFin APEX-USDT+0.0155%4h0.2573−0.039%$93K$1K25xas long as short
Lighter APEXshort+0.1560%1h0.2585+0.416%$54K$20K5x
Hyperliquid APEX+0.1780%1h0.2585+0.416%$2.9M$122K3xas long as short