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

APEX

all APEX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0038%/8h= −4.1% APRnext payment $0.19 per $10,000 · paid last 24h −0.005%
Price spread now: BloFin against Variational Omni−0.066%56s7-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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.066% cheaper against Variational Omni than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni APEX0.25570.0100pay 0.0050% / 4h1h 14m$19K$6K
ShortBloFin APEX-USDT0.25550.0062get 0.0031% / 4h1h 14m$93K$2K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Variational Omni. 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
−$7.93
Price spread: −0.066% → 0.000%
−$6.57
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$26.5
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Variational Omni: no order-book sample; 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 Variational Omni no order-book sample
Sell BloFin no order-book sample
Variational Omni and 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
BloFin APEX-USDTshort+0.0062%4h0.2555−0.066%$93K$2K25x
Bybit APEXUSDT+0.0100%4h0.2557+0.012%$3.6M$1.3M25xas long as short
MEXC APEX_USDT+0.0100%4h0.2556−0.027%$602K$252K50xas long as short
BingX APEX-USDT+0.0100%4h0.2556−0.027%$1.3Mas long as short
Variational Omni APEXlong+0.0100%4h0.2557long leg$19K$6K
ApeX Omni APEXUSDT+0.0100%1h0.2557+0.012%$136K$470K50xas long as short
Lighter APEX+0.1576%1h0.2569+0.470%$54K$21K5xas long as short
Hyperliquid APEX+0.1910%1h0.2567+0.388%$2.9M$118K3xas long as short