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

APEX

all APEX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against ApeX Omni+0.193%79s7-day average −0.545% · you sell dearer than you buy
Net, funding: paid 7d − costs−$366as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$3653.648% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.014%−$1 on $10k
Price spread, last 4 days (all we have)−0.452%−$45 · spread now +0.193%, 7d avg −0.545%
Together, before fees−0.466%−$47 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: Bybit is 0.737% dearer against ApeX Omni than usual: you sell high and buy low, +$74 on $10k if it goes back to its 7-day average of −0.545%. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni APEXUSDT0.25950.0100pay 0.0013% / 1h0m 10s$138K$428K50x
ShortBybit APEXUSDT0.26000.0100get 0.0050% / 4h2h 00m$3.6M$1.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against ApeX 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
$0
Price spread: +0.193% → −0.545%
$73.75
Slippage, 4 orders
−$343.84
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$291.1
Costs to cover
3.648%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 2 min ago; Bybit: live order book, 2 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 ApeX Omni live order book, 2 min ago55.57 bp172.6 bp −$173doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago7.68 bp56.0 bp −$56463.6 bp −$4,636doesn't fitdoesn't fit

APEX on 7 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 APEXUSDTshort+0.0100%4h0.2600+0.193%$3.6M$1.3M25x
MEXC APEX_USDT+0.0100%4h0.2601+0.231%$583K$250K50xas long as short
BingX APEX-USDT+0.0100%4h0.2602+0.270%$1.3Mas long as short
Variational Omni APEX+0.0100%4h0.2602+0.271%$19K$6Kas long as short
ApeX Omni APEXUSDTlong+0.0100%1h0.2595long leg$138K$428K50x
Lighter APEX+0.1648%1h0.2609+0.532%$57K$23K5xas long as short
Hyperliquid APEX+0.1666%1h0.2608+0.509%$2.9M$116K3xas long as short