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

APEX

all APEX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.1918%/8h= +210.0% APRnext payment +$2.40 per $10,000 · paid last 24h +0.260%
Price spread now: Hyperliquid against ApeX Omni+0.351%65s7-day average −0.226% · 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+0.647%+$65 on $10k
Price spread, last 3 days (all we have)−0.317%−$32 · spread now +0.351%, 7d avg −0.226%
Together, before fees+0.330%+ Points / potential airdropHyperliquid: Season 2 · farm board+$33 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$58 a day on $10k at the current rate, and Hyperliquid is 0.577% dearer against ApeX Omni than usual: you sell high and buy low: +$58 more if the spread goes back to its 7-day average of −0.226%. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.647% in total (about 33.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.40 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni APEXUSDT0.25650.0100pay 0.0013% / 1h32m 22s$137K$471K50x
ShortHyperliquid APEX0.25740.2018get 0.0252% / 1h32m 22s$2.9M$118K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$402.76
Price spread: +0.351% → −0.226%
$57.72
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$441.49
Costs to cover
0.190%
Break-even
from the start
Slippage unknown: ApeX Omni: live order book, 50 min ago; Hyperliquid: live order book, 9 min ago. 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 ApeX Omni live order book, 50 min ago46.46 bp165.3 bp −$165doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 9 min ago4.26 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

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%4h0.2563−0.078%$3.6M$1.3M25xas long as short
MEXC APEX_USDT+0.0100%4h0.2564−0.039%$604K$251K50xas long as short
BingX APEX-USDT+0.0100%4h0.2562−0.117%$1.3Mas long as short
Variational Omni APEX+0.0100%4h0.2565+0.008%$19K$6Kas long as short
ApeX Omni APEXUSDTlong+0.0100%1h0.2565long leg$137K$471K50x
BloFin APEX-USDT+0.0138%4h0.2566+0.039%$93K$2K25xas long as short
Lighter APEX+0.1920%1h0.2577+0.460%$54K$21K5xas long as short
Hyperliquid APEXshort+0.2018%1h0.2574+0.351%$2.9M$118K3x