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

APEX

all APEX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against BingX+0.194%83s7-day average +0.533% · you sell dearer than you buy
Net, funding: paid 7d − costs−$389as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$3913.907% 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)−0.215%−$21 · spread now +0.194%, 7d avg +0.533%
Together, before fees−0.201%−$20 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: ApeX Omni is 0.339% cheaper against BingX than usual: you would sell low and buy high, −$34 on $10k if it goes back to its 7-day average of +0.533%. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX APEX-USDT0.25790.0100pay 0.0050% / 4h1h 10m$1.3M
ShortApeX Omni APEXUSDT0.25840.0100get 0.0013% / 1h10m 09s$138K$422K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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: +0.194% → +0.533%
−$33.89
Slippage, 4 orders
−$370.74
Fee BingX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$424.63
Costs to cover
3.907%
Break-even
never at this rate
Slippage from BingX: live order book, 1 min ago; ApeX Omni: live order book, 52 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 BingX live order book, 1 min ago27.13 bp68.5 bp −$68295.8 bp −$2,958612.6 bp −$61.3K988.4 bp −$494.2K
Sell ApeX Omni live order book, 52 min ago55.57 bp71.0 bp −$71doesn'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
BloFin APEX-USDT+0.0085%4h0.2580+0.039%$94K$3K25xas long as short
Bybit APEXUSDT+0.0100%4h0.25790.000%$3.6M$1.3M25xas long as short
MEXC APEX_USDT+0.0100%4h0.2582+0.116%$588K$250K50xas long as short
BingX APEX-USDTlong+0.0100%4h0.2579long leg$1.3M
Variational Omni APEX+0.0100%4h0.2581+0.097%$19K$6Kas long as short
ApeX Omni APEXUSDTshort+0.0100%1h0.2584+0.194%$138K$422K50x
Lighter APEX+0.1128%1h0.2590+0.419%$57K$21K5xas long as short
Hyperliquid APEX+0.1566%1h0.2587+0.326%$2.9M$116K3xas long as short