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

APEX

all APEX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against BingX+0.077%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$249as in the Funding arb table
Net, price: spread back to 7d avg − costs−$241as in the Price arb table
costs, in and out, $10k−$2492.486% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 days−0.077%−$8 · spread now +0.077%, 7d avg −0.002%
Together, before fees−0.077%−$8 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 0.079% dearer against BingX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX APEX-USDT0.25850.0100pay 0.0050% / 4h3h 57m$1.3M
ShortBybit APEXUSDT0.25870.0100get 0.0050% / 4h3h 57m$3.6M$1.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: +0.077% → −0.002%
$7.94
Slippage, 4 orders
−$227.63
Fee BingX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$240.69
Costs to cover
2.486%
Break-even
never at this rate
Slippage from BingX: live order book, 8 min ago; Bybit: live order book, 10 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, 8 min ago25.30 bp57.5 bp −$58231.3 bp −$2,313742.0 bp −$74.2K1044.8 bp −$522.4K
Sell Bybit live order book, 10 min ago13.63 bp64.9 bp −$65498.9 bp −$4,989doesn'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+0.0076%4h0.2572−0.503%$93K$2K25xas long as short
Bybit APEXUSDTshort+0.0100%4h0.2587+0.077%$3.6M$1.3M25x
MEXC APEX_USDT+0.0100%4h0.2584−0.039%$602K$243K50xas long as short
BingX APEX-USDTlong+0.0100%4h0.2585long leg$1.3M
Variational Omni APEX+0.0100%4h0.2572−0.497%$19K$6Kas long as short
ApeX Omni APEXUSDT+0.0100%1h0.2567−0.696%$137K$467K50xas long as short
Lighter APEX+0.1376%1h0.2593+0.302%$55K$21K5xas long as short
Hyperliquid APEX+0.1693%1h0.2593+0.299%$2.9M$118K3xas long as short