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

APEX

all APEX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0612%/8h= +67.0% APRpaid last 24h +0.375%
Price spread now: Hyperliquid against BingX+0.209%7-day average +0.320% · 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+0.809%+$81 on $10k
Price spread, last 7 days+0.023%+$2 · spread now +0.209%, 7d avg +0.320%
Together, before fees+0.832%+ Points / potential airdropHyperliquid: Season 2 · farm board+$83 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.111% cheaper against BingX than usual: you would sell low and buy high (spread +0.209% now, against its 7-day average of +0.320%). If the spread goes back, that is −$11 on $10k: about 15 hours of funding at the current rate (+$18 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX APEX-USDT0.25840.0100pay 0.0050% / 4h3h 22m$1.3M
ShortHyperliquid APEX0.25890.0712get 0.0089% / 1h22m 46s$2.9M$115K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$128.56
Price spread: +0.209% → +0.320%
−$11.11
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$98.45
Costs to cover
0.190%
Break-even
1.6 days
Slippage unknown: BingX: live order book, 8 min ago; Hyperliquid: live order book, 8 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 BingX live order book, 8 min ago27.22 bp81.5 bp −$81358.3 bp −$3,583816.4 bp −$81.6K1203.9 bp −$602.0K
Sell Hyperliquid live order book, 8 min ago2.33 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%4h0.2585+0.039%$3.6M$1.4M25xas long as short
MEXC APEX_USDT+0.0100%4h0.2583−0.039%$639K$276K50xas long as short
BingX APEX-USDTlong+0.0100%4h0.2584long leg$1.3M
Variational Omni APEX+0.0100%4h0.2571−0.503%$19K$5Kas long as short
ApeX Omni APEXUSDT+0.0100%1h0.2608+0.929%$134K$320K50xas long as short
BloFin APEX-USDT+0.0116%4h0.2575−0.348%$95K$3K25xas long as short
Hyperliquid APEXshort+0.0712%1h0.2589+0.209%$2.9M$115K3x
Lighter APEX+0.0976%1h0.2587+0.112%$57K$26K5xas long as short