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

APEX

all APEX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against BingX0.000%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$175as in the Funding arb table
Net, price: spread back to 7d avg − costs−$175as in the Price arb table
costs, in and out, $10k−$1751.755% 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 4 days (all we have)−0.087%−$9 · spread now 0.000%, 7d avg −0.001%
Together, before fees−0.087%−$9 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX APEX-USDT0.25470.0100pay 0.0050% / 4h2h 03m$1.3M
ShortMEXC APEX_USDT0.25470.0100get 0.0050% / 4h2h 03m$594K$254K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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: 0.000% → −0.001%
$0.14
Slippage, 4 orders
−$161.45
Fee BingX: 5 bp × 2 orders
−$10
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$175.31
Costs to cover
1.755%
Break-even
never at this rate
Slippage from BingX: live order book, 12 min ago; MEXC: live order book, 12 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, 12 min ago25.34 bp56.7 bp −$57269.8 bp −$2,698747.8 bp −$74.8K964.3 bp −$482.1K
Sell MEXC live order book, 12 min ago3.90 bp26.4 bp −$26122.7 bp −$1,2271049.3 bp −$104.9Kdoesn'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+0.0098%4h0.2559+0.471%$93K$2K25xas long as short
Bybit APEXUSDT+0.0100%4h0.25470.000%$3.6M$1.3M25xas long as short
MEXC APEX_USDTshort+0.0100%4h0.25470.000%$594K$254K50x
BingX APEX-USDTlong+0.0100%4h0.2547long leg$1.3M
Variational Omni APEX+0.0100%4h0.2551+0.153%$17K$4Kas long as short
ApeX Omni APEXUSDT+0.0100%1h0.2548+0.039%$136K$471K50xas long as short
Hyperliquid APEX+0.1546%1h0.2558+0.432%$2.9M$117K3xas long as short
Lighter APEX+0.1624%1h0.2562+0.581%$54K$21K5xas long as short