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

APEX

all APEX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against Bybit+0.076%7-day average +0.547% · you sell dearer than you buy
Net, funding: paid 7d − costs−$410as in the Funding arb table
Net, price: spread back to 7d avg − costs−$458as in the Price arb table
costs, in and out, $10k−$4114.110% 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)+0.184%+$18 · spread now +0.076%, 7d avg +0.547%
Together, before fees+0.198%+$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 0.471% cheaper against Bybit than usual: you would sell low and buy high, −$47 on $10k if it goes back to its 7-day average of +0.547%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit APEXUSDT0.26380.0100pay 0.0050% / 4h15m 23s$3.7M$1.4M25x
ShortApeX Omni APEXUSDT0.26400.0100get 0.0013% / 1h15m 23s$136K$346K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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: +0.076% → +0.547%
−$47.12
Slippage, 4 orders
−$389.95
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$458.07
Costs to cover
4.110%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; ApeX Omni: live order book, 22 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 Bybit live order book, 2 min ago1.90 bp62.1 bp −$62746.1 bp −$7,461doesn't fitdoesn't fit
Sell ApeX Omni live order book, 22 min ago84.07 bp152.2 bp −$152doesn'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 APEXUSDTlong+0.0100%4h0.2638long leg$3.7M$1.4M25x
MEXC APEX_USDT+0.0100%4h0.26380.000%$653K$278K50xas long as short
BingX APEX-USDT+0.0100%4h0.2636−0.076%$1.3Mas long as short
Variational Omni APEX+0.0100%4h0.2638+0.003%$20K$5Kas long as short
ApeX Omni APEXUSDTshort+0.0100%1h0.2640+0.076%$136K$346K50x
BloFin APEX-USDT+0.0137%4h0.2640+0.076%$95K$3K25xas long as short
Hyperliquid APEX+0.0697%1h0.2644+0.212%$3.0M$113K3xas long as short
Lighter APEX+0.2152%1h0.2648+0.383%$59K$26K5xas long as short