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: BingX against Bybit+0.039%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$243as in the Funding arb table
Net, price: spread back to 7d avg − costs−$239as in the Price arb table
costs, in and out, $10k−$2432.432% 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−0.032%−$3 · spread now +0.039%, 7d avg +0.002%
Together, before fees−0.032%−$3 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: BingX is 0.037% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit APEXUSDT0.25570.0100pay 0.0050% / 4h2h 11m$3.6M$1.3M25x
ShortBingX APEX-USDT0.25580.0100get 0.0050% / 4h2h 11m$1.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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: +0.039% → +0.002%
$3.71
Slippage, 4 orders
−$222.17
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$239.46
Costs to cover
2.432%
Break-even
never at this rate
Slippage from Bybit: live order book, 6 min ago; BingX: live order book, 4 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, 6 min ago5.84 bp56.0 bp −$56808.8 bp −$8,088doesn't fitdoesn't fit
Sell BingX live order book, 4 min ago25.34 bp73.2 bp −$73304.1 bp −$3,041859.1 bp −$85.9K1184.7 bp −$592.3K

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+0.0095%4h0.25570.000%$93K$2K25xas long as short
Bybit APEXUSDTlong+0.0100%4h0.2557long leg$3.6M$1.3M25x
MEXC APEX_USDT+0.0100%4h0.2556−0.039%$591K$253K50xas long as short
BingX APEX-USDTshort+0.0100%4h0.2558+0.039%$1.3M
Variational Omni APEX+0.0100%4h0.2570+0.504%$17K$4Kas long as short
ApeX Omni APEXUSDT+0.0100%1h0.2565+0.313%$137K$473K50xas long as short
Hyperliquid APEX+0.1407%1h0.2569+0.458%$2.9M$118K3xas long as short
Lighter APEX+0.1640%1h0.2565+0.301%$54K$21K5xas long as short