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 MEXC−0.078%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$175as in the Funding arb table
Net, price: spread back to 7d avg − costs−$183as 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)+0.165%+$16 · spread now −0.078%, 7d avg +0.001%
Together, before fees+0.165%+$16 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 0.080% cheaper against MEXC than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.001%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC APEX_USDT0.25540.0100pay 0.0050% / 4h2h 00m$601K$255K50x
ShortBingX APEX-USDT0.25520.0100get 0.0050% / 4h2h 00m$1.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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: −0.078% → +0.001%
−$7.97
Slippage, 4 orders
−$161.45
Fee MEXC: 2 bp × 2 orders
−$4
Fee BingX: 5 bp × 2 orders
−$10
Net
−$183.42
Costs to cover
1.755%
Break-even
never at this rate
Slippage from MEXC: live order book, 15 min ago; BingX: live order book, 15 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 MEXC live order book, 15 min ago3.90 bp19.1 bp −$19119.1 bp −$1,191944.0 bp −$94.4Kdoesn't fit
Sell BingX live order book, 15 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
Bybit APEXUSDT+0.0100%4h0.2553−0.039%$3.6M$1.3M25xas long as short
MEXC APEX_USDTlong+0.0100%4h0.2554long leg$601K$255K50x
BingX APEX-USDTshort+0.0100%4h0.2552−0.078%$1.3M
Variational Omni APEX+0.0100%4h0.2555+0.036%$17K$4Kas long as short
ApeX Omni APEXUSDT+0.0100%1h0.2548−0.235%$136K$471K50xas long as short
BloFin APEX-USDT+0.0110%4h0.25540.000%$94K$2K25xas long as short
Lighter APEX+0.1624%1h0.2564+0.380%$54K$21K5xas long as short
Hyperliquid APEX+0.1628%1h0.2564+0.399%$2.9M$117K3xas long as short