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

APEX

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0772%/8h= +84.5% APRpaid last 24h +0.368%
Price spread now: Lighter against Variational Omni+0.318%7-day average · 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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Lighter is 0.318% dearer against Variational Omni than usual: you sell high and buy low: +$32 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni APEX0.26020.0100pay 0.0050% / 4h3h 00m$19K$5K
ShortLighter APEX0.26100.0872get 0.0109% / 1h0m 50s$57K$26K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. 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
$162.12
Price spread: +0.318% → 0.000%
$31.83
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Lighter: 0 bp × 2 orders
$0
Net
$193.95
Costs to cover
0.000%
Break-even
from the start
Slippage unknown: Variational Omni: no order-book sample; Lighter: no order-book sample. 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 Variational Omni no order-book sample
Sell Lighter no order-book sample
Variational Omni and Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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+0.0041%4h0.2596−0.212%$95K$3K25xas long as short
Bybit APEXUSDT+0.0100%4h0.2602+0.018%$3.7M$1.3M25xas long as short
MEXC APEX_USDT+0.0100%4h0.2599−0.097%$643K$277K50xas long as short
BingX APEX-USDT+0.0100%4h0.2603+0.057%$1.3Mas long as short
Variational Omni APEXlong+0.0100%4h0.2602long leg$19K$5K
ApeX Omni APEXUSDT+0.0100%1h0.2608+0.249%$134K$320K50xas long as short
Hyperliquid APEX+0.0289%1h0.2605+0.126%$2.9M$116K3xas long as short
Lighter APEXshort+0.0872%1h0.2610+0.318%$57K$26K5x