ArbiLayer

APEX arbitrage

live

Live APEX price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.16%Bybit → Bybit · Spot–Perp
Best perp–perp spread0.00%Variational → Bybit
Markets tracked64 venues · 4 perp · 2 spot · 0 DEX
Price range0.22%$0.2295 – $0.23

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Variational logoVariational$0.2299Bybit logoBybit$0.2299 0.00%-0.16% +0.00%— +0.000%— LS Chart →
Variational logoVariational$0.2299MEXC logoMEXC$0.2299 0.00%-0.16% +0.00%— +0.000%— LS Chart →
Bybit logoBybit$0.23MEXC logoMEXC$0.2299 -0.04%-0.20% -0.04%— 0.000%— LS Chart →
MEXC logoMEXC$0.23Bybit logoBybit$0.2299 -0.04%-0.20% -0.04%— 0.000%— LS Chart →
Hyperliquid logoHyperliquid$0.2302Bybit logoBybit$0.2299 -0.14%-0.30% -0.13%— 0.000%— LS Chart →
Hyperliquid logoHyperliquid$0.2302MEXC logoMEXC$0.2299 -0.14%-0.30% -0.13%— 0.000%— LS Chart →
Variational logoVariational$0.2299Hyperliquid logoHyperliquid$0.2294 -0.21%-0.37% -0.21%— +0.000%— LS Chart →
Bybit logoBybit$0.23Hyperliquid logoHyperliquid$0.2294 -0.25%-0.41% -0.26%— 0.000%— LS Chart →
MEXC logoMEXC$0.23Hyperliquid logoHyperliquid$0.2294 -0.25%-0.41% -0.26%— 0.000%— LS Chart →
Bybit logoBybit$0.23Variational logoVariational$0.229 -0.43%-0.59% -0.43%— -0.000%— LS Chart →
MEXC logoMEXC$0.23Variational logoVariational$0.229 -0.43%-0.59% -0.43%— -0.000%— LS Chart →
Hyperliquid logoHyperliquid$0.2302Variational logoVariational$0.229 -0.53%-0.69% -0.52%— -0.000%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

APEX price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bybit logoBybitSpot · APEXUSDTSpot $0.2296$0.2298$0.2297-0.03% —$892.7K
Bybit logoBybitPerpetual · APEXUSDTPerpetual $0.2299$0.23$0.23+0.08% +0.030%$514.6K
MEXC logoMEXCPerpetual · APEX_USDTPerpetual $0.2299$0.23$0.23+0.08% +0.030%$134.8K
Hyperliquid logoHyperliquidPerpetual · APEXPerpetual $0.2294$0.2302$0.2298+0.03% +0.030%$127.7K
Variational logoVariationalPerpetual · APEXPerpetual $0.229$0.2299$0.2295-0.13% +0.030%$6.0K
MEXC logoMEXCSpot · APEXUSDTSpot $0.2294$0.23$0.2297-0.03% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

APEX arbitrage explained

Right now APEX trades on 4 venues we scan: 4 perpetual markets, 2 spot markets and 0 DEX pools. The lowest ask is on Bybit spot at $0.2298 and the highest bid on Bybit perp at $0.2299.

The widest APEX perpetual spread is between Variational and Bybit: long APEX on Variational at $0.2299 and short on Bybit at $0.2299 for 0.00% gross, or -0.16% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.000% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best APEX route is to buy spot on Bybit and short the perpetual on Bybit: +0.04% gross, -0.16% net, with +0.030% a day of funding on the short leg.

Spot–spot APEX arbitrage (buy on MEXC, withdraw, deposit and sell on Bybit) shows -0.17% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small APEX gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: APEX funding rates · APEX spread charts · APEX price · arbitrage scanner for all coins.

Is there a APEX arbitrage opportunity right now?

The best APEX route right now is to buy on Bybit spot → sell on Bybit (Spot–Perp): +0.04% gross and -0.16% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest APEX?

Bybit (spot) has the lowest APEX ask at $0.2298, and Bybit (perp) the highest bid at $0.2299. Prices update every 15 seconds on this page.

How many exchanges list APEX?

ArbiLayer tracks 6 APEX markets on 4 venues: 4 perpetual, 2 spot and 0 DEX pools.

How do I arbitrage APEX without transferring coins?

Use two perpetual contracts: go long APEX on the cheaper exchange (Variational now) and short it on the more expensive one (Bybit), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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