APEX perpetuals
Compare funding costs for one asset across venues.
Data as of 2026-09-30 23:44 UTC
APEX is quoted on 3 contracts. The highest funding rate is on Hyperliquid at +244.37% annualised, quoted per 1h, and the lowest is on Lighter at +10.51% — a gap of 233.86 points. Rate periods differ across these contracts, so each is converted to a simple annualised figure before comparison.
By venue
| Venue | Rate | Annualised | 30d realised APR | Max leverage | 24h turnover | Actions |
|---|---|---|---|---|---|---|
| HyperliquidOn-chainAPEX | +0.0279%1h | +244.37% | +39.48% |
3x | 729.7K | |
| BybitCentralisedAPEXUSDT | +0.0905%4h | +198.27% | +10.95% |
25x | 2.1M | |
| LighterOn-chainAPEX | +0.0096%8h | +10.51% | — no history yet |
5x | 8.3K |
Common questions
Which exchanges list APEX perpetual futures?
APEX trades as 3 perpetual contracts across 3 venues: Bybit, Hyperliquid and Lighter. The busiest is Bybit, with $2.1M of 24h turnover — 74% of the total.
Where is APEX funding cheapest right now?
For a long, the most favourable collected rate is +10.51% annualised on Lighter; for a short, it is +244.37% on Hyperliquid — a gap of 233.86 points. Every venue collected has longs paying right now.
How much funding does a 10,000 USDT APEX position pay per day?
At current rates a 10,000 USDT long pays about +66.95 USDT a day on Hyperliquid and +2.88 USDT on Lighter. Over the past 30 days Hyperliquid actually settled an average of +10.82 USDT a day on the same position.
How often does APEX funding settle?
It depends on the venue: Hyperliquid and Lighter every 1h; Bybit every 4h.
What has APEX funding actually paid over the past 30 days?
The highest realised figure was on Hyperliquid: +39.48% annualised across 199 settlements, 0% of them negative. The lowest was Bybit, at +10.95%. 2 of the 3 contracts have at least a week of settled history to measure.
What is the highest leverage available on APEX?
The highest collected cap is 25x, on Bybit. On Bybit it applies up to 5K USDT of notional; above that the cap drops to 20x.
APEX comparison scope and payment direction
This page retains low-turnover APEX contracts without the main ranking’s $1M threshold. Positive funding is paid by longs; negative funding is paid by shorts. High and low are rate values, not recommendations. These contracts quote in USD and USDT; check each specification for settlement currency and multiplier before comparing. Annualisation method · Official sources.
Rates and chart methodology
Annualised over the window sums what actually settled on that contract, then extrapolates across the hours those settlements covered — it is not today's rate projected forward. A contract listed less than 30 days ago is extrapolated from its own span. The grey line is zero: above it longs pay, below it shorts pay. Every row in that column shares one vertical scale, so their swings can be compared directly.
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Margin ladders
Hyperliquid · APEX With deduction
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – ∞ quote | 16.6667% | 3.00x | — |
Bybit · APEXUSDT With deduction
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – 5000 quote | 2.0000% | 25.00x | — |
| 2 | 5000 – 25000 quote | 2.5000% | 20.00x | 25 |
| 3 | 25000 – 50000 quote | 3.0000% | 16.67x | 150 |
| 4 | 50000 – 75000 quote | 3.5000% | 14.29x | 400 |
| 5 | 75000 – 100000 quote | 4.0000% | 12.50x | 775 |
| 6 | 100000 – 125000 quote | 4.5000% | 11.12x | 1275 |
| 7 | 125000 – 150000 quote | 5.0000% | 10.00x | 1900 |
| 8 | 150000 – 175000 quote | 5.5000% | 9.10x | 2650 |
| 9 | 175000 – 200000 quote | 6.0000% | 8.34x | 3525 |
| 10 | 200000 – 225000 quote | 6.5000% | 7.70x | 4525 |
| 11 | 225000 – 250000 quote | 7.0000% | 7.15x | 5650 |
| 12 | 250000 – 275000 quote | 7.5000% | 6.67x | 6900 |
| 13 | 275000 – 300000 quote | 8.0000% | 6.25x | 8275 |
| 14 | 300000 – 325000 quote | 8.5000% | 5.89x | 9775 |
| 15 | 325000 – 350000 quote | 9.0000% | 5.56x | 11400 |
| 16 | 350000 – 800000 quote | 11.0000% | 4.55x | 18400 |
| 17 | 800000 – 900000 quote | 13.0000% | 3.85x | 34400 |
| 18 | 900000 – 1000000 quote | 15.0000% | 3.34x | 52400 |
| 19 | 1000000 – 1100000 quote | 17.0000% | 2.95x | 72400 |
| 20 | 1100000 – 1200000 quote | 19.0000% | 2.64x | 94400 |
| 21 | 1200000 – 1300000 quote | 21.0000% | 2.39x | 118400 |
| 22 | 1300000 – 1400000 quote | 23.0000% | 2.18x | 144400 |
| 23 | 1400000 – 1500000 quote | 25.0000% | 2.00x | 172400 |
| 24 | 1500000 – 1600000 quote | 27.0000% | 1.86x | 202400 |
| 25 | 1600000 – 1700000 quote | 29.0000% | 1.73x | 234400 |
| 26 | 1700000 – 1800000 quote | 31.0000% | 1.62x | 268400 |
| 27 | 1800000 – 1900000 quote | 33.0000% | 1.52x | 304400 |
| 28 | 1900000 – 2000000 quote | 35.0000% | 1.43x | 342400 |
| 29 | 2000000 – 2100000 quote | 45.0000% | 1.12x | 542400 |
| 30 | 2100000 – ∞ quote | 60.0000% | 1.00x | 857400 |
Lighter · APEX No deduction
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – ∞ quote | 12.0000% | 5.00x | — |