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    FAQ — ApeX Pro x Bybit
    bybit2024-10-23 05:54:06

    What is ApeX Pro?

    ApeX Protocol is a multi-chain decentralized derivatives protocol designed to solve the shortcomings of existing DEXs, such as high gas fees and poor order execution. ApeX Pro is the core product of ApeX Protocol. Its a non-custodial trading platform that provides unlimited access to cross-margin USDC Perpetual contracts with its order book model. ApeX Protocol remains committed not just to its promise of speed and efficiency, but also the transparency and security of traders' preferred Derivatives trading assets.

    For more information, please refer to ApeX Pro: A Simplified DEX for All Traders

     

    Where can I find all the official links for the ApeX Protocol?

    Website: https://apex.exchange/

    Official Docs: https://apex-pro.gitbook.io/apex-pro

    Twitter: https://twitter.com/OfficialApeXdex   

    You can access all other official links for the ApeX Protocol here.

     

    How can I trade with ApeX Pro on Bybit?
    First, you’ll need to create a Bybit Wallet and connect it with ApeX Pro. Once you’ve connected your Bybit Wallet to ApeX Pro, you can deposit USDC to Apex Pro from your Bybit Wallet or Bybit Spot Account. 

    For more information, please refer to How to Trade on ApeX Pro via Bybit .

     

    Can I connect another wallet with ApeX Pro on Bybit?

    On Bybit, you can only use a Bybit Wallet to connect to ApeX Pro. If you want to use other wallets (such as MetaMask or Coinbase Wallet) to connect to ApeX Pro, you can connect through ApeX Pro’s website. 

     

    Can I deposit or withdraw my funds to/from ApeX Pro on Bybit?

    You can deposit or withdraw to/from your Bybit Spot Account or Bybit Wallet (Web3). 

    • There’s no transaction fee for transfers between a Bybit Spot Account and ApeX Pro on Bybit.
    • Transfers between Bybit Wallet and ApeX Pro on Bybit requires ETH to pay a network gas fee. For withdrawal via Bybit Wallet, an additional 1 USDC will be charged by ApeX Pro. For more information, please visit here.

    For more information, please refer to How to Deposit and Withdraw coins To/From ApeX Pro Account on Bybit.

     

    How long does it take to process deposits or withdrawals to/from ApeX Pro on Bybit?

    For Deposits: 

    • Deposits from your Bybit Spot Account to ApeX Pro on Bybit are instant. 
    • Deposits from your Bybit Wallet to ApeX Pro will be credited in 5 minutes time. 

    For Withdrawals: 

    • Withdrawals from ApeX Pro to your Bybit Spot Account on Bybit are instant. 
    • For withdrawals from ApeX Pro to your Bybit Wallet, it can be done through fast withdrawal. Fast withdrawals utilize withdrawal liquidity providers to send funds instantly, without requiring users to wait for layer 2 blocks to be mined. 

     

    Where can I check the status of my deposit or withdrawal?

    You can check your deposit and withdrawal status under DashboardTransfers. Kindly ensure that you have selected the correct date range in order to check on your deposit/withdrawal history.
     


     

     

    What is the minimum deposit/withdrawal amount?

    The minimum deposit and withdrawal amount is 10 USDC (excluding fees). 

     

    Where can I access ApeX Pro?

    On the Bybit webpage, you can click on Web3 → DEX to access ApeX Pro. 

    On the Bybit App homepage, you can click on MoreDEX to access ApeX Pro. 

     

    What are the differences between Bybit’s Perpetual Contracts and ApeX Pro?

     

    Bybit

    ApeX Pro

    Margin Mode

    Isolated Margin, Cross-Margin

    Cross-Margin

    Supported Contract Types

     

    Inverse Perpetual contracts USDT Perpetual contracts

    USDC Perpetual contracts

    USDC Options

    USDC Perpetual contracts

    Maximum Leverage 

    Up to 100x (adjustable)

    Up to 20x (non-adjustable)

    Funding Interval

    2 hours or 8 hours

    1 hour

    Liquidation

    The position will be liquidated when the Mark Price reaches the liquidation price.

    The position will be liquidated when the Oracle Price reaches the liquidation price.

    Good-Till-Canceled/

    Good-Till-Time Order

    GTC order: Will ensure that your order is effective until it is fulfilled or canceled. 

    GTT order: Will ensure that your order is effective until it is fulfilled /canceled or the maximum default period of 4 weeks is reached.

    Risk Limit

    Manual adjustment is needed for higher risk limits. 

    Auto adjustment according to the position value held.

     

    What is Oracle Price?

    Oracle Price pulls from numerous external and independent data aggregators, and is used to calculate your margin and liquidation price. The estimated liquidation price is affected by your leverage and margin. If the Oracle Price reaches the liquidation price, your position will be liquidated. For more information, please refer to ApeX Pro FAQ.



    Where can I view my order and funding history?

    Check your order and funding history from the Dashboard
     



    How do I calculate the leverage on my position?
     

    The position’s leverage indicates the effective leverage calculated based on the trader’s contract(s) value as compared to the position’s maximum possible loss. This data can be found in the dashboard overview.

     

    The calculation is based on the following formula:

     

    Leverage = Contract(s) Value / Total Equity

    • Total Equity = Position Margin + Order Margin + Available Margin + Profit Today
    • Profit Today = Unrealized P/L of Open Positions 

     

     

    There are some issues with my order. How can I solve this?

    Please note that Bybit Customer Support won’t be able to assist with any order issues on ApeX Pro. If you encounter any issues with your order, feel free to reach out to ApeX Protocol Customer Support via ApeX Protocol’s official Discord ticket service. Please refer to the guide on How to Contact ApeX Protocol Support to submit a ticket.

     

    For more information on ApeX Pro, please refer to ApeX Pro FAQ.

     
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