A twisting and leaping exercise apparatus includes a base, at least one fixed seat, one or more sets of upper and lower swinging arms, a pedal set, a connecting plate and an elastic module. If an exerciser applies a force onto the pedal set, the pedal set will press onto the elastic module, such that the restoring resilience of the elastic module allows the exerciser to have an up-and-down leaping exercise, and the exerciser can also turn the pedal set to left and right to achieve the function of a waist twisting exercise, so as to achieve an all-round exercise and a better exercise effect.
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