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

PROVE

all PROVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.1285%/8h= −140.7% APRpaid last 24h −0.039%
Price spread now: Aster against ApeX Omni+0.390%99s7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1061.065% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.640%+$64 on $10k
Price spread, last 4 days (all we have)−0.543%−$54 · spread now +0.390%, 7d avg −0.021%
Together, before fees+0.097%+ Points / potential airdropAster: Stage 5 · farm board+$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.411% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.390% now, against its 7-day average of −0.021%): +$41 on $10k if it goes back. Holding the pair costs −$39 a day in funding at the current rate, which eats that in about 26 hours. Mind the row above: over the last 7 days funding on this pair paid +0.640%, so the current rate has only just turned against you. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.640% in total (about 33.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni PROVEUSDT0.2335−0.2730get 0.0341% / 1h53m 47s$49K$335K50x
ShortAster PROVEUSDT0.2344−0.4015pay 0.2007% / 4h53m 47s$46K$275K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against ApeX 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
−$269.8
Price spread: +0.390% → −0.021%
$41.08
Slippage, 4 orders
−$88.49
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$335.22
Costs to cover
1.065%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 4 min ago; Aster: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 4 min ago10.70 bp23.3 bp −$23160.5 bp −$1,605doesn't fitdoesn't fit
Sell Aster live order book, 3 min ago10.68 bp30.1 bp −$30214.4 bp −$2,144doesn't fitdoesn't fit

PROVE on 14 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
Bybit PROVEUSDT−0.4144%4h0.2351+0.685%$2.2M$11.5M25xas long as short
OKX PROVE-USDT-SWAP−0.4073%4h0.2344+0.385%$617K$8.5M20xas long as short
Aster PROVEUSDTshort−0.4015%4h0.2344+0.390%$46K$275K5x
Bitget PROVEUSDT−0.3822%4h0.2347+0.514%$717K$5.1M50xas long as short
Binance PROVEUSDT−0.3803%4h0.2344+0.385%$3.5M$37.9M75xas long as short
MEXC PROVE_USDT−0.3802%4h0.2344+0.385%$280K$415K20xas long as short
KuCoin PROVEUSDTM−0.3578%4h0.2346+0.458%$2.8M$1.2M50xas long as short
Variational Omni PROVE−0.3200%4h0.2348+0.562%$28K$47Kas long as short
Gate PROVE_USDT−0.3192%4h0.2347+0.514%$202K$1.1M75xas long as short
GRVT PROVE_USDT_Perp−0.3150%4h0.2340+0.214%$228K$2.7M10xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni PROVEUSDTlong−0.2730%1h0.2335long leg$49K$335K50x
BingX PROVE-USDT−0.2724%4h0.2345+0.428%$2.5Mas long as short
Hyperliquid PROVE−0.0933%1h0.2344+0.381%$340K$948K3xas long as short
Lighter PROVE+0.0096%1h0.2352+0.711%$83K$140K3xas long as short