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

PROVE

all PROVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.4167%/8h= −456.3% APRpaid last 24h +0.119%
Price spread now: Binance against ApeX Omni−0.256%7-day average −0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$890.890% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.830%+$83 on $10k
Price spread, last 3 days (all we have)+0.162%+$16 · spread now −0.256%, 7d avg −0.110%
Together, before fees+0.992%+$99 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$125 a day on $10k at the current rate, and Binance is 0.146% cheaper against ApeX Omni than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.110%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.830%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.830% in total (about 43.3% 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 PROVEUSDT0.2387−0.2995get 0.0374% / 1h6m 50s$52K$333K50x
ShortBinance PROVEUSDT0.2381−0.7162pay 0.3581% / 4h6m 50s$3.4M$36.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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
−$875.16
Price spread: −0.256% → −0.110%
−$14.57
Slippage, 4 orders
−$68.95
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$978.68
Costs to cover
0.890%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 6 min ago; Binance: live order book, 5 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, 6 min ago12.62 bp22.0 bp −$22149.1 bp −$1,491doesn't fitdoesn't fit
Sell Binance live order book, 5 min ago2.10 bp20.6 bp −$2179.2 bp −$792doesn'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−0.9767%4h0.2392+0.205%$2.1M$10.2M25xas long as short
BingX PROVE-USDT−0.9298%4h0.2386−0.046%$2.5Mas long as short
Variational Omni PROVE−0.8192%4h0.2387+0.002%$28K$46Kas long as short
Binance PROVEUSDTshort−0.7162%4h0.2381−0.256%$3.4M$36.2M75x
MEXC PROVE_USDT−0.7162%4h0.2381−0.256%$294K$403K20xas long as short
Hyperliquid PROVE−0.7061%1h0.2383−0.172%$353K$919K3xas long as short
OKX PROVE-USDT-SWAP−0.6868%4h0.2383−0.172%$608K$8.1M20xas long as short
Gate PROVE_USDT−0.6742%4h0.2388+0.038%$215K$1.0M75xas long as short
Aster PROVEUSDT−0.6635%4h0.2390+0.121%$46K$269K5xas long as short
GRVT PROVE_USDT_Perp−0.6526%4h0.2390+0.121%$222K$2.5M10xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget PROVEUSDT−0.6460%4h0.2382−0.214%$666K$4.7M50xas long as short
KuCoin PROVEUSDTM−0.6230%4h0.2387+0.017%$2.9M$1.1M50xas long as short
ApeX Omni PROVEUSDTlong−0.2995%1h0.2387long leg$52K$333K50x
Lighter PROVE−0.2752%1h0.2391+0.155%$83K$132K3xas long as short