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
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%
=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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni PROVEUSDT | 0.2387 | −0.2995 | get 0.0374% / 1h | 6m 50s | $52K | $333K | 50x |
| Short | Binance PROVEUSDT | 0.2381 | −0.7162 | pay 0.3581% / 4h | 6m 50s | $3.4M | $36.2M | 75x |
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 itlatest
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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy ApeX Omni live order book, 6 min ago | 12.62 bp | 22.0 bp −$22 | 149.1 bp −$1,491 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 2.10 bp | 20.6 bp −$21 | 79.2 bp −$792 | doesn't fit | doesn't fit |
PROVE on 14 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit PROVEUSDT | −0.9767% | 4h | 0.2392 | +0.205% | $2.1M | $10.2M | 25x | as long as short |
| BingX PROVE-USDT | −0.9298% | 4h | 0.2386 | −0.046% | — | $2.5M | — | as long as short |
| Variational Omni PROVE | −0.8192% | 4h | 0.2387 | +0.002% | $28K | $46K | — | as long as short |
| Binance PROVEUSDTshort | −0.7162% | 4h | 0.2381 | −0.256% | $3.4M | $36.2M | 75x | |
| MEXC PROVE_USDT | −0.7162% | 4h | 0.2381 | −0.256% | $294K | $403K | 20x | as long as short |
| Hyperliquid PROVE | −0.7061% | 1h | 0.2383 | −0.172% | $353K | $919K | 3x | as long as short |
| OKX PROVE-USDT-SWAP | −0.6868% | 4h | 0.2383 | −0.172% | $608K | $8.1M | 20x | as long as short |
| Gate PROVE_USDT | −0.6742% | 4h | 0.2388 | +0.038% | $215K | $1.0M | 75x | as long as short |
| Aster PROVEUSDT | −0.6635% | 4h | 0.2390 | +0.121% | $46K | $269K | 5x | as long as short |
| GRVT PROVE_USDT_Perp | −0.6526% | 4h | 0.2390 | +0.121% | $222K | $2.5M | 10x | as long as short |
Show all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PROVEUSDT | −0.6460% | 4h | 0.2382 | −0.214% | $666K | $4.7M | 50x | as long as short |
| KuCoin PROVEUSDTM | −0.6230% | 4h | 0.2387 | +0.017% | $2.9M | $1.1M | 50x | as long as short |
| ApeX Omni PROVEUSDTlong | −0.2995% | 1h | 0.2387 | long leg | $52K | $333K | 50x | |
| Lighter PROVE | −0.2752% | 1h | 0.2391 | +0.155% | $83K | $132K | 3x | as long as short |
ApeX Omni PROVEUSDT
Binance PROVEUSDT
Bybit PROVEUSDT
BingX PROVE-USDT
Variational Omni PROVE
MEXC PROVE_USDT
Hyperliquid PROVE
OKX PROVE-USDT-SWAP
Gate PROVE_USDT
Aster PROVEUSDT
GRVT PROVE_USDT_Perp
Bitget PROVEUSDT
KuCoin PROVEUSDTM
Lighter PROVE