Funding arb · Price arb /

PROVE

all PROVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h −0.480%

Price spread now: Bybit against ApeX Omni+0.891%109s7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1021.023% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 3 days (all we have)−0.822%−$82 · spread now +0.891%, 7d avg +0.063%

Together, before fees−0.929%−$93 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.829% dearer against ApeX Omni than usual: you sell high and buy low: +$83 more if the spread goes back to its 7-day average of +0.063%. Mind the row above: over the last 7 days funding on this pair cost −0.106%, so the current rate has only just turned in your favour. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PROVEUSDT	0.2356	−0.5243	get 0.0655% / 1h	17m 35s	$50K	$334K	50x
Short	Bybit PROVEUSDT	0.2377	−0.5188	pay 0.2594% / 4h	3h 17m	$2.2M	$10.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee BybitbpOrdersPrice spread, now +0.891%Rate

Funding earned: $11.56
Price spread: +0.891% → +0.063%: $82.88
Slippage, 4 orders: −$81.29
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$7.85
Costs to cover: 1.023%
Break-even: 11.8 days

Slippage from ApeX Omni: live order book, 55 min ago; Bybit: live order book, 6 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, 55 min ago	12.62 bp	22.0 bp −$22	149.1 bp −$1,491	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	4.22 bp	24.4 bp −$24	121.7 bp −$1,217	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
Variational Omni PROVE	−0.7258%	4h	0.2361	+0.196%	$29K	$47K	—	as long as short
MEXC PROVE_USDT	−0.6522%	4h	0.2373	+0.722%	$295K	$409K	20x	as long as short
Binance PROVEUSDT	−0.6478%	4h	0.2373	+0.727%	$3.4M	$36.8M	75x	as long as short
OKX PROVE-USDT-SWAP	−0.6296%	4h	0.2372	+0.679%	$617K	$8.3M	20x	as long as short
Aster PROVEUSDT	−0.6223%	4h	0.2372	+0.681%	$48K	$271K	5x	as long as short
Bitget PROVEUSDT	−0.5960%	4h	0.2373	+0.722%	$759K	$4.9M	50x	as long as short
KuCoin PROVEUSDTM	−0.5794%	4h	0.2373	+0.722%	$2.9M	$1.1M	50x	as long as short
ApeX Omni PROVEUSDTlong	−0.5243%	1h	0.2356	long leg	$50K	$334K	50x
Bybit PROVEUSDTshort	−0.5188%	4h	0.2377	+0.891%	$2.2M	$10.7M	25x
Hyperliquid PROVE	−0.3766%	1h	0.2376	+0.845%	$353K	$928K	3x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PROVE-USDT	−0.3612%	4h	0.2375	+0.806%	—	$2.5M	—	as long as short
Gate PROVE_USDT	−0.3542%	4h	0.2376	+0.849%	$207K	$1.0M	75x	as long as short
GRVT PROVE_USDT_Perp	−0.3180%	4h	0.2358	+0.085%	$226K	$2.6M	10x	as long as short
Lighter PROVE	−0.0192%	1h	0.2381	+1.048%	$84K	$132K	3x	as long as short