Funding arb · Price arb /

PROVE

all PROVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1541%/8h= +168.7% APRpaid last 24h −0.161%

Price spread now: Gate against ApeX Omni+0.255%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$1161.163% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.471%+$47 on $10k

Price spread, last 3 days (all we have)−0.224%−$22 · spread now +0.255%, 7d avg +0.007%

Together, before fees+0.247%+$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$46 a day on $10k at the current rate, and Gate is 0.248% dearer against ApeX Omni than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.007%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.471% in total (about 24.6% 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	0.2356	−0.5243	get 0.0655% / 1h	18m 41s	$50K	$334K	50x
Short	Gate PROVE_USDT	0.2362	−0.3702	pay 0.1851% / 4h	3h 18m	$205K	$1.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.255%Rate

Funding earned: $323.6
Price spread: +0.255% → +0.007%: $24.77
Slippage, 4 orders: −$91.26
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $232.11
Costs to cover: 1.163%
Break-even: 2.0 days

Slippage from ApeX Omni: live order book, 54 min ago; Gate: live order book, 3 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, 54 min ago	12.62 bp	22.0 bp −$22	149.1 bp −$1,491	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	8.48 bp	35.5 bp −$35	doesn't fit	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	−0.6562%	4h	0.2360	+0.170%	$293K	$409K	20x	as long as short
Binance PROVEUSDT	−0.6524%	4h	0.2359	+0.137%	$3.4M	$36.8M	75x	as long as short
OKX PROVE-USDT-SWAP	−0.6328%	4h	0.2360	+0.170%	$614K	$8.3M	20x	as long as short
Aster PROVEUSDT	−0.6252%	4h	0.2365	+0.382%	$48K	$271K	5x	as long as short
Bitget PROVEUSDT	−0.5980%	4h	0.2357	+0.042%	$754K	$4.9M	50x	as long as short
KuCoin PROVEUSDTM	−0.5820%	4h	0.2361	+0.199%	$2.8M	$1.1M	50x	as long as short
ApeX Omni PROVEUSDTlong	−0.5243%	1h	0.2356	long leg	$50K	$334K	50x
Bybit PROVEUSDT	−0.5160%	4h	0.2364	+0.340%	$2.2M	$10.7M	25x	as long as short
Hyperliquid PROVE	−0.3803%	1h	0.2362	+0.267%	$351K	$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	−0.3742%	4h	0.2359	+0.127%	—	$2.5M	—	as long as short
Gate PROVE_USDTshort	−0.3702%	4h	0.2362	+0.255%	$205K	$1.0M	75x
GRVT PROVE_USDT_Perp	−0.3180%	4h	0.2358	+0.085%	$226K	$2.6M	10x	as long as short
Lighter PROVE	−0.0208%	1h	0.2366	+0.412%	$83K	$132K	3x	as long as short