Funding arb · Price arb /

PROVE

all PROVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0037%/8h= +4.0% APRpaid last 24h +0.026%

Price spread now: GRVT against ApeX Omni+0.078%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1241.238% of the position

Long on ApeX Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.752%+$75 on $10k

Price spread, last 4 days (all we have)−0.182%−$18 · spread now +0.078%, 7d avg +0.001%

Together, before fees+0.570%+ Points / potential airdropGRVT: Active · farm board+$57 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and GRVT is 0.077% dearer against ApeX Omni than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PROVEUSDT	0.2311	−0.2157	get 0.0270% / 1h	0m 38s	$49K	$335K	50x
Short	GRVT PROVE_USDT_Perp	0.2313	−0.2120	pay 0.1060% / 4h	0m 38s	$223K	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.078%Rate

Funding earned: $7.76
Price spread: +0.078% → +0.001%: $7.68
Slippage, 4 orders: −$104.76
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$108.32
Costs to cover: 1.238%
Break-even: 104.7 days

Slippage from ApeX Omni: live order book, 57 min ago; GRVT: 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, 57 min ago	10.70 bp	23.3 bp −$23	160.5 bp −$1,605	doesn't fit	doesn't fit
Sell GRVT live order book, 3 min ago	6.48 bp	46.3 bp −$46	126.1 bp −$1,261	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
Aster PROVEUSDT	−0.2559%	4h	0.2317	+0.231%	$46K	$274K	5x	as long as short
OKX PROVE-USDT-SWAP	−0.2538%	4h	0.2313	+0.078%	$628K	$8.4M	20x	as long as short
Bitget PROVEUSDT	−0.2520%	4h	0.2312	+0.035%	$679K	$5.2M	50x	as long as short
MEXC PROVE_USDT	−0.2514%	4h	0.2311	−0.008%	$302K	$423K	20x	as long as short
Binance PROVEUSDT	−0.2487%	4h	0.2309	−0.076%	$3.4M	$37.8M	75x	as long as short
Bybit PROVEUSDT	−0.2462%	4h	0.2318	+0.295%	$2.1M	$11.5M	25x	as long as short
KuCoin PROVEUSDTM	−0.2182%	4h	0.2315	+0.161%	$2.8M	$1.1M	50x	as long as short
ApeX Omni PROVEUSDTlong	−0.2157%	1h	0.2311	long leg	$49K	$335K	50x
GRVT PROVE_USDT_Perpshort	−0.2120%	4h	0.2313	+0.078%	$223K	$2.9M	10x
Gate PROVE_USDT	−0.2100%	4h	0.2314	+0.122%	$197K	$1.1M	75x	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	−0.1786%	4h	0.2314	+0.122%	—	$2.5M	—	as long as short
Variational Omni PROVE	−0.1148%	4h	0.2318	+0.299%	$28K	$47K	—	as long as short
Hyperliquid PROVE	−0.1037%	1h	0.2311	−0.004%	$341K	$955K	3x	as long as short
Lighter PROVE	+0.0096%	1h	0.2318	+0.312%	$82K	$142K	3x	as long as short