Funding you earn now, next payment 04:00 UTC+0.1154%/8h= +126.3% APRnext payment +$1.44 per $10,000 · paid last 24h +0.058%
Price spread now: Hyperliquid against ApeX Omni+0.074%7-day average −0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$930.933% of the position
Funding, last 7 days+0.671%+$67 on $10k
+Price spread, last 4 days (all we have)−0.201%−$20 · spread now +0.074%, 7d avg −0.075%
=Together, before fees+0.470%+ Points / potential airdropHyperliquid: Season 2 · farm board+$47 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$35 a day on $10k at the current rate, and Hyperliquid is 0.149% dearer against ApeX Omni than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.075%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.671% in total (about 35.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.44 per $10,000. 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 | 0.2305 | −0.2222 | get 0.0278% / 1h | 5m 06s | $49K | $335K | 50x |
| Short | Hyperliquid PROVE | 0.2307 | −0.1069 | pay 0.0134% / 1h | 5m 06s | $340K | $954K | 3x |
ApeX Omni PROVEUSDT
Hyperliquid PROVEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- $242.25
- Price spread: +0.074% → −0.075%
- $14.89
- Slippage, 4 orders
- −$74.34
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $163.8
- Costs to cover
- 0.933%
- Break-even
- 2.3 days
Slippage from ApeX Omni: live order book, 52 min ago; Hyperliquid: live order book, 25 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, 52 min ago | 10.70 bp | 23.3 bp −$23 | 160.5 bp −$1,605 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 25 min ago | 4.96 bp | 24.1 bp −$24 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster PROVEUSDT | −0.2694% | 4h | 0.2313 | +0.337% | $46K | $274K | 5x | as long as short |
| OKX PROVE-USDT-SWAP | −0.2686% | 4h | 0.2307 | +0.087% | $626K | $8.4M | 20x | as long as short |
| Bitget PROVEUSDT | −0.2654% | 4h | 0.2308 | +0.130% | $680K | $5.2M | 50x | as long as short |
| MEXC PROVE_USDT | −0.2648% | 4h | 0.2306 | +0.043% | $301K | $423K | 20x | as long as short |
| Binance PROVEUSDT | −0.2618% | 4h | 0.2306 | +0.024% | $3.4M | $37.9M | 75x | as long as short |
| Bybit PROVEUSDT | −0.2582% | 4h | 0.2313 | +0.347% | $2.1M | $11.5M | 25x | as long as short |
| KuCoin PROVEUSDTM | −0.2310% | 4h | 0.2308 | +0.130% | $2.8M | $1.1M | 50x | as long as short |
| ApeX Omni PROVEUSDTlong | −0.2222% | 1h | 0.2305 | long leg | $49K | $335K | 50x | |
| Gate PROVE_USDT | −0.2208% | 4h | 0.2309 | +0.174% | $196K | $1.1M | 75x | as long as short |
| GRVT PROVE_USDT_Perp | −0.2188% | 4h | 0.2304 | −0.043% | $221K | $2.9M | 10x | as long as short |
Aster PROVEUSDT
OKX PROVE-USDT-SWAP
Bitget PROVEUSDT
MEXC PROVE_USDT
Binance PROVEUSDT
Bybit PROVEUSDT
KuCoin PROVEUSDTM
Gate PROVE_USDT
GRVT PROVE_USDT_PerpShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PROVE-USDT | −0.1878% | 4h | 0.2307 | +0.087% | — | $2.5M | — | as long as short |
| Variational Omni PROVE | −0.1297% | 4h | 0.2308 | +0.134% | $28K | $47K | — | as long as short |
| Hyperliquid PROVEshort | −0.1069% | 1h | 0.2307 | +0.074% | $340K | $954K | 3x | |
| Lighter PROVE | +0.0096% | 1h | 0.2312 | +0.308% | $81K | $142K | 3x | as long as short |
BingX PROVE-USDT
Variational Omni PROVE
Lighter PROVE