Funding you earn now, next payment 05:00 UTC+0.2379%/8h= +260.5% APRnext payment +$2.97 per $10,000 · paid last 24h +0.488%
Price spread now: Lighter against ApeX Omni+0.372%78s7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as 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−$1301.303% of the position
Funding, last 7 days+0.988%+$99 on $10k
+Price spread, last 4 days (all we have)−0.499%−$50 · spread now +0.372%, 7d avg +0.019%
=Together, before fees+0.489%+ Points / potential airdropLighter: Season 3 · farm board+$49 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$71 a day on $10k at the current rate, and Lighter is 0.353% dearer against ApeX Omni than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of +0.019%. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.988% in total (about 51.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.97 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 | 0.2284 | −0.2283 | get 0.0285% / 1h | 9m 55s | $21K | $332K | 50x |
| Short | Lighter PROVE | 0.2293 | 0.0096 | get 0.0012% / 1h | 9m 55s | $80K | $131K | 3x |
ApeX Omni PROVEUSDT
Lighter PROVEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $499.65
- Price spread: +0.372% → +0.019%
- $35.29
- Slippage, 4 orders
- −$120.26
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $404.68
- Costs to cover
- 1.303%
- Break-even
- 1.3 days
Slippage from ApeX Omni: live order book, 42 min ago; Lighter: 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, 42 min ago | 10.92 bp | 20.6 bp −$21 | 126.0 bp −$1,260 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 25 min ago | 34.69 bp | 41.2 bp −$41 | 233.7 bp −$2,337 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni PROVEUSDTlong | −0.2283% | 1h | 0.2284 | long leg | $21K | $332K | 50x | |
| Aster PROVEUSDT | −0.2097% | 4h | 0.2285 | +0.043% | $37K | $265K | 5x | as long as short |
| OKX PROVE-USDT-SWAP | −0.1955% | 4h | 0.2286 | +0.088% | $639K | $7.2M | 20x | as long as short |
| MEXC PROVE_USDT | −0.1890% | 4h | 0.2284 | 0.000% | $291K | $419K | 20x | as long as short |
| Binance PROVEUSDT | −0.1872% | 4h | 0.2284 | 0.000% | $3.5M | $32.4M | 75x | as long as short |
| Bitget PROVEUSDT | −0.1844% | 4h | 0.2286 | +0.088% | $655K | $4.1M | 50x | as long as short |
| KuCoin PROVEUSDTM | −0.1472% | 4h | 0.2288 | +0.153% | $2.8M | $725K | 50x | as long as short |
| GRVT PROVE_USDT_Perp | −0.0966% | 4h | 0.2283 | −0.025% | $213K | $3.0M | 10x | as long as short |
| Gate PROVE_USDT | −0.0878% | 4h | 0.2287 | +0.131% | $203K | $645K | 75x | as long as short |
| Hyperliquid PROVE | −0.0738% | 1h | 0.2286 | +0.105% | $327K | $759K | 3x | as long as short |
Aster PROVEUSDT
OKX PROVE-USDT-SWAP
MEXC PROVE_USDT
Binance PROVEUSDT
Bitget PROVEUSDT
KuCoin PROVEUSDTM
GRVT PROVE_USDT_Perp
Gate PROVE_USDT
Hyperliquid PROVEShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit PROVEUSDT | −0.0271% | 4h | 0.2291 | +0.306% | $2.1M | $9.7M | 25x | as long as short |
| BingX PROVE-USDT | −0.0240% | 4h | 0.2286 | +0.088% | — | $2.5M | — | as long as short |
| Variational Omni PROVE | +0.0015% | 4h | 0.2291 | +0.310% | $28K | $46K | — | as long as short |
| Lighter PROVEshort | +0.0096% | 1h | 0.2293 | +0.372% | $80K | $131K | 3x |
Bybit PROVEUSDT
BingX PROVE-USDT
Variational Omni PROVE