Funding arb · Price arb /

PROVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.3811%/8h= −417.3% APRpaid last 24h +0.119%

Price spread now: MEXC against ApeX Omni+0.168%7-day average −0.105% · you sell dearer than you buy

Net, funding: paid 7d − costs+$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$650.653% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.831%+$83 on $10k

Price spread, last 3 days (all we have)−0.265%−$27 · spread now +0.168%, 7d avg −0.105%

Together, before fees+0.565%+$57 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.273% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.168% now, against its 7-day average of −0.105%): +$27 on $10k if it goes back. Holding the pair costs −$114 a day in funding at the current rate, which eats that in about 6 hours. Mind the row above: over the last 7 days funding on this pair paid +0.831%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.831% in total (about 43.3% 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	0.2379	−0.3393	get 0.0424% / 1h	1m 07s	$52K	$333K	50x
Short	MEXC PROVE_USDT	0.2383	−0.7204	pay 0.3602% / 4h	1m 07s	$295K	$404K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.168%Rate

Funding earned: −$800.3
Price spread: +0.168% → −0.105%: $27.31
Slippage, 4 orders: −$51.3
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$838.29
Costs to cover: 0.653%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 11 min ago; MEXC: live order book, 60 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, 11 min ago	12.62 bp	22.0 bp −$22	149.1 bp −$1,491	doesn't fit	doesn't fit
Sell MEXC live order book, 60 min ago	4.17 bp	9.0 bp −$9	31.7 bp −$317	218.4 bp −$21.8K	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
Bybit PROVEUSDT	−0.9687%	4h	0.2393	+0.588%	$2.1M	$10.2M	25x	as long as short
Variational Omni PROVE	−0.8180%	4h	0.2390	+0.449%	$28K	$46K	—	as long as short
Binance PROVEUSDT	−0.7212%	4h	0.2383	+0.168%	$3.5M	$36.2M	75x	as long as short
MEXC PROVE_USDTshort	−0.7204%	4h	0.2383	+0.168%	$295K	$404K	20x
Hyperliquid PROVE	−0.7006%	1h	0.2382	+0.135%	$353K	$919K	3x	as long as short
OKX PROVE-USDT-SWAP	−0.6926%	4h	0.2383	+0.168%	$606K	$8.1M	20x	as long as short
Gate PROVE_USDT	−0.6748%	4h	0.2388	+0.378%	$215K	$1.0M	75x	as long as short
Aster PROVEUSDT	−0.6690%	4h	0.2390	+0.462%	$46K	$269K	5x	as long as short
GRVT PROVE_USDT_Perp	−0.6534%	4h	0.2383	+0.149%	$226K	$2.6M	10x	as long as short
Bitget PROVEUSDT	−0.6494%	4h	0.2383	+0.168%	$665K	$4.7M	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PROVEUSDTM	−0.6276%	4h	0.2386	+0.294%	$2.9M	$1.1M	50x	as long as short
BingX PROVE-USDT	−0.4536%	4h	0.2388	+0.378%	—	$2.5M	—	as long as short
ApeX Omni PROVEUSDTlong	−0.3393%	1h	0.2379	long leg	$52K	$333K	50x
Lighter PROVE	−0.2688%	1h	0.2389	+0.404%	$83K	$132K	3x	as long as short