Funding arb · Price arb /

PROVE

all PROVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0374%/8h= −40.9% APRpaid last 24h +0.008%

Price spread now: OKX against ApeX Omni−0.866%70s7-day average −0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as 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−$1041.042% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.594%+$59 on $10k

Price spread, last 4 days (all we have)+0.794%+$79 · spread now −0.866%, 7d avg −0.087%

Together, before fees+1.388%+$139 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and OKX is 0.779% cheaper against ApeX Omni than usual: you would sell low and buy high (−$78 if the spread goes back to its 7-day average of −0.087%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.594%, so the current rate has only just turned against you. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PROVEUSDT	0.2300	−0.2082	get 0.0260% / 1h	56m 14s	$49K	$335K	50x
Short	OKX PROVE-USDT-SWAP	0.2280	−0.2456	pay 0.1228% / 4h	3h 56m	$628K	$8.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.866%Rate

Funding earned: −$78.53
Price spread: −0.866% → −0.087%: −$77.92
Slippage, 4 orders: −$84.22
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$260.68
Costs to cover: 1.042%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 61 min ago; OKX: live order book, 2 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, 61 min ago	10.70 bp	23.3 bp −$23	160.5 bp −$1,605	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	2.20 bp	29.5 bp −$30	98.6 bp −$986	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
GRVT PROVE_USDT_Perp	−0.3282%	4h	0.2288	−0.518%	$221K	$2.9M	10x	as long as short
Gate PROVE_USDT	−0.2946%	4h	0.2279	−0.910%	$195K	$637K	75x	as long as short
Aster PROVEUSDT	−0.2521%	4h	0.2283	−0.736%	$45K	$278K	5x	as long as short
Binance PROVEUSDT	−0.2456%	4h	0.2282	−0.778%	$3.4M	$38.0M	75x	as long as short
MEXC PROVE_USDT	−0.2456%	4h	0.2277	−0.997%	$295K	$416K	20x	as long as short
OKX PROVE-USDT-SWAPshort	−0.2456%	4h	0.2280	−0.866%	$628K	$8.3M	20x
Bitget PROVEUSDT	−0.2452%	4h	0.2284	−0.692%	$657K	$5.2M	50x	as long as short
KuCoin PROVEUSDTM	−0.2138%	4h	0.2281	−0.840%	$2.8M	$1.1M	50x	as long as short
ApeX Omni PROVEUSDTlong	−0.2082%	1h	0.2300	long leg	$49K	$335K	50x
Variational Omni PROVE	−0.1148%	4h	0.2318	+0.790%	$28K	$47K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PROVE	−0.1131%	1h	0.2278	−0.940%	$335K	$958K	3x	as long as short
Lighter PROVE	+0.0096%	1h	0.2291	−0.383%	$80K	$131K	3x	as long as short
Bybit PROVEUSDT	+0.0100%	4h	0.2290	−0.431%	$2.1M	$11.5M	25x	as long as short
BingX PROVE-USDT	+0.0100%	4h	0.2282	−0.779%	—	$2.5M	—	as long as short