Funding arb · Price arb /

PROVE

all PROVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.3524%/8h= +385.9% APRpaid last 24h +0.182%

Price spread now: Hyperliquid against Aster−0.026%7-day average −0.056% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.116%+$12 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now −0.026%, 7d avg −0.056%

Together, before fees+0.058%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$106 a day on $10k at the current rate, and Hyperliquid is 0.031% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.056%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.116% in total (about 6.0% 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	Aster PROVEUSDT	0.2350	−0.5688	get 0.2844% / 4h	2h 52m	$47K	$270K	5x
Short	Hyperliquid PROVE	0.2349	−0.2164	pay 0.0270% / 1h	52m 18s	$345K	$936K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. 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 AsterbpFee HyperliquidbpOrdersPrice spread, now −0.026%Rate

Funding earned: $740.09
Price spread: −0.026% → −0.056%: $3.09
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $726.18
Costs to cover: 0.170%
Break-even: 0.1 days

Slippage unknown: Aster: live order book, 15 min ago; Hyperliquid: live order book, 68 min ago. Net counts fees only.

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 Aster live order book, 15 min ago	8.46 bp	27.8 bp −$28	315.1 bp −$3,151	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 68 min ago	4.20 bp	doesn't fit	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
Variational Omni PROVE	−0.6387%	4h	0.2345	−0.228%	$28K	$47K	—	as long as short
MEXC PROVE_USDT	−0.5792%	4h	0.2348	−0.085%	$296K	$407K	20x	as long as short
Binance PROVEUSDT	−0.5747%	4h	0.2348	−0.096%	$3.4M	$37.0M	75x	as long as short
OKX PROVE-USDT-SWAP	−0.5727%	4h	0.2347	−0.128%	$605K	$8.2M	20x	as long as short
Aster PROVEUSDTlong	−0.5688%	4h	0.2350	long leg	$47K	$270K	5x
Bitget PROVEUSDT	−0.5492%	4h	0.2345	−0.213%	$748K	$4.9M	50x	as long as short
KuCoin PROVEUSDTM	−0.5360%	4h	0.2350	−0.017%	$2.8M	$1.1M	50x	as long as short
Bybit PROVEUSDT	−0.4794%	4h	0.2352	+0.085%	$2.2M	$10.9M	25x	as long as short
Gate PROVE_USDT	−0.3226%	4h	0.2353	+0.128%	$204K	$1.0M	75x	as long as short
ApeX Omni PROVEUSDT	−0.3205%	1h	0.2349	−0.043%	$50K	$334K	50x	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	−0.3172%	4h	0.2348	−0.085%	—	$2.5M	—	as long as short
GRVT PROVE_USDT_Perp	−0.2784%	4h	0.2336	−0.594%	$223K	$2.6M	10x	as long as short
Hyperliquid PROVEshort	−0.2164%	1h	0.2349	−0.026%	$345K	$936K	3x
Lighter PROVE	+0.0080%	1h	0.2356	+0.238%	$83K	$132K	3x	as long as short