Funding arb · Price arb /

PROVE

all PROVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0658%/8h= −72.0% APRpaid last 24h +0.104%

Price spread now: ApeX Omni against Binance+0.300%49s7-day average +0.111% · you sell dearer than you buy

Net, funding: paid 7d − costs−$148as 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−$880.883% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.595%−$60 on $10k

Price spread, last 4 days (all we have)−0.205%−$21 · spread now +0.300%, 7d avg +0.111%

Together, before fees−0.801%−$80 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.189% dearer against Binance than usual: you sell high and buy low (spread +0.300% now, against its 7-day average of +0.111%): +$19 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.595% in total) that is about 2.2 days. The two prices were read 49 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	Binance PROVEUSDT	0.2316	−0.0827	get 0.0414% / 4h	1h 58m	$3.5M	$28.7M	75x
Short	ApeX Omni PROVEUSDT	0.2323	−0.1485	pay 0.0186% / 1h	58m 45s	$33K	$315K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BinancebpFee ApeX OmnibpOrdersPrice spread, now +0.300%Rate

Funding earned: −$138.16
Price spread: +0.300% → +0.111%: $18.91
Slippage, 4 orders: −$68.34
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$207.59
Costs to cover: 0.883%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; ApeX Omni: live order book, 51 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 Binance live order book, 6 min ago	2.16 bp	27.8 bp −$28	112.0 bp −$1,120	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 51 min ago	8.65 bp	19.8 bp −$20	130.5 bp −$1,305	doesn't fit	doesn't fit

PROVE on 14 exchanges

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 PROVEUSDTshort	−0.1485%	1h	0.2323	+0.300%	$33K	$315K	50x
Gate PROVE_USDT	−0.1426%	4h	0.2315	−0.043%	$150K	$689K	75x	as long as short
KuCoin PROVEUSDTM	−0.1358%	4h	0.2316	+0.013%	$2.8M	$741K	50x	as long as short
Bitget PROVEUSDT	−0.1324%	4h	0.2316	0.000%	$626K	$3.4M	50x	as long as short
Aster PROVEUSDT	−0.1165%	4h	0.2317	+0.045%	$38K	$179K	5x	as long as short
Binance PROVEUSDTlong	−0.0827%	4h	0.2316	long leg	$3.5M	$28.7M	75x
MEXC PROVE_USDT	−0.0826%	4h	0.2317	+0.043%	$316K	$371K	20x	as long as short
OKX PROVE-USDT-SWAP	−0.0798%	4h	0.2317	+0.043%	$666K	$6.4M	20x	as long as short
Hyperliquid PROVE	−0.0453%	1h	0.2319	+0.134%	$318K	$667K	3x	as long as short
GRVT PROVE_USDT_Perp	−0.0438%	4h	0.2320	+0.174%	$219K	$3.8M	10x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PROVEUSDT	−0.0284%	4h	0.2322	+0.259%	$2.1M	$8.6M	25x	as long as short
BingX PROVE-USDT	−0.0182%	4h	0.2320	+0.173%	—	$2.4M	—	as long as short
Lighter PROVE	+0.0096%	1h	0.2319	+0.142%	$36K	$118K	3x	as long as short
Variational Omni PROVE	+0.0100%	4h	0.2321	+0.214%	$21K	$51K	—	as long as short