Funding you earn now, next payment 05:00 UTC−0.2136%/8h= −233.9% APRpaid last 24h −0.165%
Price spread now: ApeX Omni against BingX−0.175%68s7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$182as 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−$940.938% of the position
Funding, last 7 days−0.877%−$88 on $10k
+Price spread, last 4 days (all we have)+0.217%+$22 · spread now −0.175%, 7d avg +0.026%
=Both sides work against this trade now: funding costs −$64 a day on $10k at the current rate, and ApeX Omni is 0.201% cheaper against BingX than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.026%). Swap the legs. The two prices were read 68 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 -0.877% in total (about -45.7% 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 | BingX PROVE-USDT | 0.2288 | −0.0134 | get 0.0067% / 4h | 3h 12m | — | $2.5M | — |
| Short | ApeX Omni PROVEUSDT | 0.2284 | −0.2270 | pay 0.0284% / 1h | 12m 27s | $21K | $338K | 50x |
BingX PROVE-USDT
ApeX Omni PROVEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against BingX. 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
- −$448.58
- Price spread: −0.175% → +0.026%
- −$20.13
- Slippage, 4 orders
- −$73.85
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$562.55
- Costs to cover
- 0.938%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; ApeX Omni: live order book, 40 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 BingX live order book, 6 min ago | 6.57 bp | 24.3 bp −$24 | 85.9 bp −$859 | 846.4 bp −$84.6K | 1321.2 bp −$660.6K |
| Sell ApeX Omni live order book, 40 min ago | 10.92 bp | 19.3 bp −$19 | 145.3 bp −$1,453 | 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 PROVEUSDTshort | −0.2270% | 1h | 0.2284 | −0.175% | $21K | $338K | 50x | |
| Aster PROVEUSDT | −0.2116% | 4h | 0.2283 | −0.225% | $37K | $265K | 5x | as long as short |
| OKX PROVE-USDT-SWAP | −0.1969% | 4h | 0.2285 | −0.131% | $638K | $7.2M | 20x | as long as short |
| Binance PROVEUSDT | −0.1904% | 4h | 0.2286 | −0.087% | $3.5M | $32.5M | 75x | as long as short |
| MEXC PROVE_USDT | −0.1904% | 4h | 0.2285 | −0.131% | $291K | $419K | 20x | as long as short |
| Bitget PROVEUSDT | −0.1866% | 4h | 0.2285 | −0.131% | $655K | $4.1M | 50x | as long as short |
| KuCoin PROVEUSDTM | −0.1516% | 4h | 0.2286 | −0.079% | $2.8M | $746K | 50x | as long as short |
| GRVT PROVE_USDT_Perp | −0.0980% | 4h | 0.2283 | −0.216% | $213K | $3.0M | 10x | as long as short |
| Gate PROVE_USDT | −0.0882% | 4h | 0.2286 | −0.087% | $203K | $645K | 75x | as long as short |
| Hyperliquid PROVE | −0.0752% | 1h | 0.2286 | −0.105% | $327K | $759K | 3x | as long as short |
Aster PROVEUSDT
OKX PROVE-USDT-SWAP
Binance PROVEUSDT
MEXC PROVE_USDT
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 | −0.0305% | 4h | 0.2292 | +0.175% | $2.1M | $9.8M | 25x | as long as short |
| BingX PROVE-USDTlong | −0.0134% | 4h | 0.2288 | long leg | — | $2.5M | — | |
| Variational Omni PROVE | −0.0086% | 4h | 0.2286 | −0.083% | $28K | $46K | — | as long as short |
| Lighter PROVE | +0.0096% | 1h | 0.2290 | +0.101% | $80K | $131K | 3x | as long as short |
Bybit PROVEUSDT
Variational Omni PROVE
Lighter PROVE