Settings8H · net · $10k
Funding arb · Price arb /

PROVE

all PROVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0186%/8h= −20.3% APRnext payment $0.93 per $10,000 · paid last 24h −0.078%
Price spread now: Aster against Bitget0.000%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1131.127% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.021%+$2 on $10k
Price spread, last 4 days (all we have)+0.829%+$83 · spread now 0.000%, 7d avg +0.028%
Together, before fees+0.851%+ Points / potential airdropAster: Stage 5 · farm board+$85 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Aster is 0.028% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.028%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.021% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about $0.93 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PROVEUSDT0.2340−0.3916get 0.1958% / 4h57m 04s$715K$5.1M50x
ShortAster PROVEUSDT0.2340−0.4102pay 0.2051% / 4h57m 04s$46K$275K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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

Funding earned
−$39.01
Price spread: 0.000% → +0.028%
−$2.81
Slippage, 4 orders
−$92.72
Fee Bitget: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$154.54
Costs to cover
1.127%
Break-even
never at this rate
Slippage from Bitget: live order book, 1 min ago; Aster: live order book, 65 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 1 min ago4.28 bp25.9 bp −$2682.5 bp −$825doesn't fitdoesn't fit
Sell Aster live order book, 65 min ago8.45 bp28.5 bp −$29234.9 bp −$2,349doesn't fitdoesn't fit

PROVE on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit PROVEUSDT−0.4315%4h0.2344+0.171%$2.2M$11.5M25xas long as short
OKX PROVE-USDT-SWAP−0.4187%4h0.2337−0.128%$614K$8.5M20xas long as short
ApeX Omni PROVEUSDT−0.4106%1h0.2341+0.043%$49K$334K50xas long as short
Aster PROVEUSDTshort−0.4102%4h0.23400.000%$46K$275K5x
Bitget PROVEUSDTlong−0.3916%4h0.2340long leg$715K$5.1M50x
Binance PROVEUSDT−0.3894%4h0.2337−0.128%$3.5M$37.9M75xas long as short
MEXC PROVE_USDT−0.3892%4h0.2335−0.214%$279K$415K20xas long as short
KuCoin PROVEUSDTM−0.3676%4h0.2336−0.158%$2.8M$1.2M50xas long as short
Variational Omni PROVE−0.3436%4h0.2346+0.236%$28K$47Kas long as short
Gate PROVE_USDT−0.3304%4h0.2339−0.043%$202K$1.1M75xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT PROVE_USDT_Perp−0.3210%4h0.2338−0.096%$228K$2.7M10xas long as short
BingX PROVE-USDT−0.2750%4h0.2337−0.128%$2.5Mas long as short
Hyperliquid PROVE−0.1131%1h0.2337−0.128%$338K$951K3xas long as short
Lighter PROVE+0.0096%1h0.2342+0.094%$82K$140K3xas long as short