Funding arb · Price arb /

PROVE

all PROVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1205%/8h= +132.0% APRpaid last 24h +0.103%

Price spread now: ApeX Omni against Gate+1.383%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$169as in the Funding arb table

Net, price: spread back to 7d avg − costs+$22as in the Price arb table

costs, in and out, $10k−$1161.164% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.522%−$52 on $10k

Price spread, last 4 days (all we have)−1.305%−$130 · spread now +1.383%, 7d avg −0.004%

Together, before fees−1.827%−$183 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$36 a day on $10k at the current rate, and ApeX Omni is 1.387% dearer against Gate than usual: you sell high and buy low: +$139 more if the spread goes back to its 7-day average of −0.004%. Mind the row above: over the last 7 days funding on this pair cost −0.522%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.522% in total (about -27.2% 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	Gate PROVE_USDT	0.2403	−0.3834	get 0.1917% / 4h	2h 31m	$213K	$1.1M	75x
Short	ApeX Omni PROVEUSDT	0.2436	−0.2629	pay 0.0329% / 1h	31m 00s	$51K	$334K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now +1.383%Rate

Funding earned: $253.14
Price spread: +1.383% → −0.004%: $138.66
Slippage, 4 orders: −$91.37
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $275.43
Costs to cover: 1.164%
Break-even: from the start

Slippage from Gate: live order book, 1 min ago; ApeX Omni: live order book, 36 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 Gate live order book, 1 min ago	8.29 bp	43.0 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 36 min ago	8.45 bp	17.4 bp −$17	120.7 bp −$1,207	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
Bybit PROVEUSDT	−0.7099%	4h	0.2403	0.000%	$2.1M	$11.2M	25x	as long as short
Variational Omni PROVE	−0.6368%	4h	0.2421	+0.733%	$30K	$47K	—	as long as short
OKX PROVE-USDT-SWAP	−0.5769%	4h	0.2394	−0.375%	$597K	$8.6M	20x	as long as short
Bitget PROVEUSDT	−0.5432%	4h	0.2395	−0.333%	$736K	$5.1M	50x	as long as short
Aster PROVEUSDT	−0.5362%	4h	0.2405	+0.083%	$46K	$274K	5x	as long as short
Binance PROVEUSDT	−0.5342%	4h	0.2398	−0.208%	$3.5M	$37.6M	75x	as long as short
MEXC PROVE_USDT	−0.5310%	4h	0.2398	−0.208%	$275K	$415K	20x	as long as short
KuCoin PROVEUSDTM	−0.5306%	4h	0.2415	+0.491%	$2.9M	$1.1M	50x	as long as short
Gate PROVE_USDTlong	−0.3834%	4h	0.2403	long leg	$213K	$1.1M	75x
BingX PROVE-USDT	−0.3684%	4h	0.2398	−0.208%	—	$2.5M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PROVE	−0.3591%	1h	0.2404	+0.060%	$351K	$950K	3x	as long as short
GRVT PROVE_USDT_Perp	−0.3118%	4h	0.2403	+0.004%	$223K	$2.6M	10x	as long as short
ApeX Omni PROVEUSDTshort	−0.2629%	1h	0.2436	+1.383%	$51K	$334K	50x
Lighter PROVE	−0.0936%	1h	0.2406	+0.104%	$85K	$137K	3x	as long as short