Funding arb · Price arb /

PROVE

all PROVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.2022%/8h= −221.4% APRpaid last 24h −0.021%

Price spread now: ApeX Omni against GRVT−0.082%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$204as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1291.290% of the position

Long on GRVT Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.752%−$75 on $10k

Price spread, last 3 days (all we have)+0.116%+$12 · spread now −0.082%, 7d avg −0.015%

Together, before fees−0.635%+ Points / potential airdropGRVT: Active · farm board−$64 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$61 a day on $10k at the current rate, and ApeX Omni is 0.067% cheaper against GRVT than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.015%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.752% in total (about -39.2% 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	GRVT PROVE_USDT_Perp	0.2372	−0.3032	get 0.1516% / 4h	3h 13m	$220K	$2.6M	10x
Short	ApeX Omni PROVEUSDT	0.2370	−0.5054	pay 0.0632% / 1h	13m 14s	$50K	$334K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against GRVT. 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 GRVTbpFee ApeX OmnibpOrdersPrice spread, now −0.082%Rate

Funding earned: −$424.65
Price spread: −0.082% → −0.015%: −$6.7
Slippage, 4 orders: −$109.99
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$560.34
Costs to cover: 1.290%
Break-even: never at this rate

Slippage from GRVT: live order book, 5 min ago; ApeX Omni: live order book, 59 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 GRVT live order book, 5 min ago	4.23 bp	32.4 bp −$32	126.4 bp −$1,264	52827.4 bp −$5.28M	doesn't fit
Sell ApeX Omni live order book, 59 min ago	12.62 bp	23.2 bp −$23	173.2 bp −$1,732	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	−0.7086%	4h	0.2375	+0.132%	$29K	$47K	—	as long as short
Binance PROVEUSDT	−0.6388%	4h	0.2371	−0.039%	$3.4M	$36.8M	75x	as long as short
MEXC PROVE_USDT	−0.6388%	4h	0.2372	0.000%	$295K	$409K	20x	as long as short
OKX PROVE-USDT-SWAP	−0.6190%	4h	0.2372	0.000%	$616K	$8.3M	20x	as long as short
Aster PROVEUSDT	−0.6126%	4h	0.2373	+0.040%	$48K	$271K	5x	as long as short
Bitget PROVEUSDT	−0.5882%	4h	0.2369	−0.126%	$758K	$4.8M	50x	as long as short
KuCoin PROVEUSDTM	−0.5720%	4h	0.2371	−0.021%	$2.9M	$1.1M	50x	as long as short
ApeX Omni PROVEUSDTshort	−0.5054%	1h	0.2370	−0.082%	$50K	$334K	50x
Bybit PROVEUSDT	−0.4911%	4h	0.2378	+0.253%	$2.2M	$10.8M	25x	as long as short
Hyperliquid PROVE	−0.3624%	1h	0.2374	+0.079%	$352K	$929K	3x	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	−0.3612%	4h	0.2373	+0.042%	—	$2.5M	—	as long as short
Gate PROVE_USDT	−0.3434%	4h	0.2373	+0.042%	$206K	$1.0M	75x	as long as short
GRVT PROVE_USDT_Perplong	−0.3032%	4h	0.2372	long leg	$220K	$2.6M	10x
Lighter PROVE	−0.0192%	1h	0.2378	+0.249%	$84K	$132K	3x	as long as short