Funding you earn now, next payment 06:00 UTC−0.1180%/8h= −129.2% APRnext payment −$1.48 per $10,000 · paid last 24h −0.095%
Price spread now: ApeX Omni against Hyperliquid+0.457%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$890.887% of the position
Funding, last 7 days−0.695%−$70 on $10k
+Price spread, last 4 days (all we have)−0.350%−$35 · spread now +0.457%, 7d avg +0.070%
=Together, before fees−1.045%+ Points / potential airdropHyperliquid: Season 2 · farm board−$105 on $10k · with fees, hour by hour
The price spread pays, funding is against you. ApeX Omni is 0.387% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.457% now, against its 7-day average of +0.070%): +$39 on $10k if it goes back. Holding the pair costs −$35 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.695% in total) that is about 3.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.695% in total (about -36.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.48 per $10,000. 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 | Hyperliquid PROVE | 0.2252 | −0.0522 | get 0.0065% / 1h | 39m 21s | $319K | $726K | 3x |
| Short | ApeX Omni PROVEUSDT | 0.2262 | −0.1703 | pay 0.0213% / 1h | 39m 21s | $15K | $313K | 50x |
Hyperliquid PROVE
ApeX Omni PROVEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Hyperliquid. 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
- −$247.82
- Price spread: +0.457% → +0.070%
- $38.73
- Slippage, 4 orders
- −$69.7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$297.78
- Costs to cover
- 0.887%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 41 min ago; ApeX Omni: live order book, 8 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 Hyperliquid live order book, 41 min ago | 1.75 bp | 26.5 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 8 min ago | 8.80 bp | 20.7 bp −$21 | 146.0 bp −$1,460 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster PROVEUSDT | −0.1912% | 4h | 0.2257 | +0.232% | $37K | $219K | 5x | as long as short |
| ApeX Omni PROVEUSDTshort | −0.1703% | 1h | 0.2262 | +0.457% | $15K | $313K | 50x | |
| OKX PROVE-USDT-SWAP | −0.1589% | 4h | 0.2250 | −0.075% | $630K | $6.5M | 20x | as long as short |
| Binance PROVEUSDT | −0.1559% | 4h | 0.2250 | −0.075% | $3.4M | $30.8M | 75x | as long as short |
| MEXC PROVE_USDT | −0.1556% | 4h | 0.2250 | −0.075% | $279K | $384K | 20x | as long as short |
| Bitget PROVEUSDT | −0.1508% | 4h | 0.2249 | −0.120% | $636K | $3.9M | 50x | as long as short |
| KuCoin PROVEUSDTM | −0.1124% | 4h | 0.2253 | +0.062% | $2.7M | $699K | 50x | as long as short |
| Gate PROVE_USDT | −0.1002% | 4h | 0.2252 | +0.013% | $185K | $647K | 75x | as long as short |
| GRVT PROVE_USDT_Perp | −0.0770% | 4h | 0.2261 | +0.413% | $212K | $3.1M | 10x | as long as short |
| Hyperliquid PROVElong | −0.0522% | 1h | 0.2252 | long leg | $319K | $726K | 3x |
Aster PROVEUSDT
OKX PROVE-USDT-SWAP
Binance PROVEUSDT
MEXC PROVE_USDT
Bitget PROVEUSDT
KuCoin PROVEUSDTM
Gate PROVE_USDT
GRVT PROVE_USDT_PerpShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PROVE-USDT | +0.0054% | 4h | 0.2251 | −0.031% | — | $2.5M | — | as long as short |
| Lighter PROVE | +0.0096% | 1h | 0.2256 | +0.191% | $78K | $129K | 3x | as long as short |
| Bybit PROVEUSDT | +0.0100% | 4h | 0.2255 | +0.147% | $2.1M | $9.1M | 25x | as long as short |
| Variational Omni PROVE | +0.0100% | 4h | 0.2265 | +0.574% | $27K | $44K | — | as long as short |
BingX PROVE-USDT
Lighter PROVE
Bybit PROVEUSDT
Variational Omni PROVE