Funding arb · Price arb /

PROVE

all PROVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.3524%/8h= −385.9% APRpaid last 24h −0.182%

Price spread now: Aster against Hyperliquid+0.026%7-day average +0.056% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.116%−$12 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now +0.026%, 7d avg +0.056%

Together, before fees−0.058%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$106 a day on $10k at the current rate, and Aster is 0.031% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.056%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.116% in total (about -6.0% 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	Hyperliquid PROVE	0.2349	−0.2164	get 0.0270% / 1h	52m 28s	$345K	$936K	3x
Short	Aster PROVEUSDT	0.2350	−0.5688	pay 0.2844% / 4h	2h 52m	$47K	$270K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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 HyperliquidbpFee AsterbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$740.09
Price spread: +0.026% → +0.056%: −$3.09
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$760.18
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 68 min ago; Aster: live order book, 14 min ago. Net counts fees only.

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, 68 min ago	4.20 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 14 min ago	8.46 bp	27.1 bp −$27	297.9 bp −$2,979	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	−0.6387%	4h	0.2345	−0.203%	$28K	$47K	—	as long as short
MEXC PROVE_USDT	−0.5792%	4h	0.2349	−0.017%	$296K	$407K	20x	as long as short
OKX PROVE-USDT-SWAP	−0.5765%	4h	0.2348	−0.060%	$605K	$8.2M	20x	as long as short
Binance PROVEUSDT	−0.5747%	4h	0.2349	−0.017%	$3.4M	$37.0M	75x	as long as short
Aster PROVEUSDTshort	−0.5688%	4h	0.2350	+0.026%	$47K	$270K	5x
Bitget PROVEUSDT	−0.5492%	4h	0.2346	−0.145%	$749K	$4.9M	50x	as long as short
KuCoin PROVEUSDTM	−0.5360%	4h	0.2350	+0.009%	$2.8M	$1.1M	50x	as long as short
Bybit PROVEUSDT	−0.4794%	4h	0.2354	+0.196%	$2.2M	$10.9M	25x	as long as short
Gate PROVE_USDT	−0.3226%	4h	0.2353	+0.153%	$204K	$1.0M	75x	as long as short
ApeX Omni PROVEUSDT	−0.3205%	1h	0.2349	−0.017%	$50K	$334K	50x	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	−0.3172%	4h	0.2348	−0.060%	—	$2.5M	—	as long as short
GRVT PROVE_USDT_Perp	−0.2784%	4h	0.2336	−0.569%	$223K	$2.6M	10x	as long as short
Hyperliquid PROVElong	−0.2164%	1h	0.2349	long leg	$345K	$936K	3x
Lighter PROVE	+0.0080%	1h	0.2356	+0.264%	$83K	$132K	3x	as long as short