Funding you earn now, next payment 02:00 UTC+0.2592%/8h= +283.8% APRpaid last 24h −0.001%
Price spread now: ApeX Omni against KuCoin+1.598%112s7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$215as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1821.825% of the position
Funding, last 7 days−0.326%−$33 on $10k
+Price spread, last 4 days (all we have)−1.274%−$127 · spread now +1.598%, 7d avg +0.034%
=Both sides work for this trade now. Funding pays +$78 a day on $10k at the current rate, and ApeX Omni is 1.564% dearer against KuCoin than usual: you sell high and buy low: +$156 more if the spread goes back to its 7-day average of +0.034%. Mind the row above: over the last 7 days funding on this pair cost −0.326%, so the current rate has only just turned in your favour. The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.326% in total (about -17.0% 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 | KuCoin PROVEUSDTM | 0.2349 | −0.5296 | get 0.2648% / 4h | 2h 21m | $2.8M | $1.2M | 50x |
| Short | ApeX Omni PROVEUSDT | 0.2386 | −0.2704 | pay 0.0338% / 1h | 21m 45s | $50K | $333K | 50x |
KuCoin PROVEUSDTM
ApeX Omni PROVEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against KuCoin. 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
- $544.25
- Price spread: +1.598% → +0.034%
- $156.44
- Slippage, 4 orders
- −$160.48
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $518.21
- Costs to cover
- 1.825%
- Break-even
- 0.3 days
Slippage from KuCoin: live order book, 10 min ago; ApeX Omni: live order book, 46 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 KuCoin live order book, 10 min ago | 13.23 bp | 75.9 bp −$76 | 445.3 bp −$4,453 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 46 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 | −0.7643% | 4h | 0.2357 | +0.353% | $2.1M | $11.3M | 25x | as long as short |
| Variational Omni PROVE | −0.6510% | 4h | 0.2379 | +1.273% | $29K | $47K | — | as long as short |
| OKX PROVE-USDT-SWAP | −0.5784% | 4h | 0.2350 | +0.055% | $616K | $8.5M | 20x | as long as short |
| Aster PROVEUSDT | −0.5524% | 4h | 0.2348 | −0.045% | $46K | $274K | 5x | as long as short |
| Bitget PROVEUSDT | −0.5462% | 4h | 0.2347 | −0.072% | $720K | $5.1M | 50x | as long as short |
| Binance PROVEUSDT | −0.5402% | 4h | 0.2345 | −0.158% | $3.4M | $37.8M | 75x | as long as short |
| MEXC PROVE_USDT | −0.5396% | 4h | 0.2347 | −0.072% | $273K | $416K | 20x | as long as short |
| KuCoin PROVEUSDTMlong | −0.5296% | 4h | 0.2349 | long leg | $2.8M | $1.2M | 50x | |
| Gate PROVE_USDT | −0.4394% | 4h | 0.2348 | −0.030% | $204K | $1.1M | 75x | as long as short |
| Hyperliquid PROVE | −0.3977% | 1h | 0.2351 | +0.102% | $347K | $952K | 3x | as long as short |
Bybit PROVEUSDT
Variational Omni PROVE
OKX PROVE-USDT-SWAP
Aster PROVEUSDT
Bitget PROVEUSDT
Binance PROVEUSDT
MEXC PROVE_USDT
Gate PROVE_USDT
Hyperliquid PROVEShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PROVE-USDT | −0.3778% | 4h | 0.2347 | −0.072% | — | $2.5M | — | as long as short |
| GRVT PROVE_USDT_Perp | −0.3716% | 4h | 0.2368 | +0.826% | $221K | $2.6M | 10x | as long as short |
| ApeX Omni PROVEUSDTshort | −0.2704% | 1h | 0.2386 | +1.598% | $50K | $333K | 50x | |
| Lighter PROVE | −0.1376% | 1h | 0.2354 | +0.213% | $83K | $140K | 3x | as long as short |
BingX PROVE-USDT
GRVT PROVE_USDT_Perp
Lighter PROVE