Funding you earn now, next payment 05:00 UTC−0.2178%/8h= −238.5% APRnext payment −$2.72 per $10,000 · paid last 24h −0.460%
Price spread now: ApeX Omni against Lighter+0.900%48s7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$224as 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−$1271.273% of the position
Funding, last 7 days−0.964%−$96 on $10k
+Price spread, last 4 days (all we have)−0.777%−$78 · spread now +0.900%, 7d avg −0.015%
=Together, before fees−1.740%+ Points / potential airdropLighter: Season 3 · farm board−$174 on $10k · with fees, hour by hour
The price spread pays, funding is against you. ApeX Omni is 0.915% dearer against Lighter than usual: you sell high and buy low (spread +0.900% now, against its 7-day average of −0.015%): +$92 on $10k if it goes back. Holding the pair costs −$65 a day in funding at the current rate, which eats that in about 34 hours. At the pace of the last 7 days (−0.964% in total) that is about 6.6 days. The two prices were read 48 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 -0.964% in total (about -50.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.72 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 | Lighter PROVE | 0.2279 | 0.0096 | pay 0.0012% / 1h | 56m 40s | $79K | $131K | 3x |
| Short | ApeX Omni PROVEUSDT | 0.2300 | −0.2082 | pay 0.0260% / 1h | 56m 40s | $49K | $335K | 50x |
Lighter PROVE
ApeX Omni PROVEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Lighter. 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
- −$457.36
- Price spread: +0.900% → −0.015%
- $91.53
- Slippage, 4 orders
- −$117.31
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$493.15
- Costs to cover
- 1.273%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 43 min ago; ApeX Omni: live order book, 61 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 Lighter live order book, 43 min ago | 30.16 bp | 45.5 bp −$46 | 228.1 bp −$2,281 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 61 min ago | 10.70 bp | 19.2 bp −$19 | 115.5 bp −$1,155 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT PROVE_USDT_Perp | −0.3282% | 4h | 0.2288 | +0.377% | $221K | $2.9M | 10x | as long as short |
| Gate PROVE_USDT | −0.2946% | 4h | 0.2276 | −0.149% | $195K | $637K | 75x | as long as short |
| Aster PROVEUSDT | −0.2521% | 4h | 0.2272 | −0.331% | $45K | $276K | 5x | as long as short |
| OKX PROVE-USDT-SWAP | −0.2477% | 4h | 0.2270 | −0.412% | $625K | $8.2M | 20x | as long as short |
| Binance PROVEUSDT | −0.2456% | 4h | 0.2272 | −0.322% | $3.4M | $38.0M | 75x | as long as short |
| MEXC PROVE_USDT | −0.2456% | 4h | 0.2272 | −0.325% | $294K | $416K | 20x | as long as short |
| Bitget PROVEUSDT | −0.2452% | 4h | 0.2274 | −0.237% | $652K | $5.2M | 50x | as long as short |
| KuCoin PROVEUSDTM | −0.2138% | 4h | 0.2276 | −0.158% | $2.8M | $1.1M | 50x | as long as short |
| ApeX Omni PROVEUSDTshort | −0.2082% | 1h | 0.2300 | +0.900% | $49K | $335K | 50x | |
| Hyperliquid PROVE | −0.1207% | 1h | 0.2272 | −0.333% | $334K | $957K | 3x | as long as short |
GRVT PROVE_USDT_Perp
Gate PROVE_USDT
Aster PROVEUSDT
OKX PROVE-USDT-SWAP
Binance PROVEUSDT
MEXC PROVE_USDT
Bitget PROVEUSDT
KuCoin PROVEUSDTM
Hyperliquid PROVEShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PROVE | −0.1148% | 4h | 0.2318 | +1.698% | $28K | $47K | — | as long as short |
| Bybit PROVEUSDT | −0.0203% | 4h | 0.2279 | −0.018% | $2.1M | $11.5M | 25x | as long as short |
| Lighter PROVElong | +0.0096% | 1h | 0.2279 | long leg | $79K | $131K | 3x | |
| BingX PROVE-USDT | +0.0100% | 4h | 0.2276 | −0.149% | — | $2.5M | — | as long as short |
Variational Omni PROVE
Bybit PROVEUSDT
BingX PROVE-USDT