Funding arb · Price arb /

PROVE

all PROVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0616%/8h= −67.4% APRpaid last 24h +0.115%

Price spread now: ApeX Omni against MEXC+0.131%51s7-day average +0.106% · you sell dearer than you buy

Net, funding: paid 7d − costs−$200as 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−$1411.407% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.591%−$59 on $10k

Price spread, last 4 days (all we have)+0.140%+$14 · spread now +0.131%, 7d avg +0.106%

Together, before fees−0.451%−$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.025% dearer against MEXC than usual: you sell high and buy low (spread +0.131% now, against its 7-day average of +0.106%): +$2 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.591% in total) that is about 7 hours. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PROVE_USDT	0.2295	−0.0458	get 0.0229% / 4h	3h 54m	$302K	$379K	20x
Short	ApeX Omni PROVEUSDT	0.2298	−0.1074	pay 0.0134% / 1h	54m 42s	$15K	$308K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now +0.131%Rate

Funding earned: −$129.29
Price spread: +0.131% → +0.106%: $2.49
Slippage, 4 orders: −$126.74
Fee MEXC: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$267.54
Costs to cover: 1.407%
Break-even: never at this rate

Slippage from MEXC: live order book, 26 min ago; ApeX Omni: live order book, 43 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 MEXC live order book, 26 min ago	2.19 bp	9.9 bp −$10	40.2 bp −$402	222.1 bp −$22.2K	doesn't fit
Sell ApeX Omni live order book, 43 min ago	13.23 bp	61.4 bp −$61	doesn't fit	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
ApeX Omni PROVEUSDTshort	−0.1074%	1h	0.2298	+0.131%	$15K	$308K	50x
GRVT PROVE_USDT_Perp	−0.0972%	4h	0.2296	+0.024%	$223K	$3.5M	10x	as long as short
Aster PROVEUSDT	−0.0965%	4h	0.2296	+0.027%	$38K	$208K	5x	as long as short
Bitget PROVEUSDT	−0.0836%	4h	0.2296	+0.044%	$631K	$3.5M	50x	as long as short
Gate PROVE_USDT	−0.0628%	4h	0.2298	+0.131%	$157K	$686K	75x	as long as short
Hyperliquid PROVE	−0.0621%	1h	0.2298	+0.109%	$322K	$683K	3x	as long as short
KuCoin PROVEUSDTM	−0.0504%	4h	0.2296	+0.044%	$2.8M	$683K	50x	as long as short
OKX PROVE-USDT-SWAP	−0.0479%	4h	0.2296	+0.044%	$640K	$6.4M	20x	as long as short
Binance PROVEUSDT	−0.0459%	4h	0.2295	−0.020%	$3.4M	$29.1M	75x	as long as short
MEXC PROVE_USDTlong	−0.0458%	4h	0.2295	long leg	$302K	$379K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PROVEUSDT	−0.0291%	4h	0.2302	+0.305%	$2.1M	$8.5M	25x	as long as short
Lighter PROVE	+0.0096%	1h	0.2296	+0.061%	$36K	$118K	3x	as long as short
BingX PROVE-USDT	+0.0100%	4h	0.2298	+0.131%	—	$2.4M	—	as long as short
Variational Omni PROVE	+0.0100%	4h	0.2300	+0.201%	$27K	$45K	—	as long as short