Funding arb · Price arb /

PROVE

all PROVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1989%/8h= −217.8% APRpaid last 24h +0.144%

Price spread now: ApeX Omni against Variational Omni−0.244%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$60 a day on $10k at the current rate, and ApeX Omni is 0.244% cheaper against Variational Omni than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PROVE	0.2293	−0.0402	get 0.0201% / 4h	3h 31m	$28K	$47K	—
Short	ApeX Omni PROVEUSDT	0.2287	−0.2391	pay 0.0299% / 1h	31m 14s	$21K	$356K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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 Variational OmnibpFee ApeX OmnibpOrdersPrice spread, now −0.244%Rate

Funding earned: −$417.65
Price spread: −0.244% → 0.000%: −$24.42
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$452.07
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; ApeX Omni: live order book, 21 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 Variational Omni no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 21 min ago	10.92 bp	19.3 bp −$19	145.3 bp −$1,453	doesn't fit	doesn't fit

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.2391%	1h	0.2287	−0.244%	$21K	$356K	50x
Aster PROVEUSDT	−0.2229%	4h	0.2294	+0.061%	$37K	$292K	5x	as long as short
OKX PROVE-USDT-SWAP	−0.2115%	4h	0.2286	−0.288%	$639K	$8.3M	20x	as long as short
MEXC PROVE_USDT	−0.2104%	4h	0.2285	−0.331%	$291K	$418K	20x	as long as short
Bitget PROVEUSDT	−0.2092%	4h	0.2286	−0.288%	$656K	$5.2M	50x	as long as short
Binance PROVEUSDT	−0.2088%	4h	0.2285	−0.329%	$3.5M	$37.7M	75x	as long as short
KuCoin PROVEUSDTM	−0.1834%	4h	0.2288	−0.201%	$2.7M	$1.1M	50x	as long as short
GRVT PROVE_USDT_Perp	−0.0790%	4h	0.2286	−0.288%	$221K	$3.0M	10x	as long as short
Hyperliquid PROVE	−0.0671%	1h	0.2286	−0.270%	$332K	$961K	3x	as long as short
Gate PROVE_USDT	−0.0660%	4h	0.2288	−0.201%	$203K	$644K	75x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PROVElong	−0.0402%	4h	0.2293	long leg	$28K	$47K	—
BingX PROVE-USDT	−0.0092%	4h	0.2289	−0.157%	—	$2.5M	—	as long as short
Bybit PROVEUSDT	+0.0035%	4h	0.2291	−0.070%	$2.1M	$11.5M	25x	as long as short
Lighter PROVE	+0.0096%	1h	0.2293	+0.031%	$80K	$131K	3x	as long as short