PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1403%/8h= +153.6% APRnext payment +$7.02 per $10,000 · paid last 24h −0.277%

Price spread now: Bybit against Binance+0.254%7-day average +0.164% · you sell dearer than you buy

Net, funding: paid 7d − costs−$159as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$990.987% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.606%−$61 on $10k

Price spread, last 7 days−0.112%−$11 · spread now +0.254%, 7d avg +0.164%

Together, before fees−0.717%−$72 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$42 a day on $10k at the current rate, and Bybit is 0.090% dearer against Binance than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.164%. Mind the row above: over the last 7 days funding on this pair cost −0.606%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.606% in total (about -31.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.02 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	Binance PROVEUSDT	0.2360	−0.6563	get 0.3282% / 4h	3h 19m	$3.4M	$36.8M	75x
Short	Bybit PROVEUSDT	0.2366	−0.5160	pay 0.2580% / 4h	3h 19m	$2.2M	$10.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now +0.254%Rate

Funding earned: $294.65
Price spread: +0.254% → +0.164%: $9.01
Slippage, 4 orders: −$77.72
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $204.94
Costs to cover: 0.987%
Break-even: 2.1 days

Slippage from Binance: live order book, 7 min ago; Bybit: live order book, 4 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 Binance live order book, 7 min ago	4.24 bp	24.3 bp −$24	110.6 bp −$1,106	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	4.22 bp	24.4 bp −$24	121.7 bp −$1,217	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	−0.7258%	4h	0.2361	+0.026%	$29K	$47K	—	as long as short
MEXC PROVE_USDT	−0.6598%	4h	0.2362	+0.085%	$294K	$409K	20x	as long as short
Binance PROVEUSDTlong	−0.6563%	4h	0.2360	long leg	$3.4M	$36.8M	75x
OKX PROVE-USDT-SWAP	−0.6355%	4h	0.2361	+0.042%	$614K	$8.3M	20x	as long as short
Aster PROVEUSDT	−0.6276%	4h	0.2365	+0.212%	$48K	$271K	5x	as long as short
Bitget PROVEUSDT	−0.5998%	4h	0.2359	−0.042%	$755K	$4.9M	50x	as long as short
KuCoin PROVEUSDTM	−0.5832%	4h	0.2360	−0.004%	$2.8M	$1.1M	50x	as long as short
ApeX Omni PROVEUSDT	−0.5243%	1h	0.2356	−0.169%	$50K	$334K	50x	as long as short
Bybit PROVEUSDTshort	−0.5160%	4h	0.2366	+0.254%	$2.2M	$10.7M	25x
Hyperliquid PROVE	−0.3825%	1h	0.2364	+0.161%	$351K	$927K	3x	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	−0.3742%	4h	0.2361	+0.042%	—	$2.5M	—	as long as short
Gate PROVE_USDT	−0.3702%	4h	0.2362	+0.085%	$205K	$1.0M	75x	as long as short
GRVT PROVE_USDT_Perp	−0.3180%	4h	0.2358	−0.085%	$226K	$2.6M	10x	as long as short
Lighter PROVE	−0.0208%	1h	0.2365	+0.225%	$83K	$132K	3x	as long as short