PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0859%/8h= +94.0% APRnext payment +$4.29 per $10,000 · paid last 24h +0.099%

Price spread now: KuCoin against Binance+0.067%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$225as in the Funding arb table

Net, price: spread back to 7d avg − costs−$198as in the Price arb table

costs, in and out, $10k−$1981.982% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.271%−$27 on $10k

Price spread, last 7 days+0.051%+$5 · spread now +0.067%, 7d avg +0.069%

Together, before fees−0.220%−$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.069%, so right now this pair is about funding alone: +$26 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.271%, 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 -0.271% in total (about -14.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.29 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	0.2379	−0.4677	get 0.2338% / 4h	2h 26m	$3.4M	$35.7M	75x
Short	KuCoin PROVEUSDTM	0.2381	−0.3818	pay 0.1909% / 4h	2h 26m	$2.8M	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.067%Rate

Funding earned: $180.32
Price spread: +0.067% → +0.069%: −$0.18
Slippage, 4 orders: −$176.15
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$18.01
Costs to cover: 1.982%
Break-even: 7.7 days

Slippage from Binance: live order book, 15 min ago; KuCoin: live order book, 5 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, 15 min ago	2.10 bp	16.6 bp −$17	71.1 bp −$711	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	11.40 bp	65.8 bp −$66	405.2 bp −$4,052	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	−0.7453%	4h	0.2383	+0.168%	$2.0M	$9.8M	25x	as long as short
BingX PROVE-USDT	−0.6944%	4h	0.2382	+0.126%	—	$2.5M	—	as long as short
ApeX Omni PROVEUSDT	−0.6015%	1h	0.2379	0.000%	$33K	$313K	50x	as long as short
Gate PROVE_USDT	−0.5292%	4h	0.2380	+0.042%	$210K	$887K	75x	as long as short
Hyperliquid PROVE	−0.4781%	1h	0.2379	0.000%	$351K	$868K	3x	as long as short
Aster PROVEUSDT	−0.4755%	4h	0.2381	+0.077%	$38K	$249K	5x	as long as short
Binance PROVEUSDTlong	−0.4677%	4h	0.2379	long leg	$3.4M	$35.7M	75x
MEXC PROVE_USDT	−0.4654%	4h	0.2378	−0.042%	$304K	$401K	20x	as long as short
GRVT PROVE_USDT_Perp	−0.4570%	4h	0.2374	−0.221%	$222K	$2.5M	10x	as long as short
OKX PROVE-USDT-SWAP	−0.4560%	4h	0.2378	−0.042%	$593K	$8.0M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PROVE	−0.4436%	4h	0.2376	−0.110%	$27K	$43K	—	as long as short
Bitget PROVEUSDT	−0.3860%	4h	0.2378	−0.042%	$666K	$4.7M	50x	as long as short
KuCoin PROVEUSDTMshort	−0.3818%	4h	0.2381	+0.067%	$2.8M	$1.0M	50x
Lighter PROVE	−0.0864%	1h	0.2388	+0.391%	$83K	$124K	3x	as long as short