Funding arb · Price arb /

PROVE

all PROVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: MEXC against Binance+0.060%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$630.635% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.217%−$22 · spread now +0.060%, 7d avg −0.004%

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.064% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PROVEUSDT	0.2254	−0.1466	get 0.0733% / 4h	2h 21m	$3.4M	$30.5M	75x
Short	MEXC PROVE_USDT	0.2255	−0.1466	pay 0.0733% / 4h	2h 21m	$275K	$392K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.060%Rate

Funding earned: $0.01
Price spread: +0.060% → −0.004%: $6.4
Slippage, 4 orders: −$49.49
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$57.08
Costs to cover: 0.635%
Break-even: 31715.7 days

Slippage from Binance: live order book, 5 min ago; MEXC: live order book, 9 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, 5 min ago	2.23 bp	19.2 bp −$19	86.3 bp −$863	doesn't fit	doesn't fit
Sell MEXC live order book, 9 min ago	2.23 bp	14.5 bp −$15	46.1 bp −$461	188.3 bp −$18.8K	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 PROVEUSDT	−0.1908%	1h	0.2252	−0.078%	$15K	$313K	50x	as long as short
Aster PROVEUSDT	−0.1882%	4h	0.2253	−0.050%	$38K	$221K	5x	as long as short
OKX PROVE-USDT-SWAP	−0.1483%	4h	0.2255	+0.060%	$627K	$6.5M	20x	as long as short
Binance PROVEUSDTlong	−0.1466%	4h	0.2254	long leg	$3.4M	$30.5M	75x
MEXC PROVE_USDTshort	−0.1466%	4h	0.2255	+0.060%	$275K	$392K	20x
Bitget PROVEUSDT	−0.1388%	4h	0.2254	+0.016%	$635K	$3.8M	50x	as long as short
Gate PROVE_USDT	−0.1306%	4h	0.2257	+0.149%	$160K	$675K	75x	as long as short
KuCoin PROVEUSDTM	−0.1008%	4h	0.2255	+0.047%	$2.7M	$693K	50x	as long as short
GRVT PROVE_USDT_Perp	−0.0948%	4h	0.2253	−0.032%	$208K	$3.1M	10x	as long as short
Hyperliquid PROVE	−0.0387%	1h	0.2255	+0.043%	$320K	$721K	3x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PROVE	+0.0096%	1h	0.2259	+0.220%	$37K	$178K	3x	as long as short
Bybit PROVEUSDT	+0.0100%	4h	0.2259	+0.238%	$2.1M	$8.9M	25x	as long as short
BingX PROVE-USDT	+0.0100%	4h	0.2254	+0.016%	—	$2.5M	—	as long as short
Variational Omni PROVE	+0.0100%	4h	0.2249	−0.200%	$28K	$44K	—	as long as short