PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1542%/8h= −168.8% APRnext payment −$7.71 per $10,000 · paid last 24h −0.192%

Price spread now: Bitget against BingX+0.043%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$940.943% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.328%−$33 on $10k

Price spread, last 7 days−0.105%−$11 · spread now +0.043%, 7d avg −0.019%

Together, before fees−0.434%−$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.061% dearer against BingX than usual: you sell high and buy low (spread +0.043% now, against its 7-day average of −0.019%): +$6 on $10k if it goes back. Holding the pair costs −$46 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.328% in total) that is about 31 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.328% in total (about -17.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.71 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	BingX PROVE-USDT	0.2335	−0.3558	get 0.1779% / 4h	1h 45m	—	$2.5M	—
Short	Bitget PROVEUSDT	0.2336	−0.5100	pay 0.2550% / 4h	1h 45m	$714K	$5.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$323.82
Price spread: +0.043% → −0.019%: $6.15
Slippage, 4 orders: −$72.32
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$411.99
Costs to cover: 0.943%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; Bitget: live order book, 2 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 BingX live order book, 3 min ago	6.43 bp	30.0 bp −$30	91.7 bp −$917	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	4.29 bp	15.1 bp −$15	76.6 bp −$766	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	−0.6763%	4h	0.2342	+0.300%	$2.1M	$11.4M	25x	as long as short
ApeX Omni PROVEUSDT	−0.5684%	1h	0.2332	−0.107%	$49K	$333K	50x	as long as short
OKX PROVE-USDT-SWAP	−0.5557%	4h	0.2334	−0.043%	$617K	$8.4M	20x	as long as short
Variational Omni PROVE	−0.5431%	4h	0.2342	+0.282%	$28K	$47K	—	as long as short
Aster PROVEUSDT	−0.5252%	4h	0.2347	+0.496%	$46K	$273K	5x	as long as short
Bitget PROVEUSDTshort	−0.5100%	4h	0.2336	+0.043%	$714K	$5.1M	50x
Binance PROVEUSDT	−0.5051%	4h	0.2335	0.000%	$3.4M	$37.7M	75x	as long as short
MEXC PROVE_USDT	−0.5050%	4h	0.2334	−0.043%	$281K	$417K	20x	as long as short
KuCoin PROVEUSDTM	−0.4830%	4h	0.2339	+0.167%	$2.8M	$1.1M	50x	as long as short
Gate PROVE_USDT	−0.4402%	4h	0.2335	0.000%	$204K	$1.1M	75x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT PROVE_USDT_Perp	−0.4340%	4h	0.2336	+0.043%	$226K	$2.6M	10x	as long as short
Hyperliquid PROVE	−0.3724%	1h	0.2336	+0.039%	$346K	$942K	3x	as long as short
BingX PROVE-USDTlong	−0.3558%	4h	0.2335	long leg	—	$2.5M	—
Lighter PROVE	−0.0512%	1h	0.2342	+0.291%	$82K	$138K	3x	as long as short