PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0471%/8h= −51.6% APRnext payment −$2.35 per $10,000 · paid last 24h −0.304%

Price spread now: Bybit against BingX+0.210%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$171as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$1051.054% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.657%−$66 on $10k

Price spread, last 7 days−0.147%−$15 · spread now +0.210%, 7d avg +0.091%

Together, before fees−0.804%−$80 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.119% dearer against BingX than usual: you sell high and buy low (spread +0.210% now, against its 7-day average of +0.091%): +$12 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PROVE-USDT	0.2383	−0.9346	get 0.4673% / 4h	11m 11s	—	$2.5M	—
Short	Bybit PROVEUSDT	0.2388	−0.9817	pay 0.4908% / 4h	11m 11s	$2.1M	$10.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.210%Rate

Funding earned: −$98.87
Price spread: +0.210% → +0.091%: $11.89
Slippage, 4 orders: −$84.42
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$192.4
Costs to cover: 1.054%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; Bybit: 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, 8 min ago	6.31 bp	21.8 bp −$22	76.8 bp −$768	738.3 bp −$73.8K	1214.8 bp −$607.4K
Sell Bybit live order book, 2 min ago	4.18 bp	32.4 bp −$32	128.4 bp −$1,284	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 PROVEUSDTshort	−0.9817%	4h	0.2388	+0.210%	$2.1M	$10.2M	25x
BingX PROVE-USDTlong	−0.9346%	4h	0.2383	long leg	—	$2.5M	—
Variational Omni PROVE	−0.8192%	4h	0.2387	+0.174%	$28K	$46K	—	as long as short
Binance PROVEUSDT	−0.7142%	4h	0.2377	−0.252%	$3.4M	$36.2M	75x	as long as short
MEXC PROVE_USDT	−0.7140%	4h	0.2377	−0.252%	$293K	$403K	20x	as long as short
Hyperliquid PROVE	−0.7108%	1h	0.2381	−0.076%	$354K	$924K	3x	as long as short
OKX PROVE-USDT-SWAP	−0.6854%	4h	0.2378	−0.210%	$607K	$8.1M	20x	as long as short
Gate PROVE_USDT	−0.6798%	4h	0.2383	0.000%	$216K	$1.0M	75x	as long as short
Aster PROVEUSDT	−0.6633%	4h	0.2390	+0.294%	$46K	$269K	5x	as long as short
GRVT PROVE_USDT_Perp	−0.6530%	4h	0.2384	+0.034%	$222K	$2.5M	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PROVEUSDT	−0.6436%	4h	0.2381	−0.084%	$663K	$4.7M	50x	as long as short
KuCoin PROVEUSDTM	−0.6218%	4h	0.2382	−0.042%	$2.9M	$1.1M	50x	as long as short
ApeX Omni PROVEUSDT	−0.2776%	1h	0.2381	−0.085%	$52K	$333K	50x	as long as short
Lighter PROVE	−0.2712%	1h	0.2387	+0.168%	$83K	$132K	3x	as long as short