PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0844%/8h= −92.4% APRnext payment −$4.22 per $10,000 · paid last 24h −0.240%

Price spread now: Gate against BingX−0.086%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1271.275% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.329%−$33 on $10k

Price spread, last 7 days+0.006%+$1 · spread now −0.086%, 7d avg +0.016%

Together, before fees−0.323%−$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Gate is 0.101% cheaper against BingX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.016%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.329% in total (about -17.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.22 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	0.2339	−0.3558	get 0.1779% / 4h	1h 45m	—	$2.5M	—
Short	Gate PROVE_USDT	0.2337	−0.4402	pay 0.2201% / 4h	1h 45m	$204K	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.086%Rate

Funding earned: −$177.24
Price spread: −0.086% → +0.016%: −$10.13
Slippage, 4 orders: −$102.45
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$314.82
Costs to cover: 1.275%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; Gate: 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, 4 min ago	6.43 bp	30.0 bp −$30	91.7 bp −$917	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	8.55 bp	35.1 bp −$35	doesn't fit	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	−0.6761%	4h	0.2346	+0.299%	$2.1M	$11.4M	25x	as long as short
ApeX Omni PROVEUSDT	−0.5684%	1h	0.2332	−0.278%	$49K	$333K	50x	as long as short
OKX PROVE-USDT-SWAP	−0.5557%	4h	0.2338	−0.043%	$618K	$8.4M	20x	as long as short
Variational Omni PROVE	−0.5431%	4h	0.2342	+0.111%	$28K	$47K	—	as long as short
Aster PROVEUSDT	−0.5252%	4h	0.2347	+0.342%	$46K	$273K	5x	as long as short
Bitget PROVEUSDT	−0.5100%	4h	0.2337	−0.086%	$714K	$5.1M	50x	as long as short
Binance PROVEUSDT	−0.5051%	4h	0.2338	−0.043%	$3.4M	$37.7M	75x	as long as short
MEXC PROVE_USDT	−0.5050%	4h	0.2337	−0.086%	$282K	$417K	20x	as long as short
KuCoin PROVEUSDTM	−0.4824%	4h	0.2338	−0.043%	$2.8M	$1.1M	50x	as long as short
Gate PROVE_USDTshort	−0.4402%	4h	0.2337	−0.086%	$204K	$1.1M	75x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT PROVE_USDT_Perp	−0.4356%	4h	0.2338	−0.023%	$216K	$2.7M	10x	as long as short
Hyperliquid PROVE	−0.3704%	1h	0.2340	+0.051%	$346K	$942K	3x	as long as short
BingX PROVE-USDTlong	−0.3558%	4h	0.2339	long leg	—	$2.5M	—
Lighter PROVE	−0.0512%	1h	0.2342	+0.120%	$82K	$138K	3x	as long as short