PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1080%/8h= −118.3% APRnext payment −$5.40 per $10,000 · paid last 24h −0.157%

Price spread now: KuCoin against BingX−0.031%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$219as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1651.648% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.545%−$55 on $10k

Price spread, last 7 days+0.091%+$9 · spread now −0.031%, 7d avg +0.001%

Together, before fees−0.454%−$45 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and KuCoin is 0.031% cheaper against BingX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.001%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.545% in total (about -28.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.40 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	0.2261	0.0100	pay 0.0050% / 4h	2h 19m	—	$2.5M	—
Short	KuCoin PROVEUSDTM	0.2260	−0.0980	pay 0.0490% / 4h	2h 19m	$2.7M	$690K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$226.8
Price spread: −0.031% → +0.001%: −$3.15
Slippage, 4 orders: −$142.82
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$394.77
Costs to cover: 1.648%
Break-even: never at this rate

Slippage from BingX: live order book, 15 min ago; KuCoin: live order book, 3 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, 15 min ago	6.65 bp	22.5 bp −$22	80.6 bp −$806	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	11.08 bp	48.2 bp −$48	395.6 bp −$3,956	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
ApeX Omni PROVEUSDT	−0.1908%	1h	0.2252	−0.403%	$15K	$313K	50x	as long as short
Aster PROVEUSDT	−0.1868%	4h	0.2258	−0.139%	$38K	$221K	5x	as long as short
OKX PROVE-USDT-SWAP	−0.1441%	4h	0.2259	−0.088%	$629K	$6.5M	20x	as long as short
MEXC PROVE_USDT	−0.1440%	4h	0.2258	−0.133%	$276K	$392K	20x	as long as short
Binance PROVEUSDT	−0.1418%	4h	0.2258	−0.127%	$3.5M	$30.4M	75x	as long as short
Bitget PROVEUSDT	−0.1364%	4h	0.2258	−0.133%	$636K	$3.8M	50x	as long as short
Gate PROVE_USDT	−0.1268%	4h	0.2259	−0.088%	$160K	$675K	75x	as long as short
KuCoin PROVEUSDTMshort	−0.0980%	4h	0.2260	−0.031%	$2.7M	$690K	50x
GRVT PROVE_USDT_Perp	−0.0948%	4h	0.2253	−0.357%	$208K	$3.1M	10x	as long as short
Hyperliquid PROVE	−0.0407%	1h	0.2258	−0.111%	$321K	$722K	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	0.2263	+0.071%	$36K	$179K	3x	as long as short
Bybit PROVEUSDT	+0.0100%	4h	0.2265	+0.177%	$2.1M	$8.9M	25x	as long as short
BingX PROVE-USDTlong	+0.0100%	4h	0.2261	long leg	—	$2.5M	—
Variational Omni PROVE	+0.0100%	4h	0.2259	−0.106%	$28K	$44K	—	as long as short