PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.2864%/8h= −313.6% APRnext payment −$14.32 per $10,000 · paid last 24h −0.284%

Price spread now: MEXC against BingX−0.168%7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$780.777% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.301%−$30 on $10k

Price spread, last 4 days (all we have)+0.197%+$20 · spread now −0.168%, 7d avg −0.079%

Together, before fees−0.104%−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$86 a day on $10k at the current rate, and MEXC is 0.089% cheaper against BingX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.079%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.301% in total (about -15.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$14.32 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	0.2377	−0.3612	get 0.1806% / 4h	3h 16m	—	$2.5M	—
Short	MEXC PROVE_USDT	0.2373	−0.6476	pay 0.3238% / 4h	3h 16m	$295K	$409K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.168%Rate

Funding earned: −$601.44
Price spread: −0.168% → −0.079%: −$8.89
Slippage, 4 orders: −$63.71
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$688.04
Costs to cover: 0.777%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; MEXC: live order book, 40 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	8.47 bp	24.2 bp −$24	83.7 bp −$837	922.2 bp −$92.2K	doesn't fit
Sell MEXC live order book, 40 min ago	4.29 bp	15.6 bp −$16	44.9 bp −$449	234.4 bp −$23.4K	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
Variational Omni PROVE	−0.7086%	4h	0.2375	−0.079%	$29K	$47K	—	as long as short
Binance PROVEUSDT	−0.6478%	4h	0.2374	−0.140%	$3.4M	$36.8M	75x	as long as short
MEXC PROVE_USDTshort	−0.6476%	4h	0.2373	−0.168%	$295K	$409K	20x
OKX PROVE-USDT-SWAP	−0.6260%	4h	0.2370	−0.294%	$617K	$8.3M	20x	as long as short
Aster PROVEUSDT	−0.6186%	4h	0.2373	−0.164%	$48K	$271K	5x	as long as short
Bitget PROVEUSDT	−0.5942%	4h	0.2368	−0.379%	$758K	$4.9M	50x	as long as short
KuCoin PROVEUSDTM	−0.5776%	4h	0.2374	−0.143%	$2.9M	$1.1M	50x	as long as short
ApeX Omni PROVEUSDT	−0.5243%	1h	0.2356	−0.883%	$50K	$334K	50x	as long as short
Bybit PROVEUSDT	−0.5158%	4h	0.2375	−0.084%	$2.2M	$10.8M	25x	as long as short
Hyperliquid PROVE	−0.3712%	1h	0.2376	−0.042%	$353K	$928K	3x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PROVE-USDTlong	−0.3612%	4h	0.2377	long leg	—	$2.5M	—
Gate PROVE_USDT	−0.3536%	4h	0.2376	−0.042%	$207K	$1.0M	75x	as long as short
GRVT PROVE_USDT_Perp	−0.3180%	4h	0.2358	−0.799%	$226K	$2.6M	10x	as long as short
Lighter PROVE	−0.0200%	1h	0.2379	+0.084%	$84K	$132K	3x	as long as short