Funding you earn now, next payment 00:00 UTC+0.2419%/8h= +264.9% APRnext payment +$12.09 per $10,000 · paid last 24h −0.104%
Price spread now: OKX against BingX−0.210%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$134as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1101.102% of the position
Funding, last 7 days−0.234%−$23 on $10k
+Price spread, last 7 days+0.218%+$22 · spread now −0.210%, 7d avg −0.030%
=Funding pays, the price is against you. OKX is 0.180% cheaper against BingX than usual: you would sell low and buy high (spread −0.210% now, against its 7-day average of −0.030%). If the spread goes back, that is −$18 on $10k: about 6 hours of funding at the current rate (+$73 a day). Mind the row above: over the last 7 days funding on this pair cost −0.234%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.234% in total (about -12.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$12.09 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 | 0.2386 | −0.9298 | get 0.4649% / 4h | 6m 18s | — | $2.5M | — |
| Short | OKX PROVE-USDT-SWAP | 0.2381 | −0.6879 | pay 0.3440% / 4h | 6m 18s | $608K | $8.1M | 20x |
BingX PROVE-USDT
OKX PROVE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $507.94
- Price spread: −0.210% → −0.030%
- −$17.97
- Slippage, 4 orders
- −$90.19
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $379.79
- Costs to cover
- 1.102%
- Break-even
- 1.8 days
Slippage from BingX: live order book, 3 min ago; OKX: 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 | 8.35 bp | 22.6 bp −$23 | 79.9 bp −$799 | 694.0 bp −$69.4K | doesn't fit |
| Sell OKX live order book, 2 min ago | 4.19 bp | 32.6 bp −$33 | 116.0 bp −$1,160 | 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 | −0.9753% | 4h | 0.2392 | +0.251% | $2.1M | $10.2M | 25x | as long as short |
| BingX PROVE-USDTlong | −0.9298% | 4h | 0.2386 | long leg | — | $2.5M | — | |
| Variational Omni PROVE | −0.8183% | 4h | 0.2391 | +0.217% | $28K | $46K | — | as long as short |
| Binance PROVEUSDT | −0.7166% | 4h | 0.2380 | −0.236% | $3.4M | $36.2M | 75x | as long as short |
| MEXC PROVE_USDT | −0.7162% | 4h | 0.2381 | −0.210% | $294K | $403K | 20x | as long as short |
| Hyperliquid PROVE | −0.7058% | 1h | 0.2383 | −0.126% | $353K | $919K | 3x | as long as short |
| OKX PROVE-USDT-SWAPshort | −0.6879% | 4h | 0.2381 | −0.210% | $608K | $8.1M | 20x | |
| Gate PROVE_USDT | −0.6742% | 4h | 0.2388 | +0.084% | $215K | $1.0M | 75x | as long as short |
| Aster PROVEUSDT | −0.6642% | 4h | 0.2390 | +0.168% | $46K | $269K | 5x | as long as short |
| GRVT PROVE_USDT_Perp | −0.6526% | 4h | 0.2390 | +0.168% | $222K | $2.5M | 10x | as long as short |
Bybit PROVEUSDT
Variational Omni PROVE
Binance PROVEUSDT
MEXC PROVE_USDT
Hyperliquid PROVE
Gate PROVE_USDT
Aster PROVEUSDT
GRVT PROVE_USDT_PerpShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PROVEUSDT | −0.6468% | 4h | 0.2382 | −0.168% | $666K | $4.7M | 50x | as long as short |
| KuCoin PROVEUSDTM | −0.6238% | 4h | 0.2386 | +0.004% | $2.9M | $1.1M | 50x | as long as short |
| ApeX Omni PROVEUSDT | −0.2995% | 1h | 0.2387 | +0.046% | $52K | $333K | 50x | as long as short |
| Lighter PROVE | −0.2720% | 1h | 0.2389 | +0.130% | $83K | $132K | 3x | as long as short |
Bitget PROVEUSDT
KuCoin PROVEUSDTM
ApeX Omni PROVEUSDT
Lighter PROVE