PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0369%/8h= −40.4% APRnext payment −$1.84 per $10,000 · paid last 24h −0.366%

Price spread now: Bybit against Bitget+0.299%7-day average +0.110% · you sell dearer than you buy

Net, funding: paid 7d − costs−$179as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1211.214% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.576%−$58 on $10k

Price spread, last 7 days−0.193%−$19 · spread now +0.299%, 7d avg +0.110%

Together, before fees−0.769%−$77 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.189% dearer against Bitget than usual: you sell high and buy low (spread +0.299% now, against its 7-day average of +0.110%): +$19 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PROVEUSDT	0.2341	−0.3888	get 0.1944% / 4h	56m 20s	$715K	$5.1M	50x
Short	Bybit PROVEUSDT	0.2348	−0.4257	pay 0.2128% / 4h	56m 20s	$2.2M	$11.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now +0.299%Rate

Funding earned: −$77.44
Price spread: +0.299% → +0.110%: $18.88
Slippage, 4 orders: −$98.42
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$179.98
Costs to cover: 1.214%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 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 Bitget live order book, 2 min ago	4.28 bp	25.9 bp −$26	82.5 bp −$825	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	4.27 bp	35.8 bp −$36	123.1 bp −$1,231	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	−0.4257%	4h	0.2348	+0.299%	$2.2M	$11.5M	25x
OKX PROVE-USDT-SWAP	−0.4150%	4h	0.2340	−0.043%	$616K	$8.5M	20x	as long as short
ApeX Omni PROVEUSDT	−0.4106%	1h	0.2341	0.000%	$49K	$334K	50x	as long as short
Aster PROVEUSDT	−0.4066%	4h	0.2340	−0.043%	$46K	$275K	5x	as long as short
MEXC PROVE_USDT	−0.3892%	4h	0.2342	+0.043%	$279K	$415K	20x	as long as short
Bitget PROVEUSDTlong	−0.3888%	4h	0.2341	long leg	$715K	$5.1M	50x
Binance PROVEUSDT	−0.3852%	4h	0.2341	0.000%	$3.5M	$37.9M	75x	as long as short
KuCoin PROVEUSDTM	−0.3642%	4h	0.2343	+0.068%	$2.8M	$1.2M	50x	as long as short
Variational Omni PROVE	−0.3436%	4h	0.2346	+0.193%	$28K	$47K	—	as long as short
Gate PROVE_USDT	−0.3268%	4h	0.2341	0.000%	$202K	$1.1M	75x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT PROVE_USDT_Perp	−0.3210%	4h	0.2338	−0.139%	$228K	$2.7M	10x	as long as short
BingX PROVE-USDT	−0.2750%	4h	0.2344	+0.128%	—	$2.5M	—	as long as short
Hyperliquid PROVE	−0.1024%	1h	0.2341	−0.009%	$339K	$951K	3x	as long as short
Lighter PROVE	+0.0096%	1h	0.2345	+0.179%	$82K	$140K	3x	as long as short