PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.06 per $10,000 · paid last 24h −0.091%

Price spread now: MEXC against Bitget−0.043%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$710.707% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 4 days (all we have)+0.117%+$12 · spread now −0.043%, 7d avg −0.069%

Together, before fees+0.145%+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and MEXC is 0.026% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PROVEUSDT	0.2315	−0.2628	get 0.1314% / 4h	3m 44s	$681K	$5.2M	50x
Short	MEXC PROVE_USDT	0.2314	−0.2616	pay 0.1308% / 4h	3m 44s	$302K	$423K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.043%Rate

Funding earned: $2.52
Price spread: −0.043% → −0.069%: $2.61
Slippage, 4 orders: −$54.69
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$65.57
Costs to cover: 0.707%
Break-even: 189.1 days

Slippage from Bitget: live order book, 4 min ago; MEXC: live order book, 37 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, 4 min ago	2.17 bp	26.6 bp −$27	89.2 bp −$892	doesn't fit	doesn't fit
Sell MEXC live order book, 37 min ago	4.28 bp	12.6 bp −$13	51.0 bp −$510	239.2 bp −$23.9K	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
OKX PROVE-USDT-SWAP	−0.2652%	4h	0.2313	−0.086%	$627K	$8.4M	20x	as long as short
Bitget PROVEUSDTlong	−0.2628%	4h	0.2315	long leg	$681K	$5.2M	50x
Aster PROVEUSDT	−0.2621%	4h	0.2320	+0.210%	$46K	$274K	5x	as long as short
MEXC PROVE_USDTshort	−0.2616%	4h	0.2314	−0.043%	$302K	$423K	20x
Binance PROVEUSDT	−0.2583%	4h	0.2312	−0.108%	$3.4M	$37.9M	75x	as long as short
Bybit PROVEUSDT	−0.2552%	4h	0.2321	+0.259%	$2.1M	$11.5M	25x	as long as short
KuCoin PROVEUSDTM	−0.2280%	4h	0.2317	+0.069%	$2.8M	$1.1M	50x	as long as short
ApeX Omni PROVEUSDT	−0.2222%	1h	0.2305	−0.432%	$49K	$335K	50x	as long as short
GRVT PROVE_USDT_Perp	−0.2188%	4h	0.2304	−0.475%	$221K	$2.9M	10x	as long as short
Gate PROVE_USDT	−0.2186%	4h	0.2316	+0.043%	$197K	$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
BingX PROVE-USDT	−0.1878%	4h	0.2317	+0.086%	—	$2.5M	—	as long as short
Variational Omni PROVE	−0.1297%	4h	0.2308	−0.298%	$28K	$47K	—	as long as short
Hyperliquid PROVE	−0.1047%	1h	0.2314	−0.051%	$341K	$955K	3x	as long as short
Lighter PROVE	+0.0096%	1h	0.2321	+0.238%	$82K	$142K	3x	as long as short