PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0397%/8h= +43.5% APRnext payment +$1.98 per $10,000 · paid last 24h +0.277%

Price spread now: Binance against Bybit−0.224%7-day average −0.165% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1211.209% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.605%+$61 on $10k

Price spread, last 7 days+0.100%+$10 · spread now −0.224%, 7d avg −0.165%

Together, before fees+0.705%+$71 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.059% cheaper against Bybit than usual: you would sell low and buy high (spread −0.224% now, against its 7-day average of −0.165%). If the spread goes back, that is −$6 on $10k: about 12 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PROVEUSDT	0.2345	−0.4098	get 0.2049% / 4h	52m 39s	$2.2M	$11.5M	25x
Short	Binance PROVEUSDT	0.2340	−0.3701	pay 0.1851% / 4h	52m 39s	$3.5M	$37.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now −0.224%Rate

Funding earned: $83.36
Price spread: −0.224% → −0.165%: −$5.92
Slippage, 4 orders: −$99.85
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$43.42
Costs to cover: 1.209%
Break-even: 10.6 days

Slippage from Bybit: live order book, 6 min ago; Binance: live order book, 4 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 Bybit live order book, 6 min ago	4.27 bp	35.7 bp −$36	146.7 bp −$1,467	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	2.14 bp	24.8 bp −$25	97.0 bp −$970	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 PROVEUSDTlong	−0.4098%	4h	0.2345	long leg	$2.2M	$11.5M	25x
OKX PROVE-USDT-SWAP	−0.4039%	4h	0.2338	−0.299%	$615K	$8.5M	20x	as long as short
Aster PROVEUSDT	−0.3927%	4h	0.2343	−0.103%	$46K	$275K	5x	as long as short
Bitget PROVEUSDT	−0.3832%	4h	0.2342	−0.128%	$715K	$5.1M	50x	as long as short
MEXC PROVE_USDT	−0.3750%	4h	0.2339	−0.256%	$279K	$415K	20x	as long as short
Binance PROVEUSDTshort	−0.3701%	4h	0.2340	−0.224%	$3.5M	$37.9M	75x
KuCoin PROVEUSDTM	−0.3520%	4h	0.2343	−0.090%	$2.8M	$1.2M	50x	as long as short
Variational Omni PROVE	−0.3200%	4h	0.2348	+0.133%	$28K	$47K	—	as long as short
Gate PROVE_USDT	−0.3164%	4h	0.2345	0.000%	$202K	$1.1M	75x	as long as short
GRVT PROVE_USDT_Perp	−0.3150%	4h	0.2340	−0.213%	$228K	$2.7M	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni PROVEUSDT	−0.2730%	1h	0.2335	−0.426%	$49K	$335K	50x	as long as short
BingX PROVE-USDT	−0.2699%	4h	0.2343	−0.085%	—	$2.5M	—	as long as short
Hyperliquid PROVE	−0.1003%	1h	0.2341	−0.188%	$339K	$948K	3x	as long as short
Lighter PROVE	+0.0096%	1h	0.2348	+0.119%	$83K	$140K	3x	as long as short