PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0442%/8h= +48.4% APRnext payment +$2.21 per $10,000 · paid last 24h +0.304%

Price spread now: BingX against Bybit−0.375%7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1051.054% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.657%+$66 on $10k

Price spread, last 7 days+0.312%+$31 · spread now −0.375%, 7d avg −0.091%

Together, before fees+0.969%+$97 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.284% cheaper against Bybit than usual: you would sell low and buy high (spread −0.375% now, against its 7-day average of −0.091%). If the spread goes back, that is −$28 on $10k: about 2.1 days of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PROVEUSDT	0.2401	−0.9788	get 0.4894% / 4h	8m 47s	$2.1M	$10.2M	25x
Short	BingX PROVE-USDT	0.2392	−0.9346	pay 0.4673% / 4h	8m 47s	—	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.375%Rate

Funding earned: $92.82
Price spread: −0.375% → −0.091%: −$28.39
Slippage, 4 orders: −$84.42
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$40.98
Costs to cover: 1.054%
Break-even: 10.1 days

Slippage from Bybit: live order book, 4 min ago; BingX: live order book, 11 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, 4 min ago	4.18 bp	30.4 bp −$30	133.7 bp −$1,337	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	6.31 bp	20.8 bp −$21	68.0 bp −$680	590.4 bp −$59.0K	1203.7 bp −$601.9K

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	−0.9788%	4h	0.2401	long leg	$2.1M	$10.2M	25x
BingX PROVE-USDTshort	−0.9346%	4h	0.2392	−0.375%	—	$2.5M	—
Variational Omni PROVE	−0.8192%	4h	0.2387	−0.577%	$28K	$46K	—	as long as short
Binance PROVEUSDT	−0.7164%	4h	0.2390	−0.458%	$3.5M	$36.2M	75x	as long as short
MEXC PROVE_USDT	−0.7154%	4h	0.2391	−0.416%	$295K	$403K	20x	as long as short
Hyperliquid PROVE	−0.7074%	1h	0.2393	−0.342%	$356K	$918K	3x	as long as short
OKX PROVE-USDT-SWAP	−0.6869%	4h	0.2393	−0.333%	$611K	$8.2M	20x	as long as short
Gate PROVE_USDT	−0.6770%	4h	0.2390	−0.458%	$215K	$1.0M	75x	as long as short
Aster PROVEUSDT	−0.6643%	4h	0.2390	−0.458%	$46K	$269K	5x	as long as short
GRVT PROVE_USDT_Perp	−0.6520%	4h	0.2381	−0.848%	$221K	$2.5M	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PROVEUSDT	−0.6452%	4h	0.2391	−0.416%	$669K	$4.7M	50x	as long as short
KuCoin PROVEUSDTM	−0.6224%	4h	0.2395	−0.242%	$2.9M	$1.1M	50x	as long as short
ApeX Omni PROVEUSDT	−0.2776%	1h	0.2381	−0.834%	$52K	$333K	50x	as long as short
Lighter PROVE	−0.2736%	1h	0.2396	−0.200%	$83K	$132K	3x	as long as short