PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1171%/8h= +128.3% APRnext payment +$5.86 per $10,000 · paid last 24h +0.368%

Price spread now: Bitget against Bybit−0.372%7-day average −0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1451.451% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.579%+$58 on $10k

Price spread, last 4 days (all we have)+0.136%+$14 · spread now −0.372%, 7d avg −0.102%

Together, before fees+0.715%+$72 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.270% cheaper against Bybit than usual: you would sell low and buy high (spread −0.372% now, against its 7-day average of −0.102%). If the spread goes back, that is −$27 on $10k: about 18 hours of funding at the current rate (+$35 a day). At the pace of the last 7 days (+0.579% in total) that is about 3.3 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.579% in total (about 30.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.86 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	Bybit PROVEUSDT	0.2419	−0.6577	get 0.3289% / 4h	2h 32m	$2.2M	$11.2M	25x
Short	Bitget PROVEUSDT	0.2410	−0.5406	pay 0.2703% / 4h	2h 32m	$743K	$5.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.372%Rate

Funding earned: $245.96
Price spread: −0.372% → −0.102%: −$27.04
Slippage, 4 orders: −$122.14
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: $73.79
Costs to cover: 1.451%
Break-even: 4.9 days

Slippage from Bybit: live order book, 6 min ago; Bitget: live order book, 5 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	2.06 bp	45.0 bp −$45	250.5 bp −$2,505	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	8.24 bp	26.6 bp −$27	144.2 bp −$1,442	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	−0.6577%	4h	0.2419	long leg	$2.2M	$11.2M	25x
Variational Omni PROVE	−0.6091%	4h	0.2431	+0.501%	$30K	$47K	—	as long as short
OKX PROVE-USDT-SWAP	−0.5716%	4h	0.2408	−0.455%	$599K	$8.6M	20x	as long as short
Bitget PROVEUSDTshort	−0.5406%	4h	0.2410	−0.372%	$743K	$5.1M	50x
Aster PROVEUSDT	−0.5362%	4h	0.2410	−0.372%	$48K	$274K	5x	as long as short
Binance PROVEUSDT	−0.5311%	4h	0.2409	−0.413%	$3.5M	$37.6M	75x	as long as short
MEXC PROVE_USDT	−0.5310%	4h	0.2410	−0.372%	$277K	$414K	20x	as long as short
KuCoin PROVEUSDTM	−0.5282%	4h	0.2414	−0.203%	$2.9M	$1.1M	50x	as long as short
Gate PROVE_USDT	−0.3698%	4h	0.2409	−0.413%	$213K	$1.1M	75x	as long as short
BingX PROVE-USDT	−0.3629%	4h	0.2405	−0.579%	—	$2.5M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PROVE	−0.3331%	1h	0.2411	−0.335%	$352K	$950K	3x	as long as short
GRVT PROVE_USDT_Perp	−0.2838%	4h	0.2432	+0.537%	$225K	$2.6M	10x	as long as short
ApeX Omni PROVEUSDT	−0.2629%	1h	0.2436	+0.712%	$51K	$334K	50x	as long as short
Lighter PROVE	−0.0840%	1h	0.2418	−0.054%	$85K	$137K	3x	as long as short