PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.2359%/8h= +258.4% APRnext payment +$11.80 per $10,000 · paid last 24h +0.318%

Price spread now: Gate against Bybit−0.299%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$178as in the Price arb table

costs, in and out, $10k−$1561.558% of the position

Long on Bybit Short on Gate

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+0.175%+$18 · spread now −0.299%, 7d avg −0.076%

Together, before fees+0.751%+$75 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.223% cheaper against Bybit than usual: you would sell low and buy high (spread −0.299% now, against its 7-day average of −0.076%). If the spread goes back, that is −$22 on $10k: about 8 hours of funding at the current rate (+$71 a day). At the pace of the last 7 days (+0.576% in total) that is about 2.7 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.576% in total (about 30.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$11.80 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	0.2344	−0.6761	get 0.3381% / 4h	1h 45m	$2.1M	$11.4M	25x
Short	Gate PROVE_USDT	0.2337	−0.4402	pay 0.2201% / 4h	1h 45m	$204K	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpOrdersPrice spread, now −0.299%Rate

Funding earned: $495.47
Price spread: −0.299% → −0.076%: −$22.26
Slippage, 4 orders: −$129.84
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $317.37
Costs to cover: 1.558%
Break-even: 2.5 days

Slippage from Bybit: live order book, 3 min ago; Gate: 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 Bybit live order book, 3 min ago	2.13 bp	35.9 bp −$36	153.8 bp −$1,538	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	8.55 bp	35.1 bp −$35	doesn't fit	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	−0.6761%	4h	0.2344	long leg	$2.1M	$11.4M	25x
ApeX Omni PROVEUSDT	−0.5684%	1h	0.2332	−0.491%	$49K	$333K	50x	as long as short
OKX PROVE-USDT-SWAP	−0.5541%	4h	0.2337	−0.299%	$618K	$8.4M	20x	as long as short
Variational Omni PROVE	−0.5431%	4h	0.2342	−0.103%	$28K	$47K	—	as long as short
Aster PROVEUSDT	−0.5252%	4h	0.2347	+0.128%	$46K	$273K	5x	as long as short
Bitget PROVEUSDT	−0.5100%	4h	0.2336	−0.341%	$714K	$5.1M	50x	as long as short
Binance PROVEUSDT	−0.5051%	4h	0.2336	−0.357%	$3.4M	$37.7M	75x	as long as short
MEXC PROVE_USDT	−0.5050%	4h	0.2336	−0.341%	$281K	$417K	20x	as long as short
KuCoin PROVEUSDTM	−0.4824%	4h	0.2338	−0.256%	$2.8M	$1.1M	50x	as long as short
Gate PROVE_USDTshort	−0.4402%	4h	0.2337	−0.299%	$204K	$1.1M	75x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT PROVE_USDT_Perp	−0.4356%	4h	0.2338	−0.236%	$216K	$2.7M	10x	as long as short
Hyperliquid PROVE	−0.3700%	1h	0.2339	−0.201%	$347K	$942K	3x	as long as short
BingX PROVE-USDT	−0.3558%	4h	0.2333	−0.469%	—	$2.5M	—	as long as short
Lighter PROVE	−0.0512%	1h	0.2343	−0.026%	$82K	$138K	3x	as long as short