PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0392%/8h= +43.0% APRnext payment +$1.96 per $10,000 · paid last 24h +0.421%

Price spread now: KuCoin against Bybit−0.235%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$169as in the Funding arb table

Net, price: spread back to 7d avg − costs−$221as in the Price arb table

costs, in and out, $10k−$2072.073% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.379%+$38 on $10k

Price spread, last 7 days+0.254%+$25 · spread now −0.235%, 7d avg −0.095%

Together, before fees+0.633%+$63 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.140% cheaper against Bybit than usual: you would sell low and buy high (spread −0.235% now, against its 7-day average of −0.095%). If the spread goes back, that is −$14 on $10k: about 29 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.379% in total) that is about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PROVEUSDT	0.2339	−0.3756	get 0.1878% / 4h	45m 00s	$2.1M	$11.5M	25x
Short	KuCoin PROVEUSDTM	0.2334	−0.3364	pay 0.1682% / 4h	45m 00s	$2.8M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.235%Rate

Funding earned: $82.4
Price spread: −0.235% → −0.095%: −$13.98
Slippage, 4 orders: −$184.3
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$138.88
Costs to cover: 2.073%
Break-even: 18.8 days

Slippage from Bybit: live order book, 3 min ago; KuCoin: 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	31.6 bp −$32	140.2 bp −$1,402	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	8.56 bp	60.2 bp −$60	409.8 bp −$4,098	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
OKX PROVE-USDT-SWAP	−0.3832%	4h	0.2331	−0.342%	$614K	$8.4M	20x	as long as short
Bybit PROVEUSDTlong	−0.3756%	4h	0.2339	long leg	$2.1M	$11.5M	25x
Aster PROVEUSDT	−0.3717%	4h	0.2340	+0.043%	$46K	$275K	5x	as long as short
Bitget PROVEUSDT	−0.3646%	4h	0.2332	−0.299%	$708K	$5.1M	50x	as long as short
MEXC PROVE_USDT	−0.3540%	4h	0.2332	−0.299%	$278K	$416K	20x	as long as short
Binance PROVEUSDT	−0.3505%	4h	0.2332	−0.299%	$3.5M	$37.9M	75x	as long as short
KuCoin PROVEUSDTMshort	−0.3364%	4h	0.2334	−0.235%	$2.8M	$1.2M	50x
Gate PROVE_USDT	−0.2988%	4h	0.2338	−0.043%	$202K	$1.1M	75x	as long as short
GRVT PROVE_USDT_Perp	−0.2910%	4h	0.2340	+0.032%	$218K	$2.8M	10x	as long as short
Variational Omni PROVE	−0.2754%	4h	0.2342	+0.110%	$28K	$47K	—	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	−0.2506%	4h	0.2334	−0.214%	—	$2.5M	—	as long as short
ApeX Omni PROVEUSDT	−0.2240%	1h	0.2337	−0.086%	$49K	$334K	50x	as long as short
Hyperliquid PROVE	−0.1189%	1h	0.2333	−0.239%	$337K	$950K	3x	as long as short
Lighter PROVE	+0.0096%	1h	0.2340	+0.026%	$82K	$141K	3x	as long as short