PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0566%/8h= −62.0% APRnext payment −$2.83 per $10,000 · paid last 24h +0.272%

Price spread now: MEXC against Bybit−0.217%7-day average −0.178% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$760.756% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.601%+$60 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.217%, 7d avg −0.178%

Together, before fees+0.607%+$61 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and MEXC is 0.040% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.178%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.601%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PROVEUSDT	0.2300	0.0100	pay 0.0050% / 4h	0m 10s	$2.1M	$8.5M	25x
Short	MEXC PROVE_USDT	0.2295	−0.0466	pay 0.0233% / 4h	0m 10s	$302K	$382K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.217%Rate

Funding earned: −$118.86
Price spread: −0.217% → −0.178%: −$3.96
Slippage, 4 orders: −$60.55
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$198.37
Costs to cover: 0.756%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; MEXC: live order book, 20 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	2.17 bp	26.4 bp −$26	113.3 bp −$1,133	doesn't fit	doesn't fit
Sell MEXC live order book, 20 min ago	2.19 bp	11.0 bp −$11	43.9 bp −$439	205.1 bp −$20.5K	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
ApeX Omni PROVEUSDT	−0.1017%	1h	0.2299	−0.060%	$15K	$307K	50x	as long as short
Aster PROVEUSDT	−0.0973%	4h	0.2296	−0.171%	$38K	$208K	5x	as long as short
Bitget PROVEUSDT	−0.0826%	4h	0.2297	−0.130%	$630K	$3.5M	50x	as long as short
Gate PROVE_USDT	−0.0682%	4h	0.2299	−0.043%	$157K	$688K	75x	as long as short
OKX PROVE-USDT-SWAP	−0.0483%	4h	0.2299	−0.043%	$640K	$6.4M	20x	as long as short
KuCoin PROVEUSDTM	−0.0478%	4h	0.2297	−0.122%	$2.8M	$682K	50x	as long as short
MEXC PROVE_USDTshort	−0.0466%	4h	0.2295	−0.217%	$302K	$382K	20x
Binance PROVEUSDT	−0.0464%	4h	0.2296	−0.174%	$3.4M	$29.1M	75x	as long as short
Hyperliquid PROVE	−0.0256%	1h	0.2298	−0.087%	$323K	$689K	3x	as long as short
GRVT PROVE_USDT_Perp	−0.0242%	4h	0.2302	+0.081%	$212K	$3.5M	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PROVE	+0.0096%	1h	0.2300	+0.013%	$36K	$121K	3x	as long as short
Bybit PROVEUSDTlong	+0.0100%	4h	0.2300	long leg	$2.1M	$8.5M	25x
BingX PROVE-USDT	+0.0100%	4h	0.2297	−0.130%	—	$2.4M	—	as long as short
Variational Omni PROVE	+0.0100%	4h	0.2302	+0.073%	$27K	$45K	—	as long as short