PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0798%/8h= −87.4% APRnext payment −$3.99 per $10,000 · paid last 24h −0.030%

Price spread now: Aster against Gate+0.043%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$137as in the Funding arb table

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

costs, in and out, $10k−$1391.394% of the position

Long on Gate Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 4 days (all we have)+0.640%+$64 · spread now +0.043%, 7d avg −0.013%

Together, before fees+0.662%+ Points / potential airdropAster: Stage 5 · farm board+$66 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.056% dearer against Gate than usual: you sell high and buy low (spread +0.043% now, against its 7-day average of −0.013%): +$6 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 6 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.022% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.99 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	Gate PROVE_USDT	0.2339	−0.3304	get 0.1652% / 4h	56m 56s	$202K	$1.1M	75x
Short	Aster PROVEUSDT	0.2340	−0.4102	pay 0.2051% / 4h	56m 56s	$46K	$275K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$167.53
Price spread: +0.043% → −0.013%: $5.62
Slippage, 4 orders: −$116.41
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: −$301.32
Costs to cover: 1.394%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Aster: live order book, 65 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 Gate live order book, 5 min ago	6.41 bp	35.3 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 65 min ago	8.45 bp	28.5 bp −$29	234.9 bp −$2,349	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 PROVEUSDT	−0.4315%	4h	0.2346	+0.299%	$2.2M	$11.5M	25x	as long as short
OKX PROVE-USDT-SWAP	−0.4187%	4h	0.2339	0.000%	$614K	$8.5M	20x	as long as short
ApeX Omni PROVEUSDT	−0.4106%	1h	0.2341	+0.086%	$49K	$334K	50x	as long as short
Aster PROVEUSDTshort	−0.4102%	4h	0.2340	+0.043%	$46K	$275K	5x
Bitget PROVEUSDT	−0.3916%	4h	0.2340	+0.043%	$715K	$5.1M	50x	as long as short
Binance PROVEUSDT	−0.3894%	4h	0.2338	−0.043%	$3.5M	$37.9M	75x	as long as short
MEXC PROVE_USDT	−0.3892%	4h	0.2337	−0.086%	$279K	$415K	20x	as long as short
KuCoin PROVEUSDTM	−0.3676%	4h	0.2338	−0.026%	$2.8M	$1.2M	50x	as long as short
Variational Omni PROVE	−0.3436%	4h	0.2346	+0.279%	$28K	$47K	—	as long as short
Gate PROVE_USDTlong	−0.3304%	4h	0.2339	long leg	$202K	$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	−0.3210%	4h	0.2338	−0.053%	$228K	$2.7M	10x	as long as short
BingX PROVE-USDT	−0.2750%	4h	0.2342	+0.128%	—	$2.5M	—	as long as short
Hyperliquid PROVE	−0.1131%	1h	0.2337	−0.086%	$338K	$951K	3x	as long as short
Lighter PROVE	+0.0096%	1h	0.2342	+0.137%	$82K	$140K	3x	as long as short