PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0575%/8h= −63.0% APRnext payment −$2.87 per $10,000 · paid last 24h −0.041%

Price spread now: Binance against Gate−0.171%7-day average −0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1221.218% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 7 days+0.170%+$17 · spread now −0.171%, 7d avg −0.089%

Together, before fees+0.199%+$20 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 Binance is 0.082% cheaper against Gate than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.089%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.029% in total (about 1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.87 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	0.2345	−0.3228	get 0.1614% / 4h	54m 47s	$202K	$1.1M	75x
Short	Binance PROVEUSDT	0.2341	−0.3803	pay 0.1901% / 4h	54m 47s	$3.5M	$37.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now −0.171%Rate

Funding earned: −$120.75
Price spread: −0.171% → −0.089%: −$8.17
Slippage, 4 orders: −$96.78
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$250.7
Costs to cover: 1.218%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Binance: 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 Gate live order book, 2 min ago	6.40 bp	35.8 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	2.14 bp	24.8 bp −$25	97.0 bp −$970	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	−0.4200%	4h	0.2347	+0.085%	$2.2M	$11.5M	25x	as long as short
OKX PROVE-USDT-SWAP	−0.4113%	4h	0.2341	−0.171%	$617K	$8.5M	20x	as long as short
Aster PROVEUSDT	−0.4015%	4h	0.2342	−0.117%	$46K	$275K	5x	as long as short
Bitget PROVEUSDT	−0.3856%	4h	0.2341	−0.171%	$715K	$5.1M	50x	as long as short
Binance PROVEUSDTshort	−0.3803%	4h	0.2341	−0.171%	$3.5M	$37.9M	75x
MEXC PROVE_USDT	−0.3802%	4h	0.2341	−0.171%	$279K	$415K	20x	as long as short
KuCoin PROVEUSDTM	−0.3578%	4h	0.2343	−0.090%	$2.8M	$1.2M	50x	as long as short
Gate PROVE_USDTlong	−0.3228%	4h	0.2345	long leg	$202K	$1.1M	75x
Variational Omni PROVE	−0.3200%	4h	0.2348	+0.133%	$28K	$47K	—	as long as short
GRVT PROVE_USDT_Perp	−0.3150%	4h	0.2340	−0.213%	$228K	$2.7M	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni PROVEUSDT	−0.2730%	1h	0.2335	−0.426%	$49K	$335K	50x	as long as short
BingX PROVE-USDT	−0.2729%	4h	0.2342	−0.128%	—	$2.5M	—	as long as short
Hyperliquid PROVE	−0.0997%	1h	0.2343	−0.085%	$339K	$948K	3x	as long as short
Lighter PROVE	+0.0096%	1h	0.2348	+0.128%	$83K	$140K	3x	as long as short