Funding you earn now, next payment 08:00 UTC+0.0956%/8h= +104.7% APRnext payment +$4.78 per $10,000 · paid last 24h +0.256%
Price spread now: BingX against Gate−0.088%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1231.230% of the position
Funding, last 7 days+0.345%+$34 on $10k
+Price spread, last 7 days+0.132%+$13 · spread now −0.088%, 7d avg −0.023%
=Funding pays, the price is against you. BingX is 0.065% cheaper against Gate than usual: you would sell low and buy high (spread −0.088% now, against its 7-day average of −0.023%). If the spread goes back, that is −$7 on $10k: about 5 hours of funding at the current rate (+$29 a day). At the pace of the last 7 days (+0.345% in total) that is about 32 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.345% in total (about 18.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.78 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 | 0.2271 | −0.0856 | get 0.0428% / 4h | 1h 08m | $155K | $683K | 75x |
| Short | BingX PROVE-USDT | 0.2269 | 0.0100 | get 0.0050% / 4h | 1h 08m | — | $2.4M | — |
Gate PROVE_USDT
BingX PROVE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $200.76
- Price spread: −0.088% → −0.023%
- −$6.51
- Slippage, 4 orders
- −$97.97
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $71.28
- Costs to cover
- 1.230%
- Break-even
- 4.5 days
Slippage from Gate: live order book, 39 min ago; BingX: live order book, 11 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, 39 min ago | 4.43 bp | 46.8 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 6.61 bp | 25.3 bp −$25 | 76.8 bp −$768 | 590.7 bp −$59.1K | 1206.9 bp −$603.5K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster PROVEUSDT | −0.1334% | 4h | 0.2268 | −0.141% | $39K | $207K | 5x | as long as short |
| ApeX Omni PROVEUSDT | −0.1107% | 1h | 0.2266 | −0.220% | $15K | $309K | 50x | as long as short |
| MEXC PROVE_USDT | −0.0868% | 4h | 0.2268 | −0.132% | $317K | $393K | 20x | as long as short |
| Bitget PROVEUSDT | −0.0864% | 4h | 0.2268 | −0.132% | $622K | $3.6M | 50x | as long as short |
| Gate PROVE_USDTlong | −0.0856% | 4h | 0.2271 | long leg | $155K | $683K | 75x | |
| Binance PROVEUSDT | −0.0854% | 4h | 0.2270 | −0.044% | $3.4M | $29.4M | 75x | as long as short |
| OKX PROVE-USDT-SWAP | −0.0697% | 4h | 0.2269 | −0.088% | $636K | $6.4M | 20x | as long as short |
| KuCoin PROVEUSDTM | −0.0476% | 4h | 0.2271 | −0.013% | $2.7M | $675K | 50x | as long as short |
| GRVT PROVE_USDT_Perp | −0.0406% | 4h | 0.2267 | −0.179% | $219K | $3.3M | 10x | as long as short |
| Hyperliquid PROVE | −0.0315% | 1h | 0.2269 | −0.106% | $320K | $694K | 3x | as long as short |
Aster PROVEUSDT
ApeX Omni PROVEUSDT
MEXC PROVE_USDT
Bitget PROVEUSDT
Binance PROVEUSDT
OKX PROVE-USDT-SWAP
KuCoin PROVEUSDTM
GRVT PROVE_USDT_Perp
Hyperliquid PROVEShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PROVE | +0.0096% | 1h | 0.2270 | −0.035% | $35K | $121K | 3x | as long as short |
| Bybit PROVEUSDT | +0.0100% | 4h | 0.2273 | +0.088% | $2.1M | $8.6M | 25x | as long as short |
| BingX PROVE-USDTshort | +0.0100% | 4h | 0.2269 | −0.088% | — | $2.4M | — | |
| Variational Omni PROVE | +0.0100% | 4h | 0.2268 | −0.129% | $26K | $47K | — | as long as short |
Lighter PROVE
Bybit PROVEUSDT
Variational Omni PROVE