PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.2359%/8h= −258.3% APRnext payment −$11.79 per $10,000 · paid last 24h −0.318%

Price spread now: Bybit against Gate+0.214%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$213as in the Funding arb table

Net, price: spread back to 7d avg − costs−$142as in the Price arb table

costs, in and out, $10k−$1561.558% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.576%−$58 on $10k

Price spread, last 7 days−0.090%−$9 · spread now +0.214%, 7d avg +0.076%

Together, before fees−0.666%−$67 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.138% dearer against Gate than usual: you sell high and buy low (spread +0.214% now, against its 7-day average of +0.076%): +$14 on $10k if it goes back. Holding the pair costs −$71 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.576% in total) that is about 40 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.576% in total (about -30.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$11.79 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	0.2336	−0.4404	get 0.2202% / 4h	1h 46m	$204K	$1.1M	75x
Short	Bybit PROVEUSDT	0.2341	−0.6763	pay 0.3381% / 4h	1h 46m	$2.1M	$11.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.214%Rate

Funding earned: −$495.37
Price spread: +0.214% → +0.076%: $13.81
Slippage, 4 orders: −$129.84
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$637.41
Costs to cover: 1.558%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Bybit: 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, 1 min ago	8.55 bp	39.6 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.13 bp	45.2 bp −$45	136.1 bp −$1,361	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 PROVEUSDTshort	−0.6763%	4h	0.2341	+0.214%	$2.1M	$11.4M	25x
ApeX Omni PROVEUSDT	−0.5684%	1h	0.2332	−0.150%	$49K	$333K	50x	as long as short
OKX PROVE-USDT-SWAP	−0.5557%	4h	0.2332	−0.171%	$616K	$8.4M	20x	as long as short
Variational Omni PROVE	−0.5431%	4h	0.2342	+0.239%	$28K	$47K	—	as long as short
Aster PROVEUSDT	−0.5252%	4h	0.2347	+0.455%	$46K	$273K	5x	as long as short
Bitget PROVEUSDT	−0.5108%	4h	0.2334	−0.086%	$713K	$5.1M	50x	as long as short
MEXC PROVE_USDT	−0.5068%	4h	0.2333	−0.128%	$281K	$417K	20x	as long as short
Binance PROVEUSDT	−0.5051%	4h	0.2333	−0.128%	$3.4M	$37.7M	75x	as long as short
KuCoin PROVEUSDTM	−0.4830%	4h	0.2339	+0.124%	$2.8M	$1.1M	50x	as long as short
Gate PROVE_USDTlong	−0.4404%	4h	0.2336	long leg	$204K	$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	−0.4340%	4h	0.2336	0.000%	$226K	$2.6M	10x	as long as short
Hyperliquid PROVE	−0.3731%	1h	0.2336	−0.017%	$346K	$942K	3x	as long as short
BingX PROVE-USDT	−0.3558%	4h	0.2334	−0.086%	—	$2.5M	—	as long as short
Lighter PROVE	−0.0512%	1h	0.2341	+0.223%	$82K	$138K	3x	as long as short