PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.2286%/8h= −250.3% APRnext payment −$11.43 per $10,000 · paid last 24h +0.104%

Price spread now: KuCoin against Gate−0.063%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$201as in the Funding arb table

Net, price: spread back to 7d avg − costs−$184as in the Price arb table

costs, in and out, $10k−$1821.817% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.196%−$20 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now −0.063%, 7d avg −0.040%

Together, before fees−0.249%−$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$69 a day on $10k at the current rate, and KuCoin is 0.023% cheaper against Gate than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.040%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.196% in total (about -10.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$11.43 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	0.2373	−0.3434	get 0.1717% / 4h	3h 13m	$206K	$1.0M	75x
Short	KuCoin PROVEUSDTM	0.2371	−0.5720	pay 0.2860% / 4h	3h 13m	$2.9M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$480.06
Price spread: −0.063% → −0.040%: −$2.29
Slippage, 4 orders: −$154.65
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$664
Costs to cover: 1.817%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; KuCoin: live order book, 4 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, 4 min ago	6.32 bp	36.5 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	7.17 bp	51.1 bp −$51	414.1 bp −$4,141	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
Variational Omni PROVE	−0.7086%	4h	0.2375	+0.090%	$29K	$47K	—	as long as short
Binance PROVEUSDT	−0.6388%	4h	0.2371	−0.081%	$3.4M	$36.8M	75x	as long as short
MEXC PROVE_USDT	−0.6388%	4h	0.2372	−0.042%	$295K	$409K	20x	as long as short
OKX PROVE-USDT-SWAP	−0.6190%	4h	0.2372	−0.042%	$616K	$8.3M	20x	as long as short
Aster PROVEUSDT	−0.6126%	4h	0.2373	−0.002%	$48K	$271K	5x	as long as short
Bitget PROVEUSDT	−0.5882%	4h	0.2369	−0.169%	$758K	$4.8M	50x	as long as short
KuCoin PROVEUSDTMshort	−0.5720%	4h	0.2371	−0.063%	$2.9M	$1.1M	50x
ApeX Omni PROVEUSDT	−0.5054%	1h	0.2370	−0.124%	$50K	$334K	50x	as long as short
Bybit PROVEUSDT	−0.4911%	4h	0.2378	+0.211%	$2.2M	$10.8M	25x	as long as short
Hyperliquid PROVE	−0.3624%	1h	0.2374	+0.037%	$352K	$929K	3x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PROVE-USDT	−0.3612%	4h	0.2373	0.000%	—	$2.5M	—	as long as short
Gate PROVE_USDTlong	−0.3434%	4h	0.2373	long leg	$206K	$1.0M	75x
GRVT PROVE_USDT_Perp	−0.3032%	4h	0.2372	−0.042%	$220K	$2.6M	10x	as long as short
Lighter PROVE	−0.0192%	1h	0.2378	+0.206%	$84K	$132K	3x	as long as short