PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.27 per $10,000 · paid last 24h −0.064%

Price spread now: MEXC against Gate−0.266%7-day average −0.114% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$950.947% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)+0.216%+$22 · spread now −0.266%, 7d avg −0.114%

Together, before fees+0.224%+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.152% cheaper against Gate than usual: you would sell low and buy high (spread −0.266% now, against its 7-day average of −0.114%). If the spread goes back, that is −$15 on $10k: about 9.4 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.007% in total) that is about 5 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PROVE_USDT	0.2258	−0.1148	get 0.0574% / 4h	1h 42m	$153K	$679K	75x
Short	MEXC PROVE_USDT	0.2252	−0.1094	pay 0.0547% / 4h	1h 42m	$305K	$383K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.266%Rate

Funding earned: $11.34
Price spread: −0.266% → −0.114%: −$15.2
Slippage, 4 orders: −$75.71
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$98.57
Costs to cover: 0.947%
Break-even: 67.8 days

Slippage from Gate: live order book, 4 min ago; MEXC: live order book, 48 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	4.43 bp	46.8 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 48 min ago	2.23 bp	14.5 bp −$15	46.1 bp −$461	188.3 bp −$18.8K	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
Aster PROVEUSDT	−0.1565%	4h	0.2254	−0.190%	$38K	$221K	5x	as long as short
ApeX Omni PROVEUSDT	−0.1333%	1h	0.2254	−0.178%	$15K	$311K	50x	as long as short
Gate PROVE_USDTlong	−0.1148%	4h	0.2258	long leg	$153K	$679K	75x
Binance PROVEUSDT	−0.1095%	4h	0.2252	−0.252%	$3.4M	$30.0M	75x	as long as short
MEXC PROVE_USDTshort	−0.1094%	4h	0.2252	−0.266%	$305K	$383K	20x
Bitget PROVEUSDT	−0.1070%	4h	0.2255	−0.133%	$628K	$3.8M	50x	as long as short
OKX PROVE-USDT-SWAP	−0.1014%	4h	0.2256	−0.089%	$638K	$6.4M	20x	as long as short
KuCoin PROVEUSDTM	−0.0686%	4h	0.2258	+0.004%	$2.7M	$687K	50x	as long as short
GRVT PROVE_USDT_Perp	−0.0576%	4h	0.2257	−0.044%	$214K	$3.3M	10x	as long as short
Hyperliquid PROVE	−0.0545%	1h	0.2255	−0.137%	$320K	$721K	3x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PROVE	+0.0096%	1h	0.2258	0.000%	$35K	$121K	3x	as long as short
Bybit PROVEUSDT	+0.0100%	4h	0.2260	+0.089%	$2.1M	$8.8M	25x	as long as short
BingX PROVE-USDT	+0.0100%	4h	0.2256	−0.089%	—	$2.4M	—	as long as short
Variational Omni PROVE	+0.0100%	4h	0.2259	+0.049%	$28K	$44K	—	as long as short