PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.2646%/8h= −289.8% APRnext payment −$13.23 per $10,000 · paid last 24h +0.018%

Price spread now: OKX against Gate−0.126%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1221.222% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 4 days (all we have)+0.185%+$18 · spread now −0.126%, 7d avg −0.081%

Together, before fees+0.162%+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$79 a day on $10k at the current rate, and OKX is 0.045% cheaper against Gate than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.081%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.023% in total (about -1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$13.23 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	0.2376	−0.3682	get 0.1841% / 4h	3h 17m	$207K	$1.0M	75x
Short	OKX PROVE-USDT-SWAP	0.2373	−0.6328	pay 0.3164% / 4h	3h 17m	$617K	$8.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.126%Rate

Funding earned: −$555.7
Price spread: −0.126% → −0.081%: −$4.48
Slippage, 4 orders: −$97.21
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$682.39
Costs to cover: 1.222%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; OKX: live order book, 5 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	8.48 bp	35.5 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	4.24 bp	25.8 bp −$26	90.3 bp −$903	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	−0.7258%	4h	0.2361	−0.648%	$29K	$47K	—	as long as short
MEXC PROVE_USDT	−0.6562%	4h	0.2374	−0.084%	$295K	$409K	20x	as long as short
Binance PROVEUSDT	−0.6524%	4h	0.2374	−0.090%	$3.4M	$36.8M	75x	as long as short
OKX PROVE-USDT-SWAPshort	−0.6328%	4h	0.2373	−0.126%	$617K	$8.3M	20x
Aster PROVEUSDT	−0.6252%	4h	0.2372	−0.152%	$48K	$271K	5x	as long as short
Bitget PROVEUSDT	−0.5980%	4h	0.2374	−0.084%	$760K	$4.9M	50x	as long as short
KuCoin PROVEUSDTM	−0.5820%	4h	0.2374	−0.101%	$2.9M	$1.1M	50x	as long as short
ApeX Omni PROVEUSDT	−0.5243%	1h	0.2356	−0.842%	$50K	$334K	50x	as long as short
Bybit PROVEUSDT	−0.5188%	4h	0.2379	+0.126%	$2.2M	$10.7M	25x	as long as short
Hyperliquid PROVE	−0.3766%	1h	0.2376	−0.004%	$353K	$928K	3x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PROVE_USDTlong	−0.3682%	4h	0.2376	long leg	$207K	$1.0M	75x
BingX PROVE-USDT	−0.3638%	4h	0.2374	−0.084%	—	$2.5M	—	as long as short
GRVT PROVE_USDT_Perp	−0.3180%	4h	0.2358	−0.758%	$226K	$2.6M	10x	as long as short
Lighter PROVE	−0.0192%	1h	0.2381	+0.198%	$84K	$132K	3x	as long as short