PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0928%/8h= −101.6% APRnext payment −$4.64 per $10,000 · paid last 24h −0.087%

Price spread now: Aster against GRVT−0.041%50s7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$156as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1421.423% of the position

Long on GRVT Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.134%−$13 on $10k

Price spread, last 4 days (all we have)−0.228%−$23 · spread now −0.041%, 7d avg −0.035%

Together, before fees−0.362%+ Points / potential airdropGRVT: Active · Aster: Stage 5 · farm board−$36 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.035%, so right now this pair is about funding alone: −$28 a day on $10k at the current rate. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.134% in total (about -7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.64 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	GRVT PROVE_USDT_Perp	0.2267	−0.0406	get 0.0203% / 4h	1h 08m	$219K	$3.3M	10x
Short	Aster PROVEUSDT	0.2266	−0.1334	pay 0.0667% / 4h	1h 08m	$39K	$207K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GRVT. 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 GRVTbpFee AsterbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$194.93
Price spread: −0.041% → −0.035%: −$0.63
Slippage, 4 orders: −$125.27
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$337.82
Costs to cover: 1.423%
Break-even: never at this rate

Slippage from GRVT: live order book, 5 min ago; Aster: live order book, 33 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 GRVT live order book, 5 min ago	4.42 bp	64.7 bp −$65	3324.6 bp −$33.2K	123205.3 bp −$12.32M	doesn't fit
Sell Aster live order book, 33 min ago	6.65 bp	24.9 bp −$25	296.4 bp −$2,964	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
Aster PROVEUSDTshort	−0.1334%	4h	0.2266	−0.041%	$39K	$207K	5x
ApeX Omni PROVEUSDT	−0.1107%	1h	0.2266	−0.042%	$15K	$309K	50x	as long as short
MEXC PROVE_USDT	−0.0868%	4h	0.2266	−0.042%	$316K	$393K	20x	as long as short
Bitget PROVEUSDT	−0.0864%	4h	0.2265	−0.086%	$621K	$3.6M	50x	as long as short
Gate PROVE_USDT	−0.0856%	4h	0.2268	+0.047%	$155K	$683K	75x	as long as short
Binance PROVEUSDT	−0.0854%	4h	0.2266	−0.042%	$3.4M	$29.4M	75x	as long as short
OKX PROVE-USDT-SWAP	−0.0708%	4h	0.2266	−0.042%	$635K	$6.4M	20x	as long as short
KuCoin PROVEUSDTM	−0.0476%	4h	0.2268	+0.069%	$2.7M	$675K	50x	as long as short
GRVT PROVE_USDT_Perplong	−0.0406%	4h	0.2267	long leg	$219K	$3.3M	10x
Hyperliquid PROVE	−0.0322%	1h	0.2268	+0.029%	$320K	$694K	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	0.2269	+0.091%	$35K	$121K	3x	as long as short
Bybit PROVEUSDT	+0.0100%	4h	0.2271	+0.179%	$2.1M	$8.6M	25x	as long as short
BingX PROVE-USDT	+0.0100%	4h	0.2268	+0.047%	—	$2.4M	—	as long as short
Variational Omni PROVE	+0.0100%	4h	0.2268	+0.050%	$26K	$47K	—	as long as short