PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0656%/8h= −71.8% APRnext payment −$3.28 per $10,000 · paid last 24h −0.076%

Price spread now: Binance against GRVT−0.276%7-day average −0.107% · you buy dearer than you sell

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$1241.244% of the position

Long on GRVT Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$10 on $10k

Price spread, last 7 days+0.197%+$20 · spread now −0.276%, 7d avg −0.107%

Together, before fees+0.092%+ Points / potential airdropGRVT: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Binance is 0.170% cheaper against GRVT than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.107%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.105% in total (about -5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.28 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	0.2338	−0.4356	get 0.2178% / 4h	1h 43m	$216K	$2.7M	10x
Short	Binance PROVEUSDT	0.2332	−0.5012	pay 0.2506% / 4h	1h 43m	$3.4M	$37.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.276%Rate

Funding earned: −$137.76
Price spread: −0.276% → −0.107%: −$16.97
Slippage, 4 orders: −$105.44
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$279.17
Costs to cover: 1.244%
Break-even: never at this rate

Slippage from GRVT: live order book, 6 min ago; Binance: live order book, 14 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, 6 min ago	4.28 bp	31.7 bp −$32	8830.4 bp −$88.3K	178263.3 bp −$17.83M	doesn't fit
Sell Binance live order book, 14 min ago	2.12 bp	25.7 bp −$26	99.7 bp −$997	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 PROVEUSDT	−0.6709%	4h	0.2340	+0.066%	$2.1M	$11.4M	25x	as long as short
ApeX Omni PROVEUSDT	−0.5756%	1h	0.2336	−0.124%	$49K	$334K	50x	as long as short
OKX PROVE-USDT-SWAP	−0.5513%	4h	0.2332	−0.276%	$616K	$8.4M	20x	as long as short
Variational Omni PROVE	−0.5431%	4h	0.2342	+0.134%	$28K	$47K	—	as long as short
Aster PROVEUSDT	−0.5233%	4h	0.2344	+0.250%	$46K	$273K	5x	as long as short
Bitget PROVEUSDT	−0.5084%	4h	0.2332	−0.276%	$712K	$5.1M	50x	as long as short
MEXC PROVE_USDT	−0.5034%	4h	0.2331	−0.319%	$282K	$417K	20x	as long as short
Binance PROVEUSDTshort	−0.5012%	4h	0.2332	−0.276%	$3.4M	$37.7M	75x
KuCoin PROVEUSDTM	−0.4814%	4h	0.2334	−0.178%	$2.8M	$1.1M	50x	as long as short
Gate PROVE_USDT	−0.4394%	4h	0.2332	−0.276%	$204K	$1.1M	75x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT PROVE_USDT_Perplong	−0.4356%	4h	0.2338	long leg	$216K	$2.7M	10x
Hyperliquid PROVE	−0.3681%	1h	0.2334	−0.195%	$346K	$942K	3x	as long as short
BingX PROVE-USDT	−0.3558%	4h	0.2335	−0.148%	—	$2.5M	—	as long as short
Lighter PROVE	−0.0392%	1h	0.2339	+0.032%	$82K	$138K	3x	as long as short