PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0426%/8h= +46.6% APRnext payment +$2.13 per $10,000 · paid last 24h +0.205%

Price spread now: BingX against GRVT+0.128%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$151as in the Price arb table

costs, in and out, $10k−$1681.676% of the position

Long on GRVT Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.195%+$19 on $10k

Price spread, last 7 days−0.128%−$13 · spread now +0.128%, 7d avg −0.033%

Together, before fees+0.067%+ Points / potential airdropGRVT: Active · farm board+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and BingX is 0.162% dearer against GRVT than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.033%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.195% in total (about 10.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.13 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	0.2340	−0.3150	get 0.1575% / 4h	53m 17s	$228K	$2.7M	10x
Short	BingX PROVE-USDT	0.2343	−0.2724	pay 0.1362% / 4h	53m 17s	—	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.128%Rate

Funding earned: $89.46
Price spread: +0.128% → −0.033%: $16.16
Slippage, 4 orders: −$148.57
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$61.95
Costs to cover: 1.676%
Break-even: 11.8 days

Slippage from GRVT: live order book, 5 min ago; BingX: live order book, 11 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	4.27 bp	48.8 bp −$49	269.2 bp −$2,692	87904.1 bp −$8.79M	doesn't fit
Sell BingX live order book, 11 min ago	8.54 bp	24.8 bp −$25	77.9 bp −$779	723.8 bp −$72.4K	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	−0.4098%	4h	0.2349	+0.385%	$2.2M	$11.5M	25x	as long as short
OKX PROVE-USDT-SWAP	−0.4039%	4h	0.2340	0.000%	$616K	$8.5M	20x	as long as short
Aster PROVEUSDT	−0.3968%	4h	0.2343	+0.139%	$46K	$275K	5x	as long as short
Bitget PROVEUSDT	−0.3832%	4h	0.2341	+0.043%	$715K	$5.1M	50x	as long as short
MEXC PROVE_USDT	−0.3802%	4h	0.2341	+0.043%	$279K	$415K	20x	as long as short
Binance PROVEUSDT	−0.3751%	4h	0.2341	+0.023%	$3.5M	$37.9M	75x	as long as short
KuCoin PROVEUSDTM	−0.3548%	4h	0.2345	+0.197%	$2.8M	$1.2M	50x	as long as short
Variational Omni PROVE	−0.3200%	4h	0.2348	+0.347%	$28K	$47K	—	as long as short
Gate PROVE_USDT	−0.3164%	4h	0.2346	+0.256%	$202K	$1.1M	75x	as long as short
GRVT PROVE_USDT_Perplong	−0.3150%	4h	0.2340	long leg	$228K	$2.7M	10x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni PROVEUSDT	−0.2730%	1h	0.2335	−0.214%	$49K	$335K	50x	as long as short
BingX PROVE-USDTshort	−0.2724%	4h	0.2343	+0.128%	—	$2.5M	—
Hyperliquid PROVE	−0.0968%	1h	0.2343	+0.115%	$339K	$948K	3x	as long as short
Lighter PROVE	+0.0096%	1h	0.2349	+0.376%	$83K	$140K	3x	as long as short