Funding you earn now, next payment 08:00 UTC−0.0438%/8h= −48.0% APRnext payment −$2.19 per $10,000 · paid last 24h −0.035%
Price spread now: Gate against GRVT+0.151%81s7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$166as 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−$1531.528% of the position
Funding, last 7 days−0.133%−$13 on $10k
+Price spread, last 7 days−0.195%−$19 · spread now +0.151%, 7d avg −0.015%
=Together, before fees−0.328%+ Points / potential airdropGRVT: Active · farm board−$33 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.166% dearer against GRVT than usual: you sell high and buy low (spread +0.151% now, against its 7-day average of −0.015%): +$17 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 30 hours. At the pace of the last 7 days (−0.133% in total) that is about 8.7 days. The two prices were read 81 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 -0.133% in total (about -6.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.19 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 | 0.2268 | −0.0384 | get 0.0192% / 4h | 1h 04m | $209K | $3.3M | 10x |
| Short | Gate PROVE_USDT | 0.2271 | −0.0822 | pay 0.0411% / 4h | 1h 04m | $155K | $684K | 75x |
GRVT PROVE_USDT_Perp
Gate PROVE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against GRVT. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$91.98
- Price spread: +0.151% → −0.015%
- $16.58
- Slippage, 4 orders
- −$128.79
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$228.19
- Costs to cover
- 1.528%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 4 min ago; Gate: live order book, 43 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, 4 min ago | 6.61 bp | 40.0 bp −$40 | 6550.4 bp −$65.5K | 155463.1 bp −$15.55M | doesn't fit |
| Sell Gate live order book, 43 min ago | 4.43 bp | 25.7 bp −$26 | doesn't fit | 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 PROVEUSDT | −0.1272% | 4h | 0.2268 | +0.036% | $38K | $207K | 5x | as long as short |
| ApeX Omni PROVEUSDT | −0.1062% | 1h | 0.2267 | −0.043% | $15K | $309K | 50x | as long as short |
| Bitget PROVEUSDT | −0.0830% | 4h | 0.2267 | −0.026% | $622K | $3.6M | 50x | as long as short |
| Gate PROVE_USDTshort | −0.0822% | 4h | 0.2271 | +0.151% | $155K | $684K | 75x | |
| MEXC PROVE_USDT | −0.0818% | 4h | 0.2267 | −0.026% | $316K | $393K | 20x | as long as short |
| Binance PROVEUSDT | −0.0805% | 4h | 0.2267 | −0.026% | $3.4M | $29.4M | 75x | as long as short |
| OKX PROVE-USDT-SWAP | −0.0662% | 4h | 0.2267 | −0.026% | $635K | $6.4M | 20x | as long as short |
| KuCoin PROVEUSDTM | −0.0438% | 4h | 0.2270 | +0.098% | $2.7M | $676K | 50x | as long as short |
| GRVT PROVE_USDT_Perplong | −0.0384% | 4h | 0.2268 | long leg | $209K | $3.3M | 10x | |
| Hyperliquid PROVE | −0.0288% | 1h | 0.2269 | +0.067% | $320K | $694K | 3x | as long as short |
Aster PROVEUSDT
ApeX Omni PROVEUSDT
Bitget PROVEUSDT
MEXC PROVE_USDT
Binance PROVEUSDT
OKX PROVE-USDT-SWAP
KuCoin PROVEUSDTM
Hyperliquid PROVEShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PROVE | +0.0096% | 1h | 0.2270 | +0.098% | $35K | $121K | 3x | as long as short |
| Bybit PROVEUSDT | +0.0100% | 4h | 0.2271 | +0.151% | $2.1M | $8.6M | 25x | as long as short |
| BingX PROVE-USDT | +0.0100% | 4h | 0.2271 | +0.151% | — | $2.4M | — | as long as short |
| Variational Omni PROVE | +0.0100% | 4h | 0.2272 | +0.199% | $26K | $47K | — | as long as short |
Lighter PROVE
Bybit PROVEUSDT
BingX PROVE-USDT
Variational Omni PROVE