Funding you earn now, next payment 04:00 UTC−0.1828%/8h= −200.2% APRnext payment −$9.14 per $10,000 · paid last 24h −0.224%
Price spread now: MEXC against GRVT+0.237%7-day average −0.103% · you sell dearer than you buy
Net, funding: paid 7d − costs−$155as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$1301.298% of the position
Funding, last 7 days−0.252%−$25 on $10k
+Price spread, last 4 days (all we have)−0.423%−$42 · spread now +0.237%, 7d avg −0.103%
=Together, before fees−0.675%+ Points / potential airdropGRVT: Active · farm board−$67 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.340% dearer against GRVT than usual: you sell high and buy low (spread +0.237% now, against its 7-day average of −0.103%): +$34 on $10k if it goes back. Holding the pair costs −$55 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.252% in total) that is about 9.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.252% in total (about -13.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$9.14 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 | 0.2372 | −0.3580 | get 0.1790% / 4h | 2h 27m | $226K | $2.6M | 10x |
| Short | MEXC PROVE_USDT | 0.2378 | −0.5408 | pay 0.2704% / 4h | 2h 27m | $277K | $416K | 20x |
GRVT PROVE_USDT_Perp
MEXC PROVE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$383.88
- Price spread: +0.237% → −0.103%
- $33.96
- Slippage, 4 orders
- −$116.84
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$479.76
- Costs to cover
- 1.298%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 1 min ago; MEXC: live order book, 23 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, 1 min ago | 4.21 bp | 43.1 bp −$43 | 196.9 bp −$1,969 | 63920.4 bp −$6.39M | doesn't fit |
| Sell MEXC live order book, 23 min ago | 4.27 bp | 12.2 bp −$12 | 50.0 bp −$500 | 230.1 bp −$23.0K | 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 | −0.7539% | 4h | 0.2386 | +0.574% | $2.1M | $11.3M | 25x | as long as short |
| Variational Omni PROVE | −0.6368% | 4h | 0.2421 | +2.034% | $30K | $47K | — | as long as short |
| OKX PROVE-USDT-SWAP | −0.5773% | 4h | 0.2379 | +0.279% | $620K | $8.6M | 20x | as long as short |
| Aster PROVEUSDT | −0.5486% | 4h | 0.2384 | +0.490% | $46K | $274K | 5x | as long as short |
| Bitget PROVEUSDT | −0.5470% | 4h | 0.2378 | +0.237% | $730K | $5.1M | 50x | as long as short |
| MEXC PROVE_USDTshort | −0.5408% | 4h | 0.2378 | +0.237% | $277K | $416K | 20x | |
| Binance PROVEUSDT | −0.5402% | 4h | 0.2378 | +0.233% | $3.5M | $37.8M | 75x | as long as short |
| KuCoin PROVEUSDTM | −0.5326% | 4h | 0.2377 | +0.186% | $2.9M | $1.2M | 50x | as long as short |
| Gate PROVE_USDT | −0.4198% | 4h | 0.2379 | +0.279% | $209K | $1.1M | 75x | as long as short |
| Hyperliquid PROVE | −0.3825% | 1h | 0.2378 | +0.224% | $349K | $952K | 3x | as long as short |
Bybit PROVEUSDT
Variational Omni PROVE
OKX PROVE-USDT-SWAP
Aster PROVEUSDT
Bitget PROVEUSDT
Binance PROVEUSDT
KuCoin PROVEUSDTM
Gate PROVE_USDT
Hyperliquid PROVEShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PROVE-USDT | −0.3718% | 4h | 0.2377 | +0.195% | — | $2.5M | — | as long as short |
| GRVT PROVE_USDT_Perplong | −0.3580% | 4h | 0.2372 | long leg | $226K | $2.6M | 10x | |
| ApeX Omni PROVEUSDT | −0.2182% | 1h | 0.2403 | +1.273% | $51K | $333K | 50x | as long as short |
| Lighter PROVE | −0.1168% | 1h | 0.2384 | +0.511% | $84K | $139K | 3x | as long as short |
BingX PROVE-USDT
ApeX Omni PROVEUSDT
Lighter PROVE