PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.11 per $10,000 · paid last 24h −0.159%

Price spread now: Binance against KuCoin+0.039%7-day average −0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1431.430% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.211%+$21 on $10k

Price spread, last 7 days−0.158%−$16 · spread now +0.039%, 7d avg −0.073%

Together, before fees+0.053%+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.112% dearer against KuCoin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PROVEUSDTM	0.2294	−0.0486	get 0.0243% / 4h	3h 58m	$2.8M	$682K	50x
Short	Binance PROVEUSDT	0.2295	−0.0465	pay 0.0232% / 4h	3h 58m	$3.4M	$29.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.039%Rate

Funding earned: $4.47
Price spread: +0.039% → −0.073%: $11.21
Slippage, 4 orders: −$121.02
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$127.33
Costs to cover: 1.430%
Break-even: 206.3 days

Slippage from KuCoin: live order book, 8 min ago; Binance: live order book, 13 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 KuCoin live order book, 8 min ago	4.78 bp	44.2 bp −$44	392.6 bp −$3,926	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	2.18 bp	22.3 bp −$22	85.1 bp −$851	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
ApeX Omni PROVEUSDT	−0.1017%	1h	0.2299	+0.197%	$15K	$307K	50x	as long as short
Aster PROVEUSDT	−0.0976%	4h	0.2293	−0.050%	$38K	$208K	5x	as long as short
Bitget PROVEUSDT	−0.0832%	4h	0.2294	−0.004%	$630K	$3.6M	50x	as long as short
Gate PROVE_USDT	−0.0786%	4h	0.2299	+0.214%	$157K	$686K	75x	as long as short
Hyperliquid PROVE	−0.0525%	1h	0.2296	+0.096%	$322K	$690K	3x	as long as short
KuCoin PROVEUSDTMlong	−0.0486%	4h	0.2294	long leg	$2.8M	$682K	50x
OKX PROVE-USDT-SWAP	−0.0485%	4h	0.2295	+0.039%	$639K	$6.4M	20x	as long as short
Binance PROVEUSDTshort	−0.0465%	4h	0.2295	+0.039%	$3.4M	$29.1M	75x
MEXC PROVE_USDT	−0.0464%	4h	0.2295	+0.039%	$302K	$379K	20x	as long as short
GRVT PROVE_USDT_Perp	−0.0236%	4h	0.2300	+0.257%	$212K	$3.5M	10x	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	0.2297	+0.113%	$36K	$118K	3x	as long as short
Bybit PROVEUSDT	+0.0100%	4h	0.2299	+0.214%	$2.1M	$8.5M	25x	as long as short
BingX PROVE-USDT	+0.0100%	4h	0.2296	+0.083%	—	$2.4M	—	as long as short
Variational Omni PROVE	+0.0100%	4h	0.2302	+0.331%	$27K	$45K	—	as long as short