PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0310%/8h= −33.9% APRnext payment −$1.55 per $10,000 · paid last 24h −0.055%

Price spread now: Bitget against KuCoin−0.034%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs−$185as in the Price arb table

costs, in and out, $10k−$1831.828% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.197%+$20 on $10k

Price spread, last 7 days−0.082%−$8 · spread now −0.034%, 7d avg −0.015%

Together, before fees+0.115%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.197%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.197% in total (about 10.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.55 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	KuCoin PROVEUSDTM	0.2343	−0.3520	get 0.1760% / 4h	52m 08s	$2.8M	$1.2M	50x
Short	Bitget PROVEUSDT	0.2342	−0.3830	pay 0.1915% / 4h	52m 08s	$715K	$5.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$65.1
Price spread: −0.034% → −0.015%: −$1.87
Slippage, 4 orders: −$158.78
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$249.75
Costs to cover: 1.828%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Bitget: live order book, 1 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, 5 min ago	5.77 bp	76.5 bp −$77	515.6 bp −$5,156	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	4.27 bp	16.7 bp −$17	64.7 bp −$647	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	−0.4053%	4h	0.2344	+0.051%	$2.2M	$11.5M	25x	as long as short
OKX PROVE-USDT-SWAP	−0.4009%	4h	0.2337	−0.248%	$615K	$8.5M	20x	as long as short
Aster PROVEUSDT	−0.3927%	4h	0.2342	−0.053%	$46K	$275K	5x	as long as short
Bitget PROVEUSDTshort	−0.3830%	4h	0.2342	−0.034%	$715K	$5.1M	50x
MEXC PROVE_USDT	−0.3750%	4h	0.2338	−0.205%	$279K	$415K	20x	as long as short
Binance PROVEUSDT	−0.3701%	4h	0.2337	−0.256%	$3.5M	$37.9M	75x	as long as short
KuCoin PROVEUSDTMlong	−0.3520%	4h	0.2343	long leg	$2.8M	$1.2M	50x
Variational Omni PROVE	−0.3200%	4h	0.2348	+0.227%	$28K	$47K	—	as long as short
GRVT PROVE_USDT_Perp	−0.3150%	4h	0.2340	−0.120%	$228K	$2.7M	10x	as long as short
Gate PROVE_USDT	−0.3134%	4h	0.2344	+0.051%	$202K	$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
ApeX Omni PROVEUSDT	−0.2730%	1h	0.2335	−0.333%	$49K	$335K	50x	as long as short
BingX PROVE-USDT	−0.2662%	4h	0.2342	−0.034%	—	$2.5M	—	as long as short
Hyperliquid PROVE	−0.1036%	1h	0.2338	−0.213%	$339K	$948K	3x	as long as short
Lighter PROVE	+0.0096%	1h	0.2346	+0.132%	$82K	$140K	3x	as long as short