PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0444%/8h= −48.7% APRnext payment −$2.22 per $10,000 · paid last 24h −0.421%

Price spread now: Bybit against KuCoin+0.205%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$229as in the Funding arb table

Net, price: spread back to 7d avg − costs−$180as in the Price arb table

costs, in and out, $10k−$1911.907% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.379%−$38 on $10k

Price spread, last 7 days−0.224%−$22 · spread now +0.205%, 7d avg +0.095%

Together, before fees−0.603%−$60 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.110% dearer against KuCoin than usual: you sell high and buy low (spread +0.205% now, against its 7-day average of +0.095%): +$11 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 7 days (−0.379% in total) that is about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PROVEUSDTM	0.2338	−0.3426	get 0.1713% / 4h	47m 40s	$2.8M	$1.2M	50x
Short	Bybit PROVEUSDT	0.2343	−0.3870	pay 0.1935% / 4h	47m 40s	$2.2M	$11.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.205%Rate

Funding earned: −$93.34
Price spread: +0.205% → +0.095%: $10.99
Slippage, 4 orders: −$167.74
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$273.09
Costs to cover: 1.907%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Bybit: live order book, 6 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, 4 min ago	7.06 bp	72.5 bp −$72	518.3 bp −$5,183	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	2.13 bp	32.5 bp −$33	128.6 bp −$1,286	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
OKX PROVE-USDT-SWAP	−0.3905%	4h	0.2335	−0.137%	$614K	$8.4M	20x	as long as short
Bybit PROVEUSDTshort	−0.3870%	4h	0.2343	+0.205%	$2.2M	$11.5M	25x
Aster PROVEUSDT	−0.3785%	4h	0.2340	+0.077%	$46K	$275K	5x	as long as short
Bitget PROVEUSDT	−0.3718%	4h	0.2339	+0.034%	$711K	$5.1M	50x	as long as short
MEXC PROVE_USDT	−0.3622%	4h	0.2336	−0.094%	$279K	$415K	20x	as long as short
Binance PROVEUSDT	−0.3581%	4h	0.2336	−0.094%	$3.5M	$37.9M	75x	as long as short
KuCoin PROVEUSDTMlong	−0.3426%	4h	0.2338	long leg	$2.8M	$1.2M	50x
Gate PROVE_USDT	−0.3032%	4h	0.2339	+0.034%	$202K	$1.1M	75x	as long as short
GRVT PROVE_USDT_Perp	−0.3012%	4h	0.2343	+0.198%	$218K	$2.8M	10x	as long as short
Variational Omni PROVE	−0.2972%	4h	0.2342	+0.145%	$28K	$47K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PROVE-USDT	−0.2590%	4h	0.2339	+0.034%	—	$2.5M	—	as long as short
ApeX Omni PROVEUSDT	−0.2413%	1h	0.2337	−0.051%	$49K	$335K	50x	as long as short
Hyperliquid PROVE	−0.1106%	1h	0.2337	−0.064%	$338K	$950K	3x	as long as short
Lighter PROVE	+0.0096%	1h	0.2344	+0.265%	$82K	$141K	3x	as long as short