Funding you earn now, next payment 08:00 UTC−0.0296%/8h= −32.4% APRnext payment −$1.48 per $10,000 · paid last 24h −0.099%
Price spread now: Gate against KuCoin+0.071%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$176as in the Funding arb table
Net, price: spread back to 7d avg − costs−$191as in the Price arb table
costs, in and out, $10k−$1961.959% of the position
Funding, last 7 days+0.201%+$20 on $10k
+Price spread, last 7 days−0.175%−$18 · spread now +0.071%, 7d avg +0.022%
=The price spread pays, funding is against you. Gate is 0.049% dearer against KuCoin than usual: you sell high and buy low (spread +0.071% now, against its 7-day average of +0.022%): +$5 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 13 hours. Mind the row above: over the last 7 days funding on this pair paid +0.201%, 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 0.201% in total (about 10.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.48 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 | 0.2252 | −0.1038 | get 0.0519% / 4h | 2h 22m | $2.7M | $693K | 50x |
| Short | Gate PROVE_USDT | 0.2254 | −0.1334 | pay 0.0667% / 4h | 2h 22m | $160K | $674K | 75x |
KuCoin PROVEUSDTM
Gate PROVE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against KuCoin. 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
- −$62.16
- Price spread: +0.071% → +0.022%
- $4.9
- Slippage, 4 orders
- −$168.87
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$253.13
- Costs to cover
- 1.959%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 min ago; Gate: live order book, 29 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 | 6.91 bp | 65.5 bp −$66 | 461.2 bp −$4,612 | doesn't fit | doesn't fit |
| Sell Gate live order book, 29 min ago | 6.56 bp | 39.8 bp −$40 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni PROVEUSDT | −0.1963% | 1h | 0.2248 | −0.195% | $15K | $313K | 50x | as long as short |
| Aster PROVEUSDT | −0.1894% | 4h | 0.2252 | −0.034% | $38K | $221K | 5x | as long as short |
| OKX PROVE-USDT-SWAP | −0.1512% | 4h | 0.2255 | +0.115% | $626K | $6.5M | 20x | as long as short |
| MEXC PROVE_USDT | −0.1498% | 4h | 0.2252 | −0.018% | $275K | $392K | 20x | as long as short |
| Binance PROVEUSDT | −0.1466% | 4h | 0.2253 | +0.048% | $3.4M | $30.6M | 75x | as long as short |
| Bitget PROVEUSDT | −0.1412% | 4h | 0.2252 | −0.018% | $634K | $3.9M | 50x | as long as short |
| Gate PROVE_USDTshort | −0.1334% | 4h | 0.2254 | +0.071% | $160K | $674K | 75x | |
| KuCoin PROVEUSDTMlong | −0.1038% | 4h | 0.2252 | long leg | $2.7M | $693K | 50x | |
| GRVT PROVE_USDT_Perp | −0.0980% | 4h | 0.2247 | −0.257% | $218K | $3.1M | 10x | as long as short |
| Hyperliquid PROVE | −0.0376% | 1h | 0.2253 | +0.049% | $320K | $721K | 3x | as long as short |
ApeX Omni PROVEUSDT
Aster PROVEUSDT
OKX PROVE-USDT-SWAP
MEXC PROVE_USDT
Binance PROVEUSDT
Bitget PROVEUSDT
GRVT PROVE_USDT_Perp
Hyperliquid PROVEShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PROVE | +0.0096% | 1h | 0.2258 | +0.226% | $37K | $178K | 3x | as long as short |
| Bybit PROVEUSDT | +0.0100% | 4h | 0.2260 | +0.337% | $2.1M | $9.0M | 25x | as long as short |
| BingX PROVE-USDT | +0.0100% | 4h | 0.2253 | +0.027% | — | $2.4M | — | as long as short |
| Variational Omni PROVE | +0.0100% | 4h | 0.2249 | −0.145% | $28K | $44K | — | as long as short |
Lighter PROVE
Bybit PROVEUSDT
BingX PROVE-USDT
Variational Omni PROVE