PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0664%/8h= +72.7% APRnext payment +$3.32 per $10,000 · paid last 24h −0.159%

Price spread now: MEXC against KuCoin−0.057%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1271.272% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.208%+$21 on $10k

Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.057%, 7d avg −0.073%

Together, before fees+0.334%+$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.073%, so right now this pair is about funding alone: +$20 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.208% in total (about 10.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.32 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PROVEUSDTM	0.2299	−0.1576	get 0.0788% / 4h	1h 28m	$2.7M	$752K	50x
Short	MEXC PROVE_USDT	0.2298	−0.0912	pay 0.0456% / 4h	1h 28m	$312K	$377K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.057%Rate

Funding earned: $139.44
Price spread: −0.057% → −0.073%: $1.66
Slippage, 4 orders: −$111.16
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: $13.93
Costs to cover: 1.272%
Break-even: 6.3 days

Slippage from KuCoin: live order book, 11 min ago; MEXC: live order book, 8 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, 11 min ago	6.49 bp	38.3 bp −$38	357.3 bp −$3,573	doesn't fit	doesn't fit
Sell MEXC live order book, 8 min ago	2.17 bp	10.8 bp −$11	41.6 bp −$416	228.6 bp −$22.9K	doesn't fit

PROVE on 14 exchanges

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	−0.2294%	1h	0.2301	+0.074%	$31K	$305K	50x	as long as short
Gate PROVE_USDT	−0.1602%	4h	0.2301	+0.074%	$150K	$696K	75x	as long as short
KuCoin PROVEUSDTMlong	−0.1576%	4h	0.2299	long leg	$2.7M	$752K	50x
Bitget PROVEUSDT	−0.1462%	4h	0.2301	+0.074%	$617K	$3.4M	50x	as long as short
Aster PROVEUSDT	−0.1301%	4h	0.2297	−0.080%	$39K	$169K	5x	as long as short
OKX PROVE-USDT-SWAP	−0.0992%	4h	0.2299	−0.013%	$660K	$6.4M	20x	as long as short
Binance PROVEUSDT	−0.0915%	4h	0.2299	−0.013%	$3.5M	$28.6M	75x	as long as short
MEXC PROVE_USDTshort	−0.0912%	4h	0.2298	−0.057%	$312K	$377K	20x
Hyperliquid PROVE	−0.0838%	1h	0.2300	+0.016%	$315K	$663K	3x	as long as short
Bybit PROVEUSDT	−0.0782%	4h	0.2304	+0.204%	$2.1M	$8.6M	25x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT PROVE_USDT_Perp	−0.0622%	4h	0.2301	+0.064%	$221K	$3.9M	10x	as long as short
BingX PROVE-USDT	−0.0474%	4h	0.2301	+0.074%	—	$2.4M	—	as long as short
Lighter PROVE	+0.0096%	1h	0.2301	+0.078%	$36K	$118K	3x	as long as short
Variational Omni PROVE	+0.0100%	4h	0.2303	+0.159%	$20K	$52K	—	as long as short