PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1038%/8h= +113.7% APRnext payment +$5.19 per $10,000 · paid last 24h +0.284%

Price spread now: BingX against MEXC+0.300%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$800.797% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.301%+$30 on $10k

Price spread, last 4 days (all we have)−0.300%−$30 · spread now +0.300%, 7d avg +0.077%

Together, before fees+0.001%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and BingX is 0.223% dearer against MEXC than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.077%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.301% in total (about 15.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.19 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	MEXC PROVE_USDT	0.2333	−0.3700	get 0.1850% / 4h	50m 57s	$278K	$415K	20x
Short	BingX PROVE-USDT	0.2340	−0.2662	pay 0.1331% / 4h	50m 57s	—	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now +0.300%Rate

Funding earned: $217.98
Price spread: +0.300% → +0.077%: $22.34
Slippage, 4 orders: −$65.72
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: $160.6
Costs to cover: 0.797%
Break-even: 1.8 days

Slippage from MEXC: live order book, 55 min ago; BingX: live order book, 14 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 MEXC live order book, 55 min ago	4.28 bp	12.5 bp −$12	54.4 bp −$544	232.9 bp −$23.3K	doesn't fit
Sell BingX live order book, 14 min ago	8.54 bp	24.8 bp −$25	77.9 bp −$779	723.8 bp −$72.4K	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	−0.4008%	4h	0.2341	+0.343%	$2.2M	$11.5M	25x	as long as short
OKX PROVE-USDT-SWAP	−0.3991%	4h	0.2334	+0.043%	$614K	$8.5M	20x	as long as short
Aster PROVEUSDT	−0.3892%	4h	0.2340	+0.300%	$46K	$275K	5x	as long as short
Bitget PROVEUSDT	−0.3802%	4h	0.2342	+0.386%	$715K	$5.1M	50x	as long as short
MEXC PROVE_USDTlong	−0.3700%	4h	0.2333	long leg	$278K	$415K	20x
Binance PROVEUSDT	−0.3661%	4h	0.2333	+0.003%	$3.5M	$37.9M	75x	as long as short
KuCoin PROVEUSDTM	−0.3498%	4h	0.2342	+0.399%	$2.8M	$1.2M	50x	as long as short
Gate PROVE_USDT	−0.3118%	4h	0.2340	+0.300%	$202K	$1.1M	75x	as long as short
GRVT PROVE_USDT_Perp	−0.3012%	4h	0.2343	+0.422%	$218K	$2.8M	10x	as long as short
Variational Omni PROVE	−0.2972%	4h	0.2342	+0.368%	$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-USDTshort	−0.2662%	4h	0.2340	+0.300%	—	$2.5M	—
ApeX Omni PROVEUSDT	−0.2340%	1h	0.2341	+0.341%	$49K	$335K	50x	as long as short
Hyperliquid PROVE	−0.1079%	1h	0.2335	+0.090%	$338K	$948K	3x	as long as short
Lighter PROVE	+0.0096%	1h	0.2343	+0.416%	$82K	$140K	3x	as long as short