Funding you earn now, next payment 00:00 UTC+0.0710%/8h= +77.7% APRnext payment +$3.55 per $10,000 · paid last 24h +0.055%
Price spread now: Bitget against MEXC−0.042%7-day average +0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$730.734% of the position
Funding, last 7 days−0.063%−$6 on $10k
+Price spread, last 4 days (all we have)−0.007%−$1 · spread now −0.042%, 7d avg +0.073%
=Funding pays, the price is against you. Bitget is 0.114% cheaper against MEXC than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of +0.073%). If the spread goes back, that is −$11 on $10k: about 13 hours of funding at the current rate (+$21 a day). Mind the row above: over the last 7 days funding on this pair cost −0.063%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.063% in total (about -3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.55 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 | MEXC PROVE_USDT | 0.2390 | −0.7164 | get 0.3582% / 4h | 8m 21s | $295K | $403K | 20x |
| Short | Bitget PROVEUSDT | 0.2389 | −0.6454 | pay 0.3227% / 4h | 8m 21s | $668K | $4.7M | 50x |
MEXC PROVE_USDT
Bitget PROVEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against MEXC. 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
- $149.1
- Price spread: −0.042% → +0.073%
- −$11.45
- Slippage, 4 orders
- −$57.39
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $64.27
- Costs to cover
- 0.734%
- Break-even
- 4.0 days
Slippage from MEXC: live order book, 52 min ago; Bitget: live order book, 5 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, 52 min ago | 4.17 bp | 11.0 bp −$11 | 32.7 bp −$327 | 191.3 bp −$19.1K | doesn't fit |
| Sell Bitget live order book, 5 min ago | 4.20 bp | 25.4 bp −$25 | 91.5 bp −$915 | 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 | −0.9781% | 4h | 0.2398 | +0.335% | $2.1M | $10.2M | 25x | as long as short |
| BingX PROVE-USDT | −0.9346% | 4h | 0.2391 | +0.042% | — | $2.5M | — | as long as short |
| Variational Omni PROVE | −0.8192% | 4h | 0.2387 | −0.119% | $28K | $46K | — | as long as short |
| MEXC PROVE_USDTlong | −0.7164% | 4h | 0.2390 | long leg | $295K | $403K | 20x | |
| Binance PROVEUSDT | −0.7162% | 4h | 0.2389 | −0.036% | $3.5M | $36.2M | 75x | as long as short |
| Hyperliquid PROVE | −0.7070% | 1h | 0.2391 | +0.021% | $355K | $918K | 3x | as long as short |
| OKX PROVE-USDT-SWAP | −0.6861% | 4h | 0.2390 | 0.000% | $610K | $8.2M | 20x | as long as short |
| Gate PROVE_USDT | −0.6750% | 4h | 0.2390 | 0.000% | $215K | $1.0M | 75x | as long as short |
| Aster PROVEUSDT | −0.6643% | 4h | 0.2390 | +0.016% | $46K | $269K | 5x | as long as short |
| GRVT PROVE_USDT_Perp | −0.6520% | 4h | 0.2381 | −0.392% | $221K | $2.5M | 10x | as long as short |
Bybit PROVEUSDT
BingX PROVE-USDT
Variational Omni PROVE
Binance PROVEUSDT
Hyperliquid PROVE
OKX PROVE-USDT-SWAP
Gate PROVE_USDT
Aster PROVEUSDT
GRVT PROVE_USDT_PerpShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PROVEUSDTshort | −0.6454% | 4h | 0.2389 | −0.042% | $668K | $4.7M | 50x | |
| KuCoin PROVEUSDTM | −0.6224% | 4h | 0.2395 | +0.209% | $2.9M | $1.1M | 50x | as long as short |
| ApeX Omni PROVEUSDT | −0.2776% | 1h | 0.2381 | −0.378% | $52K | $333K | 50x | as long as short |
| Lighter PROVE | −0.2752% | 1h | 0.2397 | +0.280% | $83K | $132K | 3x | as long as short |
KuCoin PROVEUSDTM
ApeX Omni PROVEUSDT
Lighter PROVE