PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.2591%/8h= −283.7% APRnext payment −$12.95 per $10,000 · paid last 24h −0.154%

Price spread now: Bybit against MEXC+0.504%7-day average +0.168% · you sell dearer than you buy

Net, funding: paid 7d − costs−$137as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$880.880% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.490%−$49 on $10k

Price spread, last 4 days (all we have)−0.236%−$24 · spread now +0.504%, 7d avg +0.168%

Together, before fees−0.725%−$73 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.336% dearer against MEXC than usual: you sell high and buy low (spread +0.504% now, against its 7-day average of +0.168%): +$34 on $10k if it goes back. Holding the pair costs −$78 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.490% in total) that is about 4.8 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.490% in total (about -25.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$12.95 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	0.2380	−0.7162	get 0.3581% / 4h	6m 28s	$294K	$403K	20x
Short	Bybit PROVEUSDT	0.2392	−0.9753	pay 0.4876% / 4h	6m 28s	$2.1M	$10.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpOrdersPrice spread, now +0.504%Rate

Funding earned: −$544.09
Price spread: +0.504% → +0.168%: $33.62
Slippage, 4 orders: −$73.05
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$598.53
Costs to cover: 0.880%
Break-even: never at this rate

Slippage from MEXC: live order book, 54 min ago; Bybit: live order book, 2 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, 54 min ago	4.17 bp	11.0 bp −$11	32.7 bp −$327	191.3 bp −$19.1K	doesn't fit
Sell Bybit live order book, 2 min ago	6.26 bp	32.7 bp −$33	131.9 bp −$1,319	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 PROVEUSDTshort	−0.9753%	4h	0.2392	+0.504%	$2.1M	$10.2M	25x
BingX PROVE-USDT	−0.9298%	4h	0.2386	+0.252%	—	$2.5M	—	as long as short
Variational Omni PROVE	−0.8192%	4h	0.2387	+0.301%	$28K	$46K	—	as long as short
Binance PROVEUSDT	−0.7166%	4h	0.2381	+0.042%	$3.4M	$36.2M	75x	as long as short
MEXC PROVE_USDTlong	−0.7162%	4h	0.2380	long leg	$294K	$403K	20x
Hyperliquid PROVE	−0.7060%	1h	0.2382	+0.105%	$353K	$919K	3x	as long as short
OKX PROVE-USDT-SWAP	−0.6868%	4h	0.2381	+0.042%	$608K	$8.1M	20x	as long as short
Gate PROVE_USDT	−0.6742%	4h	0.2388	+0.336%	$215K	$1.0M	75x	as long as short
Aster PROVEUSDT	−0.6642%	4h	0.2390	+0.420%	$46K	$269K	5x	as long as short
GRVT PROVE_USDT_Perp	−0.6526%	4h	0.2390	+0.420%	$222K	$2.5M	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PROVEUSDT	−0.6468%	4h	0.2382	+0.084%	$666K	$4.7M	50x	as long as short
KuCoin PROVEUSDTM	−0.6238%	4h	0.2387	+0.277%	$2.9M	$1.1M	50x	as long as short
ApeX Omni PROVEUSDT	−0.2995%	1h	0.2387	+0.298%	$52K	$333K	50x	as long as short
Lighter PROVE	−0.2720%	1h	0.2389	+0.382%	$83K	$132K	3x	as long as short