PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1256%/8h= +137.5% APRnext payment +$6.28 per $10,000 · paid last 24h +0.043%

Price spread now: Gate against MEXC+0.421%7-day average +0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$1061.063% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)−0.348%−$35 · spread now +0.421%, 7d avg +0.109%

Together, before fees−0.376%−$38 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$38 a day on $10k at the current rate, and Gate is 0.312% dearer against MEXC than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of +0.109%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.029% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.28 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	0.2375	−0.5342	get 0.2671% / 4h	2h 30m	$273K	$415K	20x
Short	Gate PROVE_USDT	0.2385	−0.4086	pay 0.2043% / 4h	2h 30m	$210K	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.421%Rate

Funding earned: $263.76
Price spread: +0.421% → +0.109%: $31.19
Slippage, 4 orders: −$87.33
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $188.62
Costs to cover: 1.063%
Break-even: 2.0 days

Slippage from MEXC: live order book, 21 min ago; Gate: 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, 21 min ago	4.27 bp	12.3 bp −$12	42.9 bp −$429	232.0 bp −$23.2K	doesn't fit
Sell Gate live order book, 2 min ago	8.29 bp	38.8 bp −$39	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
Bybit PROVEUSDT	−0.7343%	4h	0.2386	+0.463%	$2.1M	$11.2M	25x	as long as short
Variational Omni PROVE	−0.6368%	4h	0.2421	+1.921%	$30K	$47K	—	as long as short
OKX PROVE-USDT-SWAP	−0.5781%	4h	0.2376	+0.042%	$621K	$8.6M	20x	as long as short
Bitget PROVEUSDT	−0.5458%	4h	0.2371	−0.168%	$729K	$5.1M	50x	as long as short
Aster PROVEUSDT	−0.5384%	4h	0.2384	+0.379%	$46K	$274K	5x	as long as short
Binance PROVEUSDT	−0.5378%	4h	0.2376	+0.042%	$3.5M	$37.7M	75x	as long as short
MEXC PROVE_USDTlong	−0.5342%	4h	0.2375	long leg	$273K	$415K	20x
KuCoin PROVEUSDTM	−0.5332%	4h	0.2381	+0.257%	$2.9M	$1.1M	50x	as long as short
Gate PROVE_USDTshort	−0.4086%	4h	0.2385	+0.421%	$210K	$1.1M	75x
BingX PROVE-USDT	−0.3696%	4h	0.2377	+0.084%	—	$2.5M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PROVE	−0.3691%	1h	0.2381	+0.259%	$350K	$951K	3x	as long as short
GRVT PROVE_USDT_Perp	−0.3118%	4h	0.2403	+1.183%	$223K	$2.6M	10x	as long as short
ApeX Omni PROVEUSDT	−0.2629%	1h	0.2436	+2.578%	$51K	$334K	50x	as long as short
Lighter PROVE	−0.1136%	1h	0.2388	+0.547%	$84K	$139K	3x	as long as short