PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0692%/8h= −75.8% APRnext payment −$3.46 per $10,000 · paid last 24h +0.159%

Price spread now: KuCoin against MEXC−0.075%7-day average +0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1211.208% of the position

Long on MEXC Short on KuCoin

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)−0.009%−$1 · spread now −0.075%, 7d avg +0.073%

Together, before fees−0.218%−$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and KuCoin is 0.148% cheaper against MEXC than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.073%). Swap the legs.

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 −$3.46 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	MEXC PROVE_USDT	0.2272	−0.1068	get 0.0534% / 4h	48m 15s	$309K	$373K	20x
Short	KuCoin PROVEUSDTM	0.2270	−0.1760	pay 0.0880% / 4h	48m 15s	$2.7M	$752K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.075%Rate

Funding earned: −$145.32
Price spread: −0.075% → +0.073%: −$14.83
Slippage, 4 orders: −$104.84
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$280.99
Costs to cover: 1.208%
Break-even: never at this rate

Slippage from MEXC: live order book, 49 min ago; KuCoin: 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, 49 min ago	2.17 bp	6.7 bp −$7	37.4 bp −$374	231.5 bp −$23.2K	doesn't fit
Sell KuCoin live order book, 2 min ago	6.60 bp	68.0 bp −$68	403.2 bp −$4,032	doesn't fit	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	−0.1892%	1h	0.2276	+0.176%	$29K	$304K	50x	as long as short
KuCoin PROVEUSDTMshort	−0.1760%	4h	0.2270	−0.075%	$2.7M	$752K	50x
Bitget PROVEUSDT	−0.1728%	4h	0.2271	−0.044%	$608K	$3.4M	50x	as long as short
Gate PROVE_USDT	−0.1722%	4h	0.2273	+0.044%	$148K	$695K	75x	as long as short
Aster PROVEUSDT	−0.1524%	4h	0.2271	−0.044%	$38K	$169K	5x	as long as short
OKX PROVE-USDT-SWAP	−0.1400%	4h	0.2271	−0.044%	$645K	$6.3M	20x	as long as short
Bybit PROVEUSDT	−0.1135%	4h	0.2277	+0.220%	$2.0M	$8.6M	25x	as long as short
MEXC PROVE_USDTlong	−0.1068%	4h	0.2272	long leg	$309K	$373K	20x
Binance PROVEUSDT	−0.1066%	4h	0.2272	0.000%	$3.4M	$28.5M	75x	as long as short
Hyperliquid PROVE	−0.0869%	1h	0.2272	0.000%	$314K	$656K	3x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PROVE-USDT	−0.0742%	4h	0.2274	+0.088%	—	$2.4M	—	as long as short
GRVT PROVE_USDT_Perp	−0.0714%	4h	0.2275	+0.147%	$215K	$4.0M	10x	as long as short
Variational Omni PROVE	+0.0024%	4h	0.2277	+0.238%	$19K	$52K	—	as long as short
Lighter PROVE	+0.0096%	1h	0.2272	0.000%	$35K	$118K	3x	as long as short