PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0294%/8h= −32.2% APRnext payment −$1.47 per $10,000 · paid last 24h −0.045%

Price spread now: Binance against OKX−0.084%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1071.065% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 7 days+0.012%+$1 · spread now −0.084%, 7d avg −0.041%

Together, before fees+0.078%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Binance is 0.043% cheaper against OKX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.041%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.066%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.066% in total (about 3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.47 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	OKX PROVE-USDT-SWAP	0.2383	−0.6868	get 0.3434% / 4h	6m 51s	$608K	$8.1M	20x
Short	Binance PROVEUSDT	0.2381	−0.7162	pay 0.3581% / 4h	6m 51s	$3.4M	$36.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −0.084%Rate

Funding earned: −$61.8
Price spread: −0.084% → −0.041%: −$4.26
Slippage, 4 orders: −$86.53
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$172.59
Costs to cover: 1.065%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Binance: 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 OKX live order book, 1 min ago	4.19 bp	30.3 bp −$30	106.8 bp −$1,068	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	2.10 bp	20.6 bp −$21	79.2 bp −$792	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	−0.9767%	4h	0.2392	+0.378%	$2.1M	$10.2M	25x	as long as short
BingX PROVE-USDT	−0.9298%	4h	0.2386	+0.126%	—	$2.5M	—	as long as short
Variational Omni PROVE	−0.8192%	4h	0.2387	+0.174%	$28K	$46K	—	as long as short
Binance PROVEUSDTshort	−0.7162%	4h	0.2381	−0.084%	$3.4M	$36.2M	75x
MEXC PROVE_USDT	−0.7162%	4h	0.2381	−0.084%	$294K	$403K	20x	as long as short
Hyperliquid PROVE	−0.7061%	1h	0.2383	0.000%	$353K	$919K	3x	as long as short
OKX PROVE-USDT-SWAPlong	−0.6868%	4h	0.2383	long leg	$608K	$8.1M	20x
Gate PROVE_USDT	−0.6742%	4h	0.2388	+0.210%	$215K	$1.0M	75x	as long as short
Aster PROVEUSDT	−0.6635%	4h	0.2390	+0.294%	$46K	$269K	5x	as long as short
GRVT PROVE_USDT_Perp	−0.6526%	4h	0.2390	+0.294%	$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	−0.6460%	4h	0.2382	−0.042%	$666K	$4.7M	50x	as long as short
KuCoin PROVEUSDTM	−0.6230%	4h	0.2387	+0.189%	$2.9M	$1.1M	50x	as long as short
ApeX Omni PROVEUSDT	−0.2995%	1h	0.2387	+0.172%	$52K	$333K	50x	as long as short
Lighter PROVE	−0.2752%	1h	0.2391	+0.327%	$83K	$132K	3x	as long as short