Funding you earn now, next payment 00:00 UTC−0.2843%/8h= −311.3% APRnext payment −$14.21 per $10,000 · paid last 24h +0.104%
Price spread now: BingX against OKX+0.126%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$1111.111% of the position
Funding, last 7 days+0.234%+$23 on $10k
+Price spread, last 7 days−0.116%−$12 · spread now +0.126%, 7d avg +0.030%
=The price spread pays, funding is against you. BingX is 0.096% dearer against OKX than usual: you sell high and buy low (spread +0.126% now, against its 7-day average of +0.030%): +$10 on $10k if it goes back. Holding the pair costs −$85 a day in funding at the current rate, which eats that in about 3 hours. Mind the row above: over the last 7 days funding on this pair paid +0.234%, 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 0.234% in total (about 12.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$14.21 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 | 0.2389 | −0.6371 | get 0.3186% / 4h | 56m 46s | $605K | $8.1M | 20x |
| Short | BingX PROVE-USDT | 0.2392 | −0.9214 | pay 0.4607% / 4h | 56m 46s | — | $2.5M | — |
OKX PROVE-USDT-SWAP
BingX PROVE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against OKX. 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
- −$597.01
- Price spread: +0.126% → +0.030%
- $9.55
- Slippage, 4 orders
- −$91.08
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$698.53
- Costs to cover
- 1.111%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; BingX: live order book, 3 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 | 4.17 bp | 20.5 bp −$20 | 101.2 bp −$1,012 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 8.36 bp | 26.2 bp −$26 | 69.4 bp −$694 | 461.1 bp −$46.1K | 1151.4 bp −$575.7K |
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 | −0.9819% | 4h | 0.2397 | +0.335% | $2.0M | $10.1M | 25x | as long as short |
| BingX PROVE-USDTshort | −0.9214% | 4h | 0.2392 | +0.126% | — | $2.5M | — | |
| Hyperliquid PROVE | −0.7515% | 1h | 0.2388 | −0.042% | $353K | $920K | 3x | as long as short |
| Variational Omni PROVE | −0.7412% | 4h | 0.2407 | +0.740% | $27K | $45K | — | as long as short |
| Gate PROVE_USDT | −0.6902% | 4h | 0.2398 | +0.377% | $219K | $1.0M | 75x | as long as short |
| Binance PROVEUSDT | −0.6584% | 4h | 0.2387 | −0.084% | $3.4M | $36.2M | 75x | as long as short |
| MEXC PROVE_USDT | −0.6518% | 4h | 0.2384 | −0.209% | $296K | $400K | 20x | as long as short |
| GRVT PROVE_USDT_Perp | −0.6400% | 4h | 0.2398 | +0.377% | $230K | $2.5M | 10x | as long as short |
| OKX PROVE-USDT-SWAPlong | −0.6371% | 4h | 0.2389 | long leg | $605K | $8.1M | 20x | |
| Aster PROVEUSDT | −0.6112% | 4h | 0.2391 | +0.067% | $45K | $268K | 5x | as long as short |
Bybit PROVEUSDT
Hyperliquid PROVE
Variational Omni PROVE
Gate PROVE_USDT
Binance PROVEUSDT
MEXC PROVE_USDT
GRVT PROVE_USDT_Perp
Aster PROVEUSDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PROVEUSDT | −0.5806% | 4h | 0.2395 | +0.251% | $666K | $4.7M | 50x | as long as short |
| KuCoin PROVEUSDTM | −0.5602% | 4h | 0.2407 | +0.753% | $2.9M | $1.0M | 50x | as long as short |
| Lighter PROVE | −0.2944% | 1h | 0.2395 | +0.255% | $83K | $128K | 3x | as long as short |
| ApeX Omni PROVEUSDT | −0.1293% | 1h | 0.2399 | +0.400% | $52K | $333K | 50x | as long as short |
Bitget PROVEUSDT
KuCoin PROVEUSDTM
Lighter PROVE
ApeX Omni PROVEUSDT