PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0337%/8h= +36.9% APRnext payment +$1.69 per $10,000 · paid last 24h +0.031%

Price spread now: Bitget against OKX+0.292%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1221.225% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 4 days (all we have)−0.415%−$41 · spread now +0.292%, 7d avg +0.043%

Together, before fees−0.390%−$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Bitget is 0.249% dearer against OKX than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.043%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.024% in total (about 1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.69 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	0.2396	−0.5769	get 0.2885% / 4h	2h 31m	$598K	$8.6M	20x
Short	Bitget PROVEUSDT	0.2403	−0.5432	pay 0.2716% / 4h	2h 31m	$739K	$5.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.292%Rate

Funding earned: $70.85
Price spread: +0.292% → +0.043%: $24.93
Slippage, 4 orders: −$100.47
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$26.69
Costs to cover: 1.225%
Break-even: 9.6 days

Slippage from OKX: live order book, 2 min ago; Bitget: 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 OKX live order book, 2 min ago	4.16 bp	37.3 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	8.32 bp	25.5 bp −$26	134.6 bp −$1,346	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	−0.7099%	4h	0.2412	+0.668%	$2.1M	$11.2M	25x	as long as short
Variational Omni PROVE	−0.6091%	4h	0.2431	+1.466%	$30K	$47K	—	as long as short
OKX PROVE-USDT-SWAPlong	−0.5769%	4h	0.2396	long leg	$598K	$8.6M	20x
Bitget PROVEUSDTshort	−0.5432%	4h	0.2403	+0.292%	$739K	$5.1M	50x
Aster PROVEUSDT	−0.5362%	4h	0.2409	+0.537%	$46K	$274K	5x	as long as short
Binance PROVEUSDT	−0.5342%	4h	0.2398	+0.092%	$3.5M	$37.6M	75x	as long as short
MEXC PROVE_USDT	−0.5310%	4h	0.2401	+0.209%	$276K	$415K	20x	as long as short
KuCoin PROVEUSDTM	−0.5306%	4h	0.2415	+0.785%	$2.9M	$1.1M	50x	as long as short
Gate PROVE_USDT	−0.3834%	4h	0.2409	+0.543%	$213K	$1.1M	75x	as long as short
BingX PROVE-USDT	−0.3684%	4h	0.2398	+0.083%	—	$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	−0.3538%	1h	0.2407	+0.455%	$352K	$950K	3x	as long as short
GRVT PROVE_USDT_Perp	−0.3118%	4h	0.2403	+0.296%	$223K	$2.6M	10x	as long as short
ApeX Omni PROVEUSDT	−0.2629%	1h	0.2436	+1.679%	$51K	$334K	50x	as long as short
Lighter PROVE	−0.0936%	1h	0.2421	+1.043%	$85K	$137K	3x	as long as short