PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1108%/8h= +121.4% APRnext payment +$5.54 per $10,000 · paid last 24h −0.337%

Price spread now: Bybit against OKX+0.211%7-day average +0.123% · you sell dearer than you buy

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$1081.082% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.554%−$55 on $10k

Price spread, last 7 days−0.157%−$16 · spread now +0.211%, 7d avg +0.123%

Together, before fees−0.712%−$71 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Bybit is 0.088% dearer against OKX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.123%. Mind the row above: over the last 7 days funding on this pair cost −0.554%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.554% in total (about -28.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.54 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	0.2372	−0.6296	get 0.3148% / 4h	3h 17m	$617K	$8.3M	20x
Short	Bybit PROVEUSDT	0.2377	−0.5188	pay 0.2594% / 4h	3h 17m	$2.2M	$10.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.211%Rate

Funding earned: $232.78
Price spread: +0.211% → +0.123%: $8.81
Slippage, 4 orders: −$87.24
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $133.35
Costs to cover: 1.082%
Break-even: 3.0 days

Slippage from OKX: live order book, 5 min ago; Bybit: live order book, 6 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, 5 min ago	4.24 bp	25.4 bp −$25	101.2 bp −$1,012	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	4.22 bp	24.4 bp −$24	121.7 bp −$1,217	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
Variational Omni PROVE	−0.7258%	4h	0.2361	−0.480%	$29K	$47K	—	as long as short
MEXC PROVE_USDT	−0.6522%	4h	0.2373	+0.042%	$295K	$409K	20x	as long as short
Binance PROVEUSDT	−0.6478%	4h	0.2373	+0.048%	$3.4M	$36.8M	75x	as long as short
OKX PROVE-USDT-SWAPlong	−0.6296%	4h	0.2372	long leg	$617K	$8.3M	20x
Aster PROVEUSDT	−0.6223%	4h	0.2372	+0.002%	$48K	$271K	5x	as long as short
Bitget PROVEUSDT	−0.5960%	4h	0.2373	+0.042%	$759K	$4.9M	50x	as long as short
KuCoin PROVEUSDTM	−0.5794%	4h	0.2373	+0.042%	$2.9M	$1.1M	50x	as long as short
ApeX Omni PROVEUSDT	−0.5243%	1h	0.2356	−0.675%	$50K	$334K	50x	as long as short
Bybit PROVEUSDTshort	−0.5188%	4h	0.2377	+0.211%	$2.2M	$10.7M	25x
Hyperliquid PROVE	−0.3766%	1h	0.2376	+0.164%	$353K	$928K	3x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PROVE-USDT	−0.3612%	4h	0.2375	+0.126%	—	$2.5M	—	as long as short
Gate PROVE_USDT	−0.3542%	4h	0.2376	+0.169%	$207K	$1.0M	75x	as long as short
GRVT PROVE_USDT_Perp	−0.3180%	4h	0.2358	−0.590%	$226K	$2.6M	10x	as long as short
Lighter PROVE	−0.0192%	1h	0.2381	+0.367%	$84K	$132K	3x	as long as short