PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0449%/8h= +49.2% APRnext payment +$2.25 per $10,000 · paid last 24h +0.018%

Price spread now: GRVT against OKX0.000%7-day average +0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1371.365% of the position

Long on OKX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.158%+$16 on $10k

Price spread, last 7 days−0.009%−$1 · spread now 0.000%, 7d avg +0.067%

Together, before fees+0.149%+ Points / potential airdropGRVT: Active · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.067% cheaper against OKX than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.067%). If the spread goes back, that is −$7 on $10k: about 12 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.158% in total) that is about 3.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.158% in total (about 8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.25 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	0.2313	−0.2569	get 0.1285% / 4h	0m 52s	$628K	$8.4M	20x
Short	GRVT PROVE_USDT_Perp	0.2313	−0.2120	pay 0.1060% / 4h	0m 52s	$223K	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now 0.000%Rate

Funding earned: $94.37
Price spread: 0.000% → +0.067%: −$6.73
Slippage, 4 orders: −$117.51
Fee OKX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$48.87
Costs to cover: 1.365%
Break-even: 10.6 days

Slippage from OKX: live order book, 2 min ago; GRVT: 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, 2 min ago	4.32 bp	26.9 bp −$27	94.7 bp −$947	doesn't fit	doesn't fit
Sell GRVT live order book, 3 min ago	6.48 bp	46.3 bp −$46	126.1 bp −$1,261	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
OKX PROVE-USDT-SWAPlong	−0.2569%	4h	0.2313	long leg	$628K	$8.4M	20x
Aster PROVEUSDT	−0.2559%	4h	0.2319	+0.260%	$46K	$274K	5x	as long as short
MEXC PROVE_USDT	−0.2544%	4h	0.2311	−0.086%	$302K	$423K	20x	as long as short
Bitget PROVEUSDT	−0.2544%	4h	0.2310	−0.130%	$679K	$5.2M	50x	as long as short
Binance PROVEUSDT	−0.2514%	4h	0.2310	−0.130%	$3.4M	$37.9M	75x	as long as short
Bybit PROVEUSDT	−0.2492%	4h	0.2318	+0.216%	$2.1M	$11.5M	25x	as long as short
KuCoin PROVEUSDTM	−0.2202%	4h	0.2314	+0.039%	$2.8M	$1.1M	50x	as long as short
ApeX Omni PROVEUSDT	−0.2157%	1h	0.2311	−0.078%	$49K	$335K	50x	as long as short
Gate PROVE_USDT	−0.2120%	4h	0.2313	0.000%	$197K	$1.1M	75x	as long as short
GRVT PROVE_USDT_Perpshort	−0.2120%	4h	0.2313	0.000%	$223K	$2.9M	10x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PROVE-USDT	−0.1786%	4h	0.2314	+0.043%	—	$2.5M	—	as long as short
Variational Omni PROVE	−0.1148%	4h	0.2318	+0.220%	$28K	$47K	—	as long as short
Hyperliquid PROVE	−0.1035%	1h	0.2311	−0.078%	$341K	$955K	3x	as long as short
Lighter PROVE	+0.0096%	1h	0.2318	+0.229%	$82K	$142K	3x	as long as short