PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0678%/8h= +74.2% APRnext payment +$3.39 per $10,000 · paid last 24h +0.054%

Price spread now: KuCoin against OKX+0.038%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$221as in the Funding arb table

Net, price: spread back to 7d avg − costs−$199as in the Price arb table

costs, in and out, $10k−$2002.001% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.205%−$21 on $10k

Price spread, last 7 days+0.008%+$1 · spread now +0.038%, 7d avg +0.030%

Together, before fees−0.197%−$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: +$20 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.205%, 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 -0.205% in total (about -10.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.39 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	0.2395	−0.6480	get 0.3240% / 4h	47m 24s	$609K	$8.2M	20x
Short	KuCoin PROVEUSDTM	0.2396	−0.5802	pay 0.2901% / 4h	47m 24s	$2.9M	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.038%Rate

Funding earned: $142.31
Price spread: +0.038% → +0.030%: $0.71
Slippage, 4 orders: −$178.06
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$57.04
Costs to cover: 2.001%
Break-even: 9.8 days

Slippage from OKX: live order book, 6 min ago; KuCoin: live order book, 10 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, 6 min ago	4.18 bp	29.8 bp −$30	116.8 bp −$1,168	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	11.92 bp	63.0 bp −$63	400.7 bp −$4,007	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	−0.9988%	4h	0.2405	+0.418%	$2.0M	$10.1M	25x	as long as short
BingX PROVE-USDT	−0.9460%	4h	0.2396	+0.042%	—	$2.5M	—	as long as short
Hyperliquid PROVE	−0.7688%	1h	0.2394	−0.025%	$356K	$923K	3x	as long as short
Variational Omni PROVE	−0.7665%	4h	0.2401	+0.238%	$28K	$46K	—	as long as short
Gate PROVE_USDT	−0.6940%	4h	0.2398	+0.125%	$219K	$1.0M	75x	as long as short
Binance PROVEUSDT	−0.6741%	4h	0.2392	−0.114%	$3.4M	$36.2M	75x	as long as short
MEXC PROVE_USDT	−0.6716%	4h	0.2396	+0.042%	$295K	$401K	20x	as long as short
GRVT PROVE_USDT_Perp	−0.6514%	4h	0.2395	−0.007%	$233K	$2.5M	10x	as long as short
OKX PROVE-USDT-SWAPlong	−0.6480%	4h	0.2395	long leg	$609K	$8.2M	20x
Aster PROVEUSDT	−0.6257%	4h	0.2395	+0.012%	$45K	$268K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PROVEUSDT	−0.5976%	4h	0.2396	+0.042%	$665K	$4.7M	50x	as long as short
KuCoin PROVEUSDTMshort	−0.5802%	4h	0.2396	+0.038%	$2.9M	$1.0M	50x
Lighter PROVE	−0.3544%	1h	0.2401	+0.255%	$84K	$128K	3x	as long as short
ApeX Omni PROVEUSDT	+0.0100%	1h	0.2404	+0.365%	$52K	$332K	50x	as long as short