PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0278%/8h= −30.5% APRnext payment −$1.39 per $10,000 · paid last 24h −0.046%

Price spread now: MEXC against OKX−0.042%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$780.780% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now −0.042%, 7d avg −0.026%

Together, before fees−0.014%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.026%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.066%, 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 0.066% in total (about 3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.39 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	0.2381	−0.6926	get 0.3463% / 4h	1m 27s	$607K	$8.1M	20x
Short	MEXC PROVE_USDT	0.2380	−0.7204	pay 0.3602% / 4h	1m 27s	$294K	$404K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$58.47
Price spread: −0.042% → −0.026%: −$1.63
Slippage, 4 orders: −$63.99
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$138.09
Costs to cover: 0.780%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; MEXC: live order book, 59 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	2.10 bp	32.7 bp −$33	122.7 bp −$1,227	doesn't fit	doesn't fit
Sell MEXC live order book, 59 min ago	4.17 bp	9.0 bp −$9	31.7 bp −$317	218.4 bp −$21.8K	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	−0.9687%	4h	0.2391	+0.420%	$2.1M	$10.2M	25x	as long as short
Variational Omni PROVE	−0.8183%	4h	0.2391	+0.427%	$28K	$46K	—	as long as short
Binance PROVEUSDT	−0.7212%	4h	0.2380	−0.040%	$3.4M	$36.2M	75x	as long as short
MEXC PROVE_USDTshort	−0.7204%	4h	0.2380	−0.042%	$294K	$404K	20x
Hyperliquid PROVE	−0.7014%	1h	0.2380	−0.029%	$353K	$919K	3x	as long as short
OKX PROVE-USDT-SWAPlong	−0.6926%	4h	0.2381	long leg	$607K	$8.1M	20x
Gate PROVE_USDT	−0.6748%	4h	0.2388	+0.294%	$215K	$1.0M	75x	as long as short
Aster PROVEUSDT	−0.6690%	4h	0.2390	+0.378%	$46K	$269K	5x	as long as short
GRVT PROVE_USDT_Perp	−0.6534%	4h	0.2383	+0.064%	$226K	$2.6M	10x	as long as short
Bitget PROVEUSDT	−0.6494%	4h	0.2381	0.000%	$665K	$4.7M	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PROVEUSDTM	−0.6276%	4h	0.2388	+0.311%	$2.9M	$1.1M	50x	as long as short
BingX PROVE-USDT	−0.4536%	4h	0.2386	+0.210%	—	$2.5M	—	as long as short
ApeX Omni PROVEUSDT	−0.3393%	1h	0.2379	−0.084%	$52K	$333K	50x	as long as short
Lighter PROVE	−0.2688%	1h	0.2388	+0.281%	$83K	$132K	3x	as long as short