PROVE Funding Rate — live across 10 venues

Perpetual funding · compared across 10 venues · net of estimated fees · updated every few minutes

Live annualized PROVE perpetual funding across all 10 venues Perpia tracks. Right now PROVE funding is positive on 7 and negative on 3, ranging from +10.9% on MEXC to -25.6% on KuCoin — a spread of 36.6%. The widest delta-neutral trade is long KuCoin / short MEXC at 32.4% net APR.

10venues

7paying positive

36.6%funding spread

Best PROVE spread now

32.4%

net APR after fees

LongKuCoin↗→ShortMEXC↗

size depends on live venue depth — see the real cap in the scanner

PROVE funding trend & liquidity

168h of history

36.6%current gross APR

78.9%24h average

35.8%7-day average

$232Kpair OI · lower leg

$34K24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

PROVE · KuCoin → MEXC — no history

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Build a route

any two of the 10 venues

Long (pays you)every 4hShort (you collect)every 4h

Gross spread+36.6%+$10.02 / day on $10,000

Widest routes

This is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.

Venues: pick the two legs

sorted by rate · 10 venues

Venue	Funding APR ↓	Interval
MEXC↗short	+10.9%	every 4h
OKX↗	+10.9%	every 4h
Binance↗	+10.9%	every 4h
Bitget↗	+10.9%	every 4h
Gate.io↗	+10.9%	every 4h
Hyperliquid↗	+10.9%	every 1h
Lighter↗	+10.5%	every 8h
below — these venues pay the longs: this is the leg you buy
Bybit↗	−10.6%	every 4h
BingX↗	−12.7%	every 4h
KuCoin↗long	−25.6%	every 4h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the KuCoin vs MEXC page. 23 pairs scanned for PROVE.

PROVE arbitrage — 30-day backtest

long KuCoin · short MEXC

12.1%backtested APR

+$99historical net P&L on $10,000

0.16%max drawdown

$10,000$10,099

30 days agostarting capital $10,000today

Over the last 30 days, holding long KuCoin / short MEXC would have produced 12.1% APR — versus the 32.4% the live spread implies right now (equity $10,000 → $10,099). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

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PROVE — FAQ

Is PROVE funding positive right now?

PROVE perpetual funding is positive on 7 of 10 venues Perpia tracks and negative on 3. The highest is +10.9% on MEXC; the lowest is -25.6% on KuCoin.

What is the best PROVE funding arbitrage right now?

Go long KuCoin and short MEXC for about 32.4% net APR after fees — the widest delta-neutral PROVE spread Perpia currently sees.

Which exchange has the highest PROVE funding rate?

MEXC, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.

How PROVE funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to PROVE

also quoted on both KuCoin and MEXC

The same two exchanges you would already have funded for the PROVE trade. Every spread between them is on the KuCoin vs MEXC page.

Open the live scanner →All funding rates Funding by exchange How we calculate this