Long on Hyperliquid · PROVE
Receives
0.39USD equivalent
10 000.00 USD × -0.003885% per 1 h
PROVE Funding Rates
Funding is a payment between long and short holders of a perpetual contract.
At a positive rate, longs pay shorts
At a negative rate, shorts pay longs
- Exchanges with current rates
- 10
- Range normalized to 8 hours
-
-0.031076% → +0.010000%
- Where the selected side receives funding
- Long: 4 of 10
- Hyperliquid · PROVE, -0.031076% per 8 h
As of 13.11.2026, the PROVE perpetual funding rate on Hyperliquid is -0.004% per settlement period, or -34.0% annualized.
Calculate one funding payment
One settlement calculated from the displayed rate and position notional. Trading fees and profit or loss from price changes are calculated separately.
Compare current funding rates
Rows are ordered by the payment to the selected side over the same eight hours. The original rate and single payment apply to each contract’s own interval.
| Exchange / contract | Rate per interval | Interval | 8-hour equivalent | One payment, USD | Next settlement | Open interest, USD | 24-hour volume, USD | Open exchange |
|---|---|---|---|---|---|---|---|---|
| HyperliquidPROVE | -0.003885% | 1 h | -0.031076% | Receives 0.39, best payment | 158 226 | 77 542 | Open Hyperliquid | |
| KuCoinPROVEUSDTM | -0.009900% | 4 h | -0.019800% | Receives 0.99 | 1 214 479 | 43 811 | Open KuCoin | |
| AsterPROVEUSDT | -0.006336% | 4 h | -0.012672% | Receives 0.63 | 11 688 | Open Aster | ||
| BitgetPROVEUSDT | -0.001100% | 4 h | -0.002200% | Receives 0.11 | 382 804 | 40 314 | Open Bitget | |
| Gate.ioPROVE_USDT | +0.004100% | 4 h | +0.008200% | Pays 0.41 | 40 845 | 21 730 | Open Gate.io | |
| BinancePROVEUSDT | +0.005000% | 4 h | +0.010000% | Pays 0.50 | 1 947 085 | Open Binance | ||
| BingXPROVE-USDT | +0.005000% | 4 h | +0.010000% | Pays 0.50 | 697 852 | Open BingX | ||
| BybitPROVEUSDT | +0.005000% | 4 h | +0.010000% | Pays 0.50 | 977 609 | 467 187 | Open Bybit | |
| MEXCPROVE_USDT | +0.005000% | 4 h | +0.010000% | Pays 0.50 | 84 716 | 117 410 | Open MEXC | |
| OKXPROVE-USDT-SWAP | +0.005000% | 4 h | +0.010000% | Pays 0.50 | 312 007 | 242 965 | Open OKX | |
Latest completed settlements
These payments have already settled. They are separate from the current-rate comparison.
| Exchange / contract | Rate per interval | Interval | One payment, USD | Settlement time | Open interest, USD | 24-hour volume, USD |
|---|---|---|---|---|---|---|
| GRVTPROVE_USDT_Perp | +0.005000% | 4 h | Pays 0.50 | 452 638 | ||
PROVE funding payments by venue
| Venue | 24 hours12.11 16:00 — 13.11 16:00 UTC | 7 days06.11 00:00 — 13.11 00:00 UTC |
|---|---|---|
| Hyperliquid | -0.007681% Receives 0.77 USDC24 settlements 12.11 18:00 — 13.11 18:00 UTC | -0.010954% Receives 1.10 USDC168 settlements |
| KuCoin | +0.027300% Pays 2.73 USDT6 settlements 12.11 08:00 — 13.11 08:00 UTC | -0.144700% Receives 14.47 USDT42 settlements |
| Aster | -0.008565% Receives 0.86 USDT6 settlements | +0.159813% Pays 15.98 USDT42 settlements |
| Bybit | +0.030000% Pays 3.00 USDT6 settlements 12.11 12:00 — 13.11 12:00 UTC | -0.067269% Receives 6.73 USDT42 settlements |
| OKX | +0.029326% Pays 2.93 USDT6 settlements | +0.045571% Pays 4.56 USDT42 settlements |
| MEXC | +0.025300% Pays 2.53 USDT6 settlements | +0.182500% Pays 18.25 USDT42 settlements |
| BingX | +0.030000% Pays 3.00 USDT6 settlements | +0.210000% Pays 21.00 USDT42 settlements |
| Binance | +0.025310% Pays 2.53 USDT6 settlements | +0.183179% Pays 18.32 USDT42 settlements |
| Gate.io | +0.017000% Pays 1.70 USDT6 settlements | +0.075800% Pays 7.58 USDT42 settlements |
| Bitget | +0.029500% Pays 2.95 USDT6 settlements 12.11 12:00 — 13.11 12:00 UTC | +0.175200% Pays 17.52 USDT42 settlements |
Settlements on other venues over 24 hours and 7 days
Venues not listed in the table above. The sum of published settlement rates for each contract; payments are USD equivalents for a 10 000.00 USD notional and the selected direction.
| Venue | 24 hours12.11 20:00 — 13.11 16:00 UTC | 7 days06.11 20:00 — 13.11 16:00 UTC |
|---|---|---|
| GRVT | +0.030000% Pays 3.00 USD6 settlements | +0.210000% Pays 21.00 USD42 settlements |
Cost of holding a position · PROVE
This is the cost or income of holding your side, not arbitrage: the price of the position is not hedged.
| Venue | Long | Short | ||||
|---|---|---|---|---|---|---|
| 24 h | 7 days | 30 days | 24 h | 7 days | 30 days | |
| Hyperliquid | +9.32 USDC | +65.26 USDC | +279.69 USDC | −9.32 USDC | −65.26 USDC | −279.69 USDC |
| KuCoin | +5.94 USDT | +41.58 USDT | +178.20 USDT | −5.94 USDT | −41.58 USDT | −178.20 USDT |
| Aster | +3.80 USDT | +26.61 USDT | +114.05 USDT | −3.80 USDT | −26.61 USDT | −114.05 USDT |
| Bybit | −3.00 USDT | −21.00 USDT | −90.00 USDT | +3.00 USDT | +21.00 USDT | +90.00 USDT |
| OKX | −3.00 USDT | −21.00 USDT | −90.00 USDT | +3.00 USDT | +21.00 USDT | +90.00 USDT |
| MEXC | −3.00 USDT | −21.00 USDT | −90.00 USDT | +3.00 USDT | +21.00 USDT | +90.00 USDT |
| BingX | −3.00 USDT | −21.00 USDT | −90.00 USDT | +3.00 USDT | +21.00 USDT | +90.00 USDT |
| Binance | −3.00 USDT | −21.00 USDT | −90.00 USDT | +3.00 USDT | +21.00 USDT | +90.00 USDT |
| GRVT | −3.00 USDT | −21.00 USDT | −90.00 USDT | +3.00 USDT | +21.00 USDT | +90.00 USDT |
| Gate.io | −2.46 USDT | −17.22 USDT | −73.80 USDT | +2.46 USDT | +17.22 USDT | +73.80 USDT |
| Bitget | +0.66 USDT | +4.62 USDT | +19.80 USDT | −0.66 USDT | −4.62 USDT | −19.80 USDT |
About PROVE Funding Rates
Funding rates for PROVE perpetual futures reflect the cost of holding long or short positions. When the rate is positive, longs pay shorts; when negative, shorts pay longs. The settlement interval depends on the venue and the contract — 1h, 4h and 8h are all in use — and rates can vary significantly across exchanges. Traders use funding rate differences between exchanges for delta-neutral arbitrage strategies. We monitor funding rates across 7+ exchanges including Bybit, Bitget, OKX, MEXC, Gate.io, and KuCoin, updating data every 10 minutes.
What are Funding Rates?
Funding rates are periodic payments between long and short traders in perpetual futures markets. They keep the futures price aligned with the spot price. High positive rates indicate bullish sentiment (longs pay shorts), while negative rates signal bearish conditions (shorts pay longs). The settlement interval differs by venue and contract (1h, 4h or 8h), so rates are compared per hour rather than per period.
PROVE funding questions
What is the current PROVE funding rate?
The PROVE funding rate varies across exchanges and is updated every 10 minutes. Check the comparison table above for the latest rates across all supported exchanges.
What does a positive PROVE funding rate mean?
A positive funding rate means traders holding long PROVE positions pay those holding short positions. This typically indicates bullish market sentiment with more demand for long positions.
How much does it cost to hold a PROVE perpetual position?
Holding your side costs or earns the funding paid at each settlement: when the rate is positive the long pays and the short receives, when it is negative it is the other way round. The holding-cost table above shows this on 10,000 of notional at the current rate; it is the cost of one side, not an arbitrage return. Two-leg scenarios are on the PROVE funding arbitrage page.
How often are PROVE funding rates settled?
Funding intervals for PROVE differ by venue: 1h/4h. Each payment is the rate for that interval, so the table also shows the rate per hour — the unit in which venues with different intervals can be compared.
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