Funding arb · Price arb /

PROVE

all PROVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.3907%/8h= +427.9% APRpaid last 24h +0.212%

Price spread now: Lighter against Aster+0.021%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$1541.538% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 4 days (all we have)−0.118%−$12 · spread now +0.021%, 7d avg +0.023%

Together, before fees−0.081%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: +$117 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.037% in total (about 1.9% a year). A funding rate is set anew for every payment. 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	Aster PROVEUSDT	0.2390	−0.6643	get 0.3322% / 4h	9m 47s	$46K	$269K	5x
Short	Lighter PROVE	0.2391	−0.2736	pay 0.0342% / 1h	9m 47s	$83K	$132K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now +0.021%Rate

Funding earned: $820.57
Price spread: +0.021% → +0.023%: −$0.17
Slippage, 4 orders: −$145.81
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $666.59
Costs to cover: 1.538%
Break-even: 1.3 days

Slippage from Aster: live order book, 2 min ago; Lighter: live order book, 50 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 Aster live order book, 2 min ago	8.41 bp	34.9 bp −$35	378.1 bp −$3,781	doesn't fit	doesn't fit
Sell Lighter live order book, 50 min ago	36.41 bp	46.1 bp −$46	209.5 bp −$2,095	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	−0.9802%	4h	0.2397	+0.293%	$2.1M	$10.2M	25x	as long as short
BingX PROVE-USDT	−0.9346%	4h	0.2388	−0.084%	—	$2.5M	—	as long as short
Variational Omni PROVE	−0.8192%	4h	0.2387	−0.119%	$28K	$46K	—	as long as short
Binance PROVEUSDT	−0.7164%	4h	0.2385	−0.198%	$3.4M	$36.2M	75x	as long as short
MEXC PROVE_USDT	−0.7154%	4h	0.2386	−0.167%	$295K	$403K	20x	as long as short
Hyperliquid PROVE	−0.7087%	1h	0.2386	−0.167%	$355K	$918K	3x	as long as short
OKX PROVE-USDT-SWAP	−0.6869%	4h	0.2388	−0.084%	$610K	$8.1M	20x	as long as short
Gate PROVE_USDT	−0.6780%	4h	0.2386	−0.167%	$216K	$1.0M	75x	as long as short
Aster PROVEUSDTlong	−0.6643%	4h	0.2390	long leg	$46K	$269K	5x
GRVT PROVE_USDT_Perp	−0.6530%	4h	0.2384	−0.259%	$222K	$2.5M	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PROVEUSDT	−0.6440%	4h	0.2385	−0.209%	$664K	$4.7M	50x	as long as short
KuCoin PROVEUSDTM	−0.6224%	4h	0.2389	−0.042%	$2.9M	$1.1M	50x	as long as short
ApeX Omni PROVEUSDT	−0.2776%	1h	0.2381	−0.378%	$52K	$333K	50x	as long as short
Lighter PROVEshort	−0.2736%	1h	0.2391	+0.021%	$83K	$132K	3x