Funding arb · Price arb /

PROVE

all PROVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.4002%/8h= +438.2% APRpaid last 24h +0.470%

Price spread now: Lighter against Gate+0.309%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1581.582% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.346%+$35 on $10k

Price spread, last 4 days (all we have)+0.260%+$26 · spread now +0.309%, 7d avg +0.014%

Together, before fees+0.605%+ Points / potential airdropLighter: Season 3 · farm board+$61 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$120 a day on $10k at the current rate, and Lighter is 0.295% dearer against Gate than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.014%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.346% in total (about 18.0% 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	Gate PROVE_USDT	0.2332	−0.4394	get 0.2197% / 4h	1h 43m	$204K	$1.1M	75x
Short	Lighter PROVE	0.2339	−0.0392	pay 0.0049% / 1h	43m 04s	$82K	$138K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now +0.309%Rate

Funding earned: $840.42
Price spread: +0.309% → +0.014%: $29.47
Slippage, 4 orders: −$143.16
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: $711.73
Costs to cover: 1.582%
Break-even: 1.1 days

Slippage from Gate: live order book, 4 min ago; Lighter: live order book, 2 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 Gate live order book, 4 min ago	8.55 bp	39.6 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	36.31 bp	40.0 bp −$40	209.9 bp −$2,099	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	−0.6709%	4h	0.2336	+0.172%	$2.1M	$11.4M	25x	as long as short
ApeX Omni PROVEUSDT	−0.5756%	1h	0.2336	+0.153%	$49K	$334K	50x	as long as short
OKX PROVE-USDT-SWAP	−0.5513%	4h	0.2327	−0.214%	$616K	$8.4M	20x	as long as short
Variational Omni PROVE	−0.5431%	4h	0.2342	+0.411%	$28K	$47K	—	as long as short
Aster PROVEUSDT	−0.5233%	4h	0.2345	+0.549%	$46K	$273K	5x	as long as short
Bitget PROVEUSDT	−0.5084%	4h	0.2332	0.000%	$712K	$5.1M	50x	as long as short
MEXC PROVE_USDT	−0.5034%	4h	0.2331	−0.043%	$282K	$417K	20x	as long as short
Binance PROVEUSDT	−0.5012%	4h	0.2329	−0.123%	$3.4M	$37.7M	75x	as long as short
KuCoin PROVEUSDTM	−0.4814%	4h	0.2334	+0.099%	$2.8M	$1.1M	50x	as long as short
Gate PROVE_USDTlong	−0.4394%	4h	0.2332	long leg	$204K	$1.1M	75x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT PROVE_USDT_Perp	−0.4356%	4h	0.2338	+0.277%	$216K	$2.7M	10x	as long as short
Hyperliquid PROVE	−0.3681%	1h	0.2334	+0.081%	$346K	$942K	3x	as long as short
BingX PROVE-USDT	−0.3558%	4h	0.2335	+0.129%	—	$2.5M	—	as long as short
Lighter PROVEshort	−0.0392%	1h	0.2339	+0.309%	$82K	$138K	3x