PROVE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.3648%/8h= +399.5% APRnext payment +$4.56 per $10,000 · paid last 24h +0.294%

Price spread now: Lighter against Hyperliquid+0.221%7-day average +0.078% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.184%+$18 on $10k

Price spread, last 4 days (all we have)−0.221%−$22 · spread now +0.221%, 7d avg +0.078%

Together, before fees−0.037%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$109 a day on $10k at the current rate, and Lighter is 0.142% dearer against Hyperliquid than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.078%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.184% in total (about 9.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.56 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	Hyperliquid PROVE	0.2358	−0.3880	get 0.0485% / 1h	21m 05s	$351K	$927K	3x
Short	Lighter PROVE	0.2363	−0.0232	pay 0.0029% / 1h	21m 05s	$83K	$132K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Hyperliquid. 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 HyperliquidbpFee LighterbpOrdersPrice spread, now +0.221%Rate

Funding earned: $766.08
Price spread: +0.221% → +0.078%: $14.23
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: $771.31
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 39 min ago; Lighter: live order book, 34 min ago. Net counts fees only.

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 Hyperliquid live order book, 39 min ago	4.20 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 34 min ago	33.88 bp	33.9 bp −$34	194.6 bp −$1,946	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
Variational Omni PROVE	−0.7258%	4h	0.2361	+0.115%	$29K	$47K	—	as long as short
MEXC PROVE_USDT	−0.6640%	4h	0.2355	−0.123%	$293K	$408K	20x	as long as short
Binance PROVEUSDT	−0.6599%	4h	0.2357	−0.038%	$3.4M	$36.8M	75x	as long as short
OKX PROVE-USDT-SWAP	−0.6402%	4h	0.2356	−0.081%	$613K	$8.2M	20x	as long as short
Aster PROVEUSDT	−0.6287%	4h	0.2364	+0.258%	$48K	$271K	5x	as long as short
Bitget PROVEUSDT	−0.6032%	4h	0.2355	−0.123%	$754K	$4.9M	50x	as long as short
KuCoin PROVEUSDTM	−0.5860%	4h	0.2359	+0.068%	$2.8M	$1.1M	50x	as long as short
Bybit PROVEUSDT	−0.5279%	4h	0.2363	+0.216%	$2.2M	$10.7M	25x	as long as short
ApeX Omni PROVEUSDT	−0.5247%	1h	0.2365	+0.301%	$51K	$334K	50x	as long as short
Hyperliquid PROVElong	−0.3880%	1h	0.2358	long leg	$351K	$927K	3x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PROVE-USDT	−0.3742%	4h	0.2359	+0.047%	—	$2.5M	—	as long as short
Gate PROVE_USDT	−0.3720%	4h	0.2362	+0.174%	$205K	$1.0M	75x	as long as short
GRVT PROVE_USDT_Perp	−0.3314%	4h	0.2367	+0.386%	$229K	$2.6M	10x	as long as short
Lighter PROVEshort	−0.0232%	1h	0.2363	+0.221%	$83K	$132K	3x