Funding arb · Price arb /

PROVE

all PROVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0171%/8h= +18.7% APRpaid last 24h −0.216%

Price spread now: Variational Omni against Hyperliquid+0.118%7-day average — · you sell dearer than you buy

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

Long on Hyperliquid Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Variational Omni is 0.118% dearer against Hyperliquid than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid PROVE	0.2290	−0.0688	get 0.0086% / 1h	34m 38s	$332K	$961K	3x
Short	Variational Omni PROVE	0.2293	−0.0517	pay 0.0259% / 4h	3h 34m	$28K	$47K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.118%Rate

Funding earned: $35.81
Price spread: +0.118% → 0.000%: $11.78
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $38.6
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 56 min ago; Variational Omni: no order-book sample. 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, 56 min ago	4.96 bp	26.7 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
ApeX Omni PROVEUSDT	−0.2576%	1h	0.2293	+0.114%	$21K	$356K	50x	as long as short
Aster PROVEUSDT	−0.2265%	4h	0.2294	+0.155%	$37K	$292K	5x	as long as short
MEXC PROVE_USDT	−0.2148%	4h	0.2287	−0.148%	$291K	$418K	20x	as long as short
Bitget PROVEUSDT	−0.2144%	4h	0.2286	−0.192%	$656K	$5.2M	50x	as long as short
OKX PROVE-USDT-SWAP	−0.2138%	4h	0.2286	−0.192%	$634K	$8.3M	20x	as long as short
Binance PROVEUSDT	−0.2126%	4h	0.2285	−0.247%	$3.5M	$37.8M	75x	as long as short
KuCoin PROVEUSDTM	−0.1896%	4h	0.2290	−0.009%	$2.7M	$1.1M	50x	as long as short
GRVT PROVE_USDT_Perp	−0.1118%	4h	0.2271	−0.852%	$211K	$3.0M	10x	as long as short
Gate PROVE_USDT	−0.0794%	4h	0.2290	−0.017%	$203K	$643K	75x	as long as short
Hyperliquid PROVElong	−0.0688%	1h	0.2290	long leg	$332K	$961K	3x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PROVEshort	−0.0517%	4h	0.2293	+0.118%	$28K	$47K	—
BingX PROVE-USDT	−0.0394%	4h	0.2290	−0.017%	—	$2.5M	—	as long as short
Bybit PROVEUSDT	−0.0133%	4h	0.2291	+0.026%	$2.1M	$11.5M	25x	as long as short
Lighter PROVE	+0.0096%	1h	0.2296	+0.262%	$80K	$131K	3x	as long as short