Funding arb · Price arb /

PROVE

all PROVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.5304%/8h= −580.8% APRpaid last 24h −0.586%

Price spread now: Variational Omni against Lighter+1.154%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 1.154% dearer against Lighter than usual: you sell high and buy low (spread +1.154% now, against zero (this spread has no 7-day history yet)): +$115 on $10k if it goes back. Holding the pair costs −$159 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PROVE	0.2393	−0.1064	get 0.0133% / 1h	30m 32s	$84K	$137K	3x
Short	Variational Omni PROVE	0.2421	−0.6368	pay 0.3184% / 4h	2h 30m	$30K	$47K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 LighterbpFee Variational OmnibpOrdersPrice spread, now +1.154%Rate

Funding earned: −$1,113.86
Price spread: +1.154% → 0.000%: $115.44
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$998.42
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 19 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 Lighter live order book, 19 min ago	22.12 bp	43.9 bp −$44	227.3 bp −$2,273	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
Bybit PROVEUSDT	−0.7343%	4h	0.2384	−0.376%	$2.1M	$11.2M	25x	as long as short
Variational Omni PROVEshort	−0.6368%	4h	0.2421	+1.154%	$30K	$47K	—
OKX PROVE-USDT-SWAP	−0.5769%	4h	0.2381	−0.501%	$621K	$8.6M	20x	as long as short
Bitget PROVEUSDT	−0.5458%	4h	0.2378	−0.627%	$731K	$5.1M	50x	as long as short
Aster PROVEUSDT	−0.5384%	4h	0.2384	−0.376%	$46K	$274K	5x	as long as short
Binance PROVEUSDT	−0.5378%	4h	0.2374	−0.794%	$3.5M	$37.7M	75x	as long as short
MEXC PROVE_USDT	−0.5342%	4h	0.2375	−0.752%	$273K	$415K	20x	as long as short
KuCoin PROVEUSDTM	−0.5306%	4h	0.2399	+0.255%	$2.9M	$1.1M	50x	as long as short
Gate PROVE_USDT	−0.4086%	4h	0.2376	−0.710%	$209K	$1.1M	75x	as long as short
BingX PROVE-USDT	−0.3684%	4h	0.2375	−0.752%	—	$2.5M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PROVE	−0.3638%	1h	0.2399	+0.230%	$352K	$951K	3x	as long as short
GRVT PROVE_USDT_Perp	−0.3118%	4h	0.2403	+0.422%	$223K	$2.6M	10x	as long as short
ApeX Omni PROVEUSDT	−0.2629%	1h	0.2436	+1.807%	$51K	$334K	50x	as long as short
Lighter PROVElong	−0.1064%	1h	0.2393	long leg	$84K	$137K	3x