Funding arb · Price arb /

PROVE

all PROVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1264%/8h= +138.5% APRpaid last 24h +0.046%

Price spread now: Hyperliquid against Variational Omni−0.253%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Hyperliquid

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 airdropVariational Omni: Active · Hyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. Hyperliquid is 0.253% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.253% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 16 hours of funding at the current rate (+$38 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PROVE	0.2402	−0.7303	get 0.3652% / 4h	1h 02m	$27K	$45K	—
Short	Hyperliquid PROVE	0.2396	−0.6039	pay 0.0755% / 1h	2m 54s	$363K	$910K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Variational Omni. 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 Variational OmnibpFee HyperliquidbpOrdersPrice spread, now −0.253%Rate

Funding earned: $265.54
Price spread: −0.253% → 0.000%: −$25.3
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $231.24
Costs to cover: 0.090%
Break-even: 0.9 days

Slippage unknown: Variational Omni: no order-book sample; Hyperliquid: live order book, 7 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 7 min ago	3.98 bp	21.3 bp −$21	doesn't fit	doesn't fit	doesn't fit

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	−0.9680%	4h	0.2401	−0.028%	$2.0M	$10.1M	25x	as long as short
BingX PROVE-USDT	−0.9170%	4h	0.2398	−0.153%	—	$2.5M	—	as long as short
Variational Omni PROVElong	−0.7303%	4h	0.2402	long leg	$27K	$45K	—
Gate PROVE_USDT	−0.6956%	4h	0.2396	−0.236%	$219K	$1.0M	75x	as long as short
Binance PROVEUSDT	−0.6485%	4h	0.2393	−0.376%	$3.4M	$36.1M	75x	as long as short
MEXC PROVE_USDT	−0.6468%	4h	0.2391	−0.445%	$297K	$403K	20x	as long as short
GRVT PROVE_USDT_Perp	−0.6402%	4h	0.2387	−0.611%	$229K	$2.5M	10x	as long as short
OKX PROVE-USDT-SWAP	−0.6256%	4h	0.2392	−0.403%	$609K	$8.1M	20x	as long as short
Aster PROVEUSDT	−0.6065%	4h	0.2394	−0.316%	$45K	$268K	5x	as long as short
Hyperliquid PROVEshort	−0.6039%	1h	0.2396	−0.253%	$363K	$910K	3x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PROVEUSDT	−0.5690%	4h	0.2393	−0.361%	$665K	$4.7M	50x	as long as short
KuCoin PROVEUSDTM	−0.5518%	4h	0.2397	−0.216%	$2.9M	$1.0M	50x	as long as short
Lighter PROVE	−0.3120%	1h	0.2401	−0.036%	$84K	$130K	3x	as long as short
ApeX Omni PROVEUSDT	−0.1213%	1h	0.2394	−0.340%	$52K	$334K	50x	as long as short