Funding arb · Price arb /

PROVE

all PROVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.2248%/8h= +246.2% APRpaid last 24h +0.570%

Price spread now: Lighter against Variational Omni−0.330%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 Lighter

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 · Lighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.330% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.330% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$33 on $10k: about 12 hours of funding at the current rate (+$67 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PROVE	0.2332	−0.2152	get 0.1076% / 4h	29m 51s	$28K	$47K	—
Short	Lighter PROVE	0.2324	0.0096	get 0.0012% / 1h	29m 51s	$82K	$141K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.330%Rate

Funding earned: $472.08
Price spread: −0.330% → 0.000%: −$32.98
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $439.1
Costs to cover: 0.000%
Break-even: 0.5 days

Slippage unknown: Variational Omni: no order-book sample; Lighter: live order book, 10 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 Lighter live order book, 10 min ago	30.16 bp	39.3 bp −$39	232.7 bp −$2,327	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
OKX PROVE-USDT-SWAP	−0.3402%	4h	0.2317	−0.647%	$615K	$8.4M	20x	as long as short
Aster PROVEUSDT	−0.3380%	4h	0.2325	−0.304%	$46K	$274K	5x	as long as short
Bybit PROVEUSDT	−0.3296%	4h	0.2323	−0.390%	$2.1M	$11.5M	25x	as long as short
Bitget PROVEUSDT	−0.3292%	4h	0.2317	−0.647%	$683K	$5.2M	50x	as long as short
Binance PROVEUSDT	−0.3178%	4h	0.2317	−0.646%	$3.4M	$37.9M	75x	as long as short
MEXC PROVE_USDT	−0.3176%	4h	0.2318	−0.604%	$282K	$417K	20x	as long as short
KuCoin PROVEUSDTM	−0.2988%	4h	0.2321	−0.467%	$2.8M	$1.2M	50x	as long as short
Gate PROVE_USDT	−0.2734%	4h	0.2320	−0.518%	$198K	$1.1M	75x	as long as short
GRVT PROVE_USDT_Perp	−0.2622%	4h	0.2328	−0.184%	$222K	$2.8M	10x	as long as short
ApeX Omni PROVEUSDT	−0.2445%	1h	0.2327	−0.200%	$49K	$334K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PROVE-USDT	−0.2253%	4h	0.2319	−0.561%	—	$2.5M	—	as long as short
Variational Omni PROVElong	−0.2152%	4h	0.2332	long leg	$28K	$47K	—
Hyperliquid PROVE	−0.1307%	1h	0.2317	−0.651%	$336K	$951K	3x	as long as short
Lighter PROVEshort	+0.0096%	1h	0.2324	−0.330%	$82K	$141K	3x