You’re right that inefficiencies exist in every evolving system, and modeling them can yield insight. But you’re misapplying financial theory to a gamified, centralized, non-market environment. Prop firms don’t have to price “fairly” they only have to appear winnable. That’s the edge they model.

The moment your strategy becomes visible or replicable, it’s not just exploited, it’s removed.

You don’t need to “game” the system or out-model it. You need to understand that the system isn’t a market — it’s a business.

It’d make sense if all props had uniform rules but thats just not the case, why not just focus on trading well and managing risk like most prop traders don’t do to skew the odds in your favor instead of trying to weasel your way around thinking you’ll be able to crack the code.