Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h −0.041%

Price spread now: Binance against Arcus−0.059%7-day average +0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$440.440% of the position

Long on Arcus Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.078%−$8 on $10k

Price spread, last 2 days (all we have)+0.178%+$18 · spread now −0.059%, 7d avg +0.069%

Together, before fees+0.100%+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.128% cheaper against Arcus than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.069%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus USAR-USD	17.050	0.0100	pay 0.0012% / 1h	59m 33s	$147K	$62K	10x
Short	Binance USARUSDT	17.040	0.0026	get 0.0026% / 8h	7h 59m	$2.5M	$5.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Arcus. 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 ArcusbpFee BinancebpOrdersPrice spread, now −0.059%Rate

Funding earned: −$15.51
Price spread: −0.059% → +0.069%: −$12.79
Slippage, 4 orders: −$29.47
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$72.28
Costs to cover: 0.440%
Break-even: never at this rate

Slippage from Arcus: live order book, 13 min ago; Binance: live order book, 8 min ago.

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 Arcus live order book, 13 min ago	2.93 bp	5.2 bp −$5	10.8 bp −$108	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	2.93 bp	23.2 bp −$23	62.0 bp −$620	325.2 bp −$32.5K	doesn't fit

USAR on 16 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
Aster USARUSDT	0.0000%	8h	17.014	−0.213%	$27K	$29K	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.990	−0.352%	$427K	$278K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	17.040	−0.059%	$1.0M	$1.1M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	17.030	−0.117%	$525K	$414K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	17.040	−0.059%	$368K	$3.8M	20x	as long as short
Variational Omni USAR	0.0000%	8h	17.053	+0.016%	$58K	$6K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	17.052	+0.009%	$1K	$237K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	17.050	0.000%	$2K	$7.3M	10x	as long as short
HTX USAR-USDT	0.0000%	8h	17.080	+0.176%	$8K	$7K	20x	as long as short
Binance USARUSDTshort	+0.0026%	8h	17.040	−0.059%	$2.5M	$5.3M	20x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH USAR	+0.0032%	1h	16.920	−0.762%	$271K	$616K	10x	as long as short
Extended USAR-USD	+0.0032%	1h	17.030	−0.120%	$4K	$181K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	17.020	−0.176%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0081%	1h	17.035	−0.088%	$2.5M	$956K	10x	as long as short
Arcus USAR-USDlong	+0.0100%	1h	17.050	long leg	$147K	$62K	10x
KuCoin USARUSDTM	+0.0100%	8h	17.030	−0.117%	$289K	$119K	20x	as long as short