Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0753%/8h= −82.5% APRpaid last 24h −0.056%

Price spread now: Gate against Arcus0.000%7-day average +0.086% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$316as in the Price arb table

costs, in and out, $10k−$3073.070% of the position

Long on Arcus Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.092%−$9 on $10k

Price spread, last 4 days (all we have)+0.087%+$9 · spread now 0.000%, 7d avg +0.086%

Together, before fees−0.005%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Gate is 0.086% cheaper against Arcus than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.086%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.092% in total (about -10.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus USAR-USD	16.880	0.0753	pay 0.0094% / 1h	36m 00s	$146K	$62K	10x
Short	Gate USAR_USDT	16.880	0	get 0.0000% / 8h	1h 36m	$520K	$432K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: −$158.2
Price spread: 0.000% → +0.086%: −$8.58
Slippage, 4 orders: −$287.47
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$473.76
Costs to cover: 3.070%
Break-even: never at this rate

Slippage from Arcus: live order book, 47 min ago; Gate: live order book, 45 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, 47 min ago	5.93 bp	8.2 bp −$8	8.8 bp −$88	doesn't fit	doesn't fit
Sell Gate live order book, 45 min ago	14.83 bp	129.1 bp −$129	doesn't fit	doesn't fit	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	16.885	+0.028%	$27K	$29K	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.870	−0.059%	$430K	$272K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.900	+0.118%	$968K	$1.1M	20x	as long as short
Gate USAR_USDTshort	0.0000%	8h	16.880	0.000%	$520K	$432K	20x
Bitget USARUSDT	0.0000%	8h	16.900	+0.118%	$359K	$3.8M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.893	+0.077%	$58K	$6K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.897	+0.103%	$1K	$241K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.890	+0.059%	$1K	$7.4M	10x	as long as short
HTX USAR-USDT	+0.0016%	8h	16.910	+0.178%	$8K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.886	+0.036%	$272K	$692K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest USAR-USD-PERP	+0.0046%	1h	16.870	−0.059%	—	$49	10x	as long as short
Extended USAR-USD	+0.0056%	1h	16.892	+0.071%	$4K	$181K	10x	as long as short
Binance USARUSDT	+0.0059%	8h	16.894	+0.085%	$2.5M	$5.2M	20x	as long as short
tradeXYZ xyz:USAR	+0.0065%	1h	16.896	+0.095%	$2.6M	$910K	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.890	+0.059%	$289K	$104K	20x	as long as short
Arcus USAR-USDlong	+0.0753%	1h	16.880	long leg	$146K	$62K	10x