Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.065%

Price spread now: GRVT against Arcus+0.063%54s7-day average +0.126% · 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—prices read too far apart to compare

costs, in and out, $10k−$1571.568% of the position

Long on Arcus Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.093%−$9 on $10k

Price spread, last 4 days (all we have)+0.481%+$48 · spread now +0.063%, 7d avg +0.126%

Together, before fees+0.388%+ Points / potential airdropGRVT: Active · farm board+$39 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and GRVT is 0.063% cheaper against Arcus than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.126%). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus USAR-USD	16.670	0.0040	pay 0.0005% / 1h	50m 18s	$144K	$60K	10x
Short	GRVT USAR_USDT_Perp	16.681	0	get 0.0000% / 8h	7h 50m	$1K	$232K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.063%Rate

Funding earned: −$8.46
Price spread: +0.063% → +0.126%: −$6.25
Slippage, 4 orders: −$143.25
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$171.46
Costs to cover: 1.568%
Break-even: never at this rate

Slippage from Arcus: live order book, 48 min ago; GRVT: live order book, 47 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, 48 min ago	8.96 bp	11.2 bp −$11	16.1 bp −$161	doesn't fit	doesn't fit
Sell GRVT live order book, 47 min ago	11.93 bp	45.1 bp −$45	70.5 bp −$705	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
tradeXYZ xyz:USAR	0.0000%	1h	16.700	+0.180%	$2.5M	$1.1M	10x	as long as short
Aster USARUSDT	0.0000%	8h	16.699	+0.171%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.694	+0.147%	$7	$203K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.696	+0.157%	$2.4M	$5.5M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.700	+0.180%	$410K	$295K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.700	+0.180%	$878K	$1.9M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.690	+0.120%	$493K	$443K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.710	+0.240%	$344K	$3.7M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.712	+0.253%	$58K	$9K	—	as long as short
GRVT USAR_USDT_Perpshort	0.0000%	8h	16.681	+0.063%	$1K	$232K	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX USAR-USDT	0.0000%	8h	16.710	+0.240%	$1K	$6.6M	10x	as long as short
HTX USAR-USDT	0.0000%	8h	16.660	−0.060%	$7K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.674	+0.024%	$264K	$412K	10x	as long as short
Arcus USAR-USDlong	+0.0040%	1h	16.670	long leg	$144K	$60K	10x
Vest USAR-USD-PERP	+0.0046%	1h	16.670	0.000%	—	$49	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.690	+0.120%	$275K	$205K	20x	as long as short