Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0060%/8h= +6.5% APRpaid last 24h −0.035%

Price spread now: KuCoin against Arcus0.000%7-day average +0.066% · 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−$486as in the Price arb table

costs, in and out, $10k−$4794.791% of the position

Long on Arcus Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.033%+$3 on $10k

Price spread, last 4 days (all we have)+0.175%+$17 · spread now 0.000%, 7d avg +0.066%

Together, before fees+0.208%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.066% cheaper against Arcus than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.066%). If the spread goes back, that is −$7 on $10k: about 3.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus USAR-USD	16.890	0.0040	pay 0.0005% / 1h	47m 14s	$145K	$62K	10x
Short	KuCoin USARUSDTM	16.890	0.0100	get 0.0100% / 8h	3h 47m	$284K	$159K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $12.54
Price spread: 0.000% → +0.066%: −$6.58
Slippage, 4 orders: −$462.58
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$473.12
Costs to cover: 4.791%
Break-even: 271.1 days

Slippage from Arcus: live order book, 6 min ago; KuCoin: live order book, 24 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, 6 min ago	8.86 bp	11.1 bp −$11	16.5 bp −$165	doesn't fit	doesn't fit
Sell KuCoin live order book, 24 min ago	5.90 bp	217.3 bp −$217	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	16.899	+0.054%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.896	+0.033%	$4K	$161K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.900	+0.058%	$2.4M	$5.1M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.880	−0.059%	$421K	$273K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.930	+0.237%	$984K	$1.3M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.900	+0.059%	$498K	$434K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.910	+0.118%	$341K	$3.7M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.922	+0.190%	$60K	$8K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.905	+0.088%	$2K	$223K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.900	+0.059%	$1K	$6.7M	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX USAR-USDT	0.0000%	8h	16.930	+0.237%	$7K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.898	+0.047%	$271K	$561K	10x	as long as short
Arcus USAR-USDlong	+0.0040%	1h	16.890	long leg	$145K	$62K	10x
Vest USAR-USD-PERP	+0.0046%	1h	16.910	+0.118%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0050%	1h	16.907	+0.101%	$2.5M	$931K	10x	as long as short
KuCoin USARUSDTMshort	+0.0100%	8h	16.890	0.000%	$284K	$159K	20x