Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.056%

Price spread now: Lighter RH against Arcus+0.112%7-day average +0.040% · 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−$20as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on Arcus Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.050%−$5 on $10k

Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.112%, 7d avg +0.040%

Together, before fees−0.151%+ Points / potential airdropLighter RH: Points live · farm board−$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.072% dearer against Arcus than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus USAR-USD	17.040	0.0040	pay 0.0005% / 1h	53m 15s	$147K	$62K	10x
Short	Lighter RH USAR	17.059	0.0040	get 0.0005% / 1h	53m 15s	$273K	$616K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.112%Rate

Funding earned: −$0.06
Price spread: +0.112% → +0.040%: $7.16
Slippage, 4 orders: −$22.72
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$20.12
Costs to cover: 0.272%
Break-even: never at this rate

Slippage from Arcus: live order book, 20 min ago; Lighter RH: live order book, 19 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, 20 min ago	2.93 bp	5.2 bp −$5	10.8 bp −$108	doesn't fit	doesn't fit
Sell Lighter RH live order book, 19 min ago	7.04 bp	8.3 bp −$8	22.2 bp −$222	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	17.054	+0.084%	$27K	$29K	20x	as long as short
Bybit USARUSDT	0.0000%	8h	17.060	+0.117%	$428K	$270K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	17.070	+0.176%	$995K	$1.1M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	17.050	+0.059%	$525K	$415K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	17.060	+0.117%	$368K	$3.8M	20x	as long as short
Variational Omni USAR	0.0000%	8h	17.063	+0.133%	$58K	$6K	—	as long as short
SunX USAR-USDT	0.0000%	8h	17.040	0.000%	$2K	$7.3M	10x	as long as short
HTX USAR-USDT	0.0000%	8h	17.090	+0.293%	$8K	$7K	20x	as long as short
Extended USAR-USD	+0.0032%	1h	17.053	+0.074%	$4K	$177K	10x	as long as short
Binance USARUSDT	+0.0033%	8h	17.057	+0.102%	$2.5M	$5.3M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH USARshort	+0.0040%	1h	17.059	+0.112%	$273K	$616K	10x
Arcus USAR-USDlong	+0.0040%	1h	17.040	long leg	$147K	$62K	10x
Vest USAR-USD-PERP	+0.0046%	1h	17.060	+0.117%	—	$49	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	17.060	+0.117%	$289K	$121K	20x	as long as short
tradeXYZ xyz:USAR	+0.0555%	1h	17.050	+0.059%	$2.5M	$946K	10x	as long as short
GRVT USAR_USDT_Perp	+0.0572%	8h	17.060	+0.117%	$1K	$235K	10x	as long as short