Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.065%

Price spread now: OKX against Arcus0.000%7-day average +0.146% · 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−$105as in the Price arb table

costs, in and out, $10k−$910.907% of the position

Long on Arcus Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.041%−$4 on $10k

Price spread, last 4 days (all we have)+0.164%+$16 · spread now 0.000%, 7d avg +0.146%

Together, before fees+0.123%+$12 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 OKX is 0.146% cheaper against Arcus than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.146%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus USAR-USD	16.750	0.0040	pay 0.0005% / 1h	33m 35s	$144K	$62K	10x
Short	OKX USAR-USDT-SWAP	16.750	0	get 0.0000% / 8h	2h 33m	$897K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$8.46
Price spread: 0.000% → +0.146%: −$14.56
Slippage, 4 orders: −$76.15
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$113.67
Costs to cover: 0.907%
Break-even: never at this rate

Slippage from Arcus: live order book, 14 min ago; OKX: live order book, 3 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, 14 min ago	5.93 bp	13.7 bp −$14	17.7 bp −$177	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	5.96 bp	44.5 bp −$44	130.0 bp −$1,300	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	16.808	+0.347%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.747	−0.019%	$2K	$249K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.752	+0.009%	$2.4M	$5.4M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.740	−0.060%	$418K	$286K	25x	as long as short
OKX USAR-USDT-SWAPshort	0.0000%	8h	16.750	0.000%	$897K	$1.9M	20x
Gate USAR_USDT	0.0000%	8h	16.750	0.000%	$489K	$453K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.750	0.000%	$329K	$3.8M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.772	+0.134%	$59K	$8K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.780	+0.179%	$2K	$225K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.740	−0.060%	$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	16.770	+0.119%	$8K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.750	0.000%	$265K	$552K	10x	as long as short
Arcus USAR-USDlong	+0.0040%	1h	16.750	long leg	$144K	$62K	10x
Vest USAR-USD-PERP	+0.0046%	1h	16.740	−0.060%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0050%	1h	16.736	−0.084%	$2.5M	$1.1M	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.750	0.000%	$279K	$182K	20x	as long as short