Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.065%

Price spread now: SunX against Arcus+0.118%7-day average +0.069% · 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−$301as in the Price arb table

costs, in and out, $10k−$3063.057% of the position

Long on Arcus Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.104%−$10 on $10k

Price spread, last 4 days (all we have)+0.077%+$8 · spread now +0.118%, 7d avg +0.069%

Together, before fees−0.027%−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.049% dearer against Arcus than usual: you sell high and buy low (spread +0.118% now, against its 7-day average of +0.069%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.0 days. At the pace of the last 4 days (−0.104% in total) that is about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus USAR-USD	16.950	0.0040	pay 0.0005% / 1h	23m 49s	$146K	$62K	10x
Short	SunX USAR-USDT	16.970	0	get 0.0000% / 8h	4h 23m	$1K	$6.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.118%Rate

Funding earned: −$8.46
Price spread: +0.118% → +0.069%: $4.87
Slippage, 4 orders: −$293.23
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$309.32
Costs to cover: 3.057%
Break-even: never at this rate

Slippage from Arcus: live order book, 34 min ago; SunX: live order book, 5 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, 34 min ago	5.90 bp	13.9 bp −$14	18.4 bp −$184	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	50.07 bp	143.6 bp −$144	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	16.951	+0.007%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.966	+0.092%	$3K	$160K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.970	+0.118%	$2.4M	$5.1M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.970	+0.118%	$424K	$272K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.980	+0.177%	$984K	$1.3M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.970	+0.118%	$500K	$436K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.980	+0.177%	$347K	$3.7M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.972	+0.129%	$60K	$8K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.971	+0.124%	$1K	$221K	10x	as long as short
SunX USAR-USDTshort	0.0000%	8h	16.970	+0.118%	$1K	$6.8M	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX USAR-USDT	0.0000%	8h	17.000	+0.295%	$7K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.964	+0.083%	$272K	$575K	10x	as long as short
Arcus USAR-USDlong	+0.0040%	1h	16.950	long leg	$146K	$62K	10x
Vest USAR-USD-PERP	+0.0046%	1h	16.970	+0.118%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0050%	1h	16.965	+0.088%	$2.5M	$951K	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.960	+0.059%	$285K	$148K	20x	as long as short