Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0457%/8h= −50.0% APRpaid last 24h −0.034%

Price spread now: Variational Omni against Arcus−0.094%50s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Arcus Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Variational Omni is 0.094% cheaper against Arcus than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 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	16.840	0.0457	pay 0.0057% / 1h	25m 48s	$145K	$64K	10x
Short	Variational Omni USAR	16.824	0	get 0.0000% / 8h	2h 25m	$58K	$6K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.094%Rate

Funding earned: −$95.9
Price spread: −0.094% → 0.000%: −$9.36
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$109.76
Costs to cover: 0.045%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 62 min ago; Variational Omni: no order-book sample. Net counts fees only.

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, 62 min ago	2.97 bp	10.7 bp −$11	11.9 bp −$119	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	16.852	+0.073%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.848	+0.048%	$4K	$181K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.850	+0.059%	$2.5M	$5.5M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.830	−0.059%	$431K	$300K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.890	+0.297%	$970K	$1.1M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.840	0.000%	$518K	$435K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.860	+0.119%	$348K	$3.9M	20x	as long as short
Variational Omni USARshort	0.0000%	8h	16.824	−0.094%	$58K	$6K	—
GRVT USAR_USDT_Perp	0.0000%	8h	16.830	−0.059%	$1K	$249K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.850	+0.059%	$1K	$7.4M	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	16.880	+0.238%	$8K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.838	−0.012%	$272K	$792K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.830	−0.059%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0050%	1h	16.847	+0.042%	$2.6M	$935K	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.850	+0.059%	$289K	$105K	20x	as long as short
Arcus USAR-USDlong	+0.0457%	1h	16.840	long leg	$145K	$64K	10x