Settings8H · net · $10k
Funding arb · Price arb /

USAR

RWAall USAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.027%
Price spread now: KuCoin against Binance0.000%7-day average −0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,379as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,394as in the Price arb table
costs, in and out, $10k−$1,39813.982% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.189%+$19 on $10k
Price spread, last 2 days (all we have)−0.045%−$5 · spread now 0.000%, 7d avg −0.038%
Together, before fees+0.144%+$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.038% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.038%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance USARUSDT16.9200get 0.0000% / 8h6h 40m$2.4M$5.2M20x
ShortKuCoin USARUSDTM16.9200.0100get 0.0100% / 8h6h 40m$284K$130K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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

Funding earned
$21
Price spread: 0.000% → −0.038%
$3.83
Slippage, 4 orders
−$1,376.22
Fee Binance: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,373.39
Costs to cover
13.982%
Break-even
464.8 days
Slippage from Binance: live order book, 12 min ago; KuCoin: live order book, 70 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 12 min ago2.95 bp13.5 bp −$1453.7 bp −$537doesn't fitdoesn't fit
Sell KuCoin live order book, 70 min ago2.93 bp407.2 bp −$407doesn't fitdoesn't fitdoesn't fit

USAR on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:USAR−0.0060%1h16.907−0.077%$2.5M$960K10xas long as short
Aster USARUSDT0.0000%8h16.956+0.216%$27K$29K20xas long as short
Extended USAR-USD0.0000%1h16.916−0.025%$3K$156K10xas long as short
Binance USARUSDTlong0.0000%8h16.920long leg$2.4M$5.2M20x
Bybit USARUSDT0.0000%8h16.910−0.059%$423K$272K25xas long as short
OKX USAR-USDT-SWAP0.0000%8h16.960+0.236%$937K$1.2M20xas long as short
Gate USAR_USDT0.0000%8h16.9200.000%$500K$435K20xas long as short
Bitget USARUSDT0.0000%8h16.930+0.059%$353K$3.7M20xas long as short
Variational Omni USAR0.0000%8h16.922+0.014%$58K$6Kas long as short
GRVT USAR_USDT_Perp0.0000%8h16.948+0.167%$1K$225K10xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX USAR-USDT0.0000%8h16.9200.000%$2K$7.0M10xas long as short
HTX USAR-USDT0.0000%8h16.960+0.236%$8K$7K20xas long as short
Lighter RH USAR+0.0032%1h16.919−0.006%$271K$589K10xas long as short
Arcus USAR-USD+0.0040%1h16.910−0.059%$146K$62K10xas long as short
Vest USAR-USD-PERP+0.0046%1h16.9200.000%$4910xas long as short
KuCoin USARUSDTMshort+0.0100%8h16.9200.000%$284K$130K20x