Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.007%

Price spread now: Lighter RH against Binance−0.027%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$620.617% of the position

Long on Binance Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 2 days (all we have)−0.052%−$5 · spread now −0.027%, 7d avg −0.095%

Together, before fees−0.014%+ Points / potential airdropLighter RH: Points live · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.067% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance USARUSDT	16.933	0	get 0.0000% / 8h	6h 45m	$2.4M	$5.2M	20x
Short	Lighter RH USAR	16.928	0.0032	get 0.0004% / 1h	45m 38s	$271K	$589K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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

Position, each leg$Hold fordaysFee BinancebpFee Lighter RHbpOrdersPrice spread, now −0.027%Rate

Funding earned: $6.72
Price spread: −0.027% → −0.095%: $6.75
Slippage, 4 orders: −$51.71
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$48.24
Costs to cover: 0.617%
Break-even: 57.3 days

Slippage from Binance: live order book, 7 min ago; Lighter RH: live order book, 22 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 Binance live order book, 7 min ago	2.95 bp	13.5 bp −$14	53.7 bp −$537	doesn't fit	doesn't fit
Sell Lighter RH live order book, 22 min ago	13.20 bp	13.6 bp −$14	22.9 bp −$229	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
tradeXYZ xyz:USAR	−0.0112%	1h	16.915	−0.104%	$2.5M	$957K	10x	as long as short
Aster USARUSDT	0.0000%	8h	16.960	+0.163%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.930	−0.015%	$3K	$156K	10x	as long as short
Binance USARUSDTlong	0.0000%	8h	16.933	long leg	$2.4M	$5.2M	20x
Bybit USARUSDT	0.0000%	8h	16.930	−0.015%	$424K	$272K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.980	+0.280%	$931K	$1.2M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.940	+0.044%	$501K	$433K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.930	−0.015%	$353K	$3.7M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.932	−0.001%	$57K	$6K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.956	+0.137%	$1K	$225K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX USAR-USDT	0.0000%	8h	16.930	−0.015%	$2K	$7.0M	10x	as long as short
HTX USAR-USDT	0.0000%	8h	16.940	+0.044%	$8K	$7K	20x	as long as short
Lighter RH USARshort	+0.0032%	1h	16.928	−0.027%	$271K	$589K	10x
Arcus USAR-USD	+0.0040%	1h	16.930	−0.015%	$146K	$62K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.930	−0.015%	—	$49	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.930	−0.015%	$285K	$128K	20x	as long as short