Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h +0.011%

Price spread now: tradeXYZ against Binance−0.098%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$660.657% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.203%+$20 on $10k

Price spread, last 2 days (all we have)−0.026%−$3 · spread now −0.098%, 7d avg −0.080%

Together, before fees+0.177%+ Points / potential airdroptradeXYZ: Active · farm board+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.080%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.203%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance USARUSDT	17.033	0.0094	pay 0.0094% / 8h	39m 14s	$2.5M	$5.3M	20x
Short	tradeXYZ xyz:USAR	17.016	0.0050	get 0.0006% / 1h	39m 14s	$2.5M	$957K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.098%Rate

Funding earned: −$9.25
Price spread: −0.098% → −0.080%: −$1.84
Slippage, 4 orders: −$37.72
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$76.81
Costs to cover: 0.657%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; tradeXYZ: live order book, 9 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, 14 min ago	2.93 bp	21.0 bp −$21	64.7 bp −$647	224.6 bp −$22.5K	doesn't fit
Sell tradeXYZ live order book, 9 min ago	2.35 bp	13.6 bp −$14	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	17.036	+0.018%	$27K	$29K	20x	as long as short
Bybit USARUSDT	0.0000%	8h	17.020	−0.075%	$427K	$277K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	17.050	+0.102%	$1.0M	$1.1M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	17.030	−0.016%	$525K	$433K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	17.040	+0.043%	$364K	$3.9M	20x	as long as short
Variational Omni USAR	0.0000%	8h	17.058	+0.148%	$58K	$6K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	17.050	+0.102%	$2K	$239K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	17.020	−0.075%	$1K	$7.3M	10x	as long as short
HTX USAR-USDT	+0.0005%	8h	17.060	+0.160%	$8K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	17.028	−0.028%	$273K	$686K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest USAR-USD-PERP	+0.0046%	1h	17.030	−0.016%	—	$49	10x	as long as short
tradeXYZ xyz:USARshort	+0.0050%	1h	17.016	−0.098%	$2.5M	$957K	10x
Binance USARUSDTlong	+0.0094%	8h	17.033	long leg	$2.5M	$5.3M	20x
Extended USAR-USD	+0.0096%	1h	17.030	−0.014%	$4K	$181K	10x	as long as short
Arcus USAR-USD	+0.0100%	1h	17.020	−0.075%	$147K	$62K	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	17.040	+0.043%	$287K	$116K	20x	as long as short