Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.065%

Price spread now: Arcus against Bitget−0.059%7-day average −0.148% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$750.748% of the position

Long on Bitget Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.097%+$10 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now −0.059%, 7d avg −0.148%

Together, before fees+0.038%+$4 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 Arcus is 0.089% dearer against Bitget than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.148%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget USARUSDT	16.960	0	get 0.0000% / 8h	6h 50m	$365K	$3.7M	20x
Short	Arcus USAR-USD	16.950	0.0040	get 0.0005% / 1h	50m 44s	$146K	$61K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Bitget. 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 BitgetbpFee ArcusbpOrdersPrice spread, now −0.059%Rate

Funding earned: $8.46
Price spread: −0.059% → −0.148%: $8.88
Slippage, 4 orders: −$58.34
Fee Bitget: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$57.5
Costs to cover: 0.748%
Break-even: 54.6 days

Slippage from Bitget: live order book, 2 min ago; Arcus: live order book, 17 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 Bitget live order book, 2 min ago	5.90 bp	25.8 bp −$26	93.3 bp −$933	doesn't fit	doesn't fit
Sell Arcus live order book, 17 min ago	5.86 bp	13.7 bp −$14	18.8 bp −$188	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	−0.0096%	1h	16.945	−0.088%	$2.5M	$941K	10x	as long as short
Aster USARUSDT	0.0000%	8h	16.980	+0.119%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.959	−0.009%	$7	$153K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.959	−0.009%	$2.4M	$5.2M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.940	−0.118%	$423K	$272K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.970	+0.059%	$955K	$1.2M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.960	0.000%	$501K	$431K	20x	as long as short
Bitget USARUSDTlong	0.0000%	8h	16.960	long leg	$365K	$3.7M	20x
Variational Omni USAR	0.0000%	8h	16.962	+0.014%	$58K	$6K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.959	−0.005%	$1K	$227K	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	16.960	0.000%	$1K	$7.1M	10x	as long as short
HTX USAR-USDT	0.0000%	8h	16.990	+0.177%	$8K	$7K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.949	−0.065%	$271K	$589K	10x	as long as short
Arcus USAR-USDshort	+0.0040%	1h	16.950	−0.059%	$146K	$61K	10x
Vest USAR-USD-PERP	+0.0046%	1h	16.990	+0.177%	—	$49	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.960	0.000%	$285K	$127K	20x	as long as short