Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against Bitget−0.005%73s7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1251.246% of the position

Long on Bitget Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 3 days (all we have)+0.147%+$15 · spread now −0.005%, 7d avg −0.029%

Together, before fees+0.158%+ Points / potential airdropGRVT: Active · farm board+$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.024% dearer against Bitget than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.029%. The two prices were read 73 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	Bitget USARUSDT	16.960	0	get 0.0000% / 8h	6h 50m	$365K	$3.7M	20x
Short	GRVT USAR_USDT_Perp	16.959	0	get 0.0000% / 8h	6h 50m	$1K	$227K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.005%Rate

Funding earned: $0
Price spread: −0.005% → −0.029%: $2.42
Slippage, 4 orders: −$103.55
Fee Bitget: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$122.14
Costs to cover: 1.246%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; GRVT: 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 GRVT live order book, 17 min ago	8.80 bp	37.9 bp −$38	80.0 bp −$800	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	−0.0095%	1h	16.967	+0.041%	$2.5M	$941K	10x	as long as short
Aster USARUSDT	0.0000%	8h	16.972	+0.069%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.956	−0.022%	$7	$153K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.961	+0.007%	$2.4M	$5.2M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.950	−0.059%	$424K	$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_Perpshort	0.0000%	8h	16.959	−0.005%	$1K	$227K	10x

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-USD	+0.0040%	1h	16.950	−0.059%	$146K	$61K	10x	as long as short
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