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 +0.030%
Price spread now: KuCoin against Bitget−0.118%7-day average −0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,761as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,788as in the Price arb table
costs, in and out, $10k−$1,78517.847% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.232%+$23 on $10k
Price spread, last 4 days (all we have)+0.183%+$18 · spread now −0.118%, 7d avg −0.081%
Together, before fees+0.416%+$42 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.036% cheaper against Bitget than usual: you would sell low and buy high (spread −0.118% now, against its 7-day average of −0.081%). If the spread goes back, that is −$4 on $10k: about 29 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget USARUSDT16.9800get 0.0000% / 8h4h 22m$347K$3.7M20x
ShortKuCoin USARUSDTM16.9600.0100get 0.0100% / 8h4h 22m$285K$148K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$21
Price spread: −0.118% → −0.081%
−$3.63
Slippage, 4 orders
−$1,760.69
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,767.32
Costs to cover
17.847%
Break-even
596.1 days
Slippage from Bitget: live order book, 1 min ago; KuCoin: live order book, 59 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 Bitget live order book, 1 min ago2.94 bp16.5 bp −$1633.5 bp −$335doesn't fitdoesn't fit
Sell KuCoin live order book, 59 min ago2.95 bp848.8 bp −$849doesn'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
Aster USARUSDT0.0000%8h16.942−0.221%$27K$29K20xas long as short
Extended USAR-USD0.0000%1h16.964−0.096%$3K$160K10xas long as short
Binance USARUSDT0.0000%8h16.970−0.059%$2.4M$5.1M20xas long as short
Bybit USARUSDT0.0000%8h16.960−0.118%$423K$272K25xas long as short
OKX USAR-USDT-SWAP0.0000%8h16.990+0.059%$984K$1.3M20xas long as short
Gate USAR_USDT0.0000%8h16.9800.000%$501K$436K20xas long as short
Bitget USARUSDTlong0.0000%8h16.980long leg$347K$3.7M20x
Variational Omni USAR0.0000%8h16.972−0.048%$60K$8Kas long as short
GRVT USAR_USDT_Perp0.0000%8h16.971−0.053%$1K$221K10xas long as short
SunX USAR-USDT0.0000%8h16.970−0.059%$2K$6.8M10xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX USAR-USDT0.0000%8h17.000+0.118%$7K$8K20xas long as short
Lighter RH USAR+0.0032%1h16.955−0.147%$272K$575K10xas long as short
Arcus USAR-USD+0.0040%1h16.950−0.177%$146K$62K10xas long as short
Vest USAR-USD-PERP+0.0046%1h16.970−0.059%$4910xas long as short
tradeXYZ xyz:USAR+0.0050%1h16.965−0.088%$2.5M$951K10xas long as short
KuCoin USARUSDTMshort+0.0100%8h16.960−0.118%$285K$148K20x