Settings8H · net · $10k
Funding arb · Price arb /

USAR

RWAall USAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter RH against Bitget−0.219%7-day average −0.118% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$620.623% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.082%+$8 on $10k
Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.219%, 7d avg −0.118%
Together, before fees+0.144%+ Points / potential airdropLighter RH: Points live · farm board+$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.100% cheaper against Bitget than usual: you would sell low and buy high (spread −0.219% now, against its 7-day average of −0.118%). If the spread goes back, that is −$10 on $10k: about 10 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget USARUSDT16.9200get 0.0000% / 8h3h 30m$345K$3.7M20x
ShortLighter RH USAR16.8830.0032get 0.0004% / 1h30m 02s$270K$561K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH 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
$6.72
Price spread: −0.219% → −0.118%
−$10.05
Slippage, 4 orders
−$50.34
Fee Bitget: 6 bp × 2 orders
−$12
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$65.66
Costs to cover
0.623%
Break-even
75.4 days
Slippage from Bitget: live order book, 3 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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 3 min ago5.91 bp12.3 bp −$1246.2 bp −$462doesn't fitdoesn't fit
Sell Lighter RH live order book, 22 min ago10.93 bp11.6 bp −$1226.0 bp −$260doesn'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%8h16.874−0.275%$27K$29K20xas long as short
Extended USAR-USD0.0000%1h16.907−0.075%$956$159K10xas long as short
Binance USARUSDT0.0000%8h16.914−0.038%$2.5M$5.2M20xas long as short
Bybit USARUSDT0.0000%8h16.890−0.177%$423K$280K25xas long as short
OKX USAR-USDT-SWAP0.0000%8h16.9200.000%$1.0M$1.5M20xas long as short
Gate USAR_USDT0.0000%8h16.910−0.059%$496K$447K20xas long as short
Bitget USARUSDTlong0.0000%8h16.920long leg$345K$3.7M20x
Variational Omni USAR0.0000%8h16.912−0.047%$59K$8Kas long as short
GRVT USAR_USDT_Perp0.0000%8h16.900−0.118%$895$224K10xas long as short
SunX USAR-USDT0.0000%8h16.910−0.059%$1K$6.7M10xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX USAR-USDT0.0000%8h16.940+0.118%$8K$8K20xas long as short
Lighter RH USARshort+0.0032%1h16.883−0.219%$270K$561K10x
Arcus USAR-USD+0.0040%1h16.890−0.177%$145K$62K10xas long as short
Vest USAR-USD-PERP+0.0046%1h16.900−0.118%$4910xas long as short
tradeXYZ xyz:USAR+0.0050%1h16.896−0.142%$2.5M$962K10xas long as short
KuCoin USARUSDTM+0.0100%8h16.900−0.118%$283K$165K20xas long as short