Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bitget0.000%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1071.066% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.095%+$9 on $10k

Price spread, last 7 days+0.032%+$3 · spread now 0.000%, 7d avg +0.029%

Together, before fees+0.127%+$13 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: OKX is 0.029% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget USARUSDT	16.860	0	get 0.0000% / 8h	4h 10m	$362K	$3.2M	20x
Short	OKX USAR-USDT-SWAP	16.860	0	get 0.0000% / 8h	4h 10m	$963K	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.029%: −$2.93
Slippage, 4 orders: −$84.6
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$109.53
Costs to cover: 1.066%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; OKX: live order book, 4 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, 5 min ago	5.92 bp	22.9 bp −$23	51.0 bp −$510	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	5.92 bp	31.1 bp −$31	130.9 bp −$1,309	doesn't fit	doesn't fit

USAR on 16 exchanges

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	16.879	+0.110%	$27K	$29K	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.860	0.000%	$456K	$301K	25x	as long as short
OKX USAR-USDT-SWAPshort	0.0000%	8h	16.860	0.000%	$963K	$2.0M	20x
Gate USAR_USDT	0.0000%	8h	16.850	−0.059%	$498K	$420K	20x	as long as short
Bitget USARUSDTlong	0.0000%	8h	16.860	long leg	$362K	$3.2M	20x
Variational Omni USAR	0.0000%	8h	16.850	−0.058%	$57K	$8K	—	as long as short
SunX USAR-USDT	0.0000%	8h	16.850	−0.059%	$2K	$4.8M	10x	as long as short
HTX USAR-USDT	0.0000%	8h	16.910	+0.297%	$7K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.860	0.000%	$278K	$285K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.860	0.000%	—	$49	10x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:USAR	+0.0050%	1h	16.860	0.000%	$2.5M	$923K	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.840	−0.119%	$272K	$328K	20x	as long as short
Binance USARUSDT	+0.0142%	8h	16.854	−0.034%	$2.5M	$5.1M	20x	as long as short
Extended USAR-USD	+0.0144%	1h	16.849	−0.068%	$1K	$199K	10x	as long as short
Arcus USAR-USD	+0.0158%	1h	16.850	−0.059%	$145K	$34K	10x	as long as short
GRVT USAR_USDT_Perp	+0.0168%	8h	16.880	+0.119%	$1K	$238K	10x	as long as short