USAR

Funding pays, the price is against you. Binance is 0.065% cheaper against Bybit than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.065%). If the spread goes back, that is −$7 on $10k: about 24 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.032% in total) that is about 14 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.032% in total (about 1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.21 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.