Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h +0.007%

Price spread now: Extended against Bybit−0.021%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$226as in the Funding arb table

Net, price: spread back to 7d avg − costs−$234as in the Price arb table

costs, in and out, $10k−$2302.305% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.021%, 7d avg +0.014%

Together, before fees+0.085%+ Points / potential airdropExtended: Active · farm board+$9 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: Extended is 0.035% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit USARUSDT	17.050	0	get 0.0000% / 8h	7h 37m	$428K	$272K	25x
Short	Extended USAR-USD	17.046	0.0008	get 0.0001% / 1h	37m 30s	$4K	$177K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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 BybitbpFee ExtendedbpOrdersPrice spread, now −0.021%Rate

Funding earned: $1.68
Price spread: −0.021% → +0.014%: −$3.46
Slippage, 4 orders: −$214.48
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$232.26
Costs to cover: 2.305%
Break-even: 974.7 days

Slippage from Bybit: live order book, 27 min ago; Extended: live order book, 34 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 Bybit live order book, 27 min ago	5.87 bp	94.3 bp −$94	220.0 bp −$2,200	doesn't fit	doesn't fit
Sell Extended live order book, 34 min ago	6.75 bp	25.2 bp −$25	166.4 bp −$1,664	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
Aster USARUSDT	0.0000%	8h	17.043	−0.041%	$27K	$29K	20x	as long as short
Bybit USARUSDTlong	0.0000%	8h	17.050	long leg	$428K	$272K	25x
OKX USAR-USDT-SWAP	0.0000%	8h	17.070	+0.117%	$994K	$1.1M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	17.040	−0.059%	$525K	$416K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	17.050	0.000%	$371K	$3.7M	20x	as long as short
Variational Omni USAR	0.0000%	8h	17.042	−0.045%	$58K	$6K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	17.047	−0.015%	$1K	$232K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	17.030	−0.117%	$2K	$7.2M	10x	as long as short
HTX USAR-USDT	0.0000%	8h	17.070	+0.117%	$8K	$7K	20x	as long as short
Binance USARUSDT	+0.0005%	8h	17.050	0.000%	$2.5M	$5.2M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended USAR-USDshort	+0.0008%	1h	17.046	−0.021%	$4K	$177K	10x
Lighter RH USAR	+0.0032%	1h	17.051	+0.006%	$273K	$616K	10x	as long as short
Arcus USAR-USD	+0.0040%	1h	17.030	−0.117%	$147K	$61K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	17.070	+0.117%	—	$49	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	17.050	0.000%	$288K	$122K	20x	as long as short
tradeXYZ xyz:USAR	+0.0101%	1h	17.065	+0.088%	$2.6M	$945K	10x	as long as short