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 Bybit+0.060%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$601as in the Funding arb table
Net, price: spread back to 7d avg − costs−$618as in the Price arb table
costs, in and out, $10k−$6236.231% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.220%+$22 on $10k
Price spread, last 4 days (all we have)+0.088%+$9 · spread now +0.060%, 7d avg +0.011%
Together, before fees+0.308%+$31 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.048% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit USARUSDT16.7900get 0.0000% / 8h1h 49m$419K$287K25x
ShortKuCoin USARUSDTM16.8000.0100get 0.0100% / 8h1h 49m$278K$192K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$21
Price spread: +0.060% → +0.011%
$4.81
Slippage, 4 orders
−$600.13
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$597.32
Costs to cover
6.231%
Break-even
206.1 days
Slippage from Bybit: live order book, 50 min ago; KuCoin: live order book, 68 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 Bybit live order book, 50 min ago5.96 bp50.1 bp −$50201.9 bp −$2,019doesn't fitdoesn't fit
Sell KuCoin live order book, 68 min ago8.89 bp245.8 bp −$246doesn'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
Bitget USARUSDT−0.0024%8h16.820+0.179%$332K$3.8M20xas long as short
Aster USARUSDT0.0000%8h16.793+0.019%$27K$29K20xas long as short
Extended USAR-USD0.0000%1h16.786−0.027%$3K$251K10xas long as short
Binance USARUSDT0.0000%8h16.7900.000%$2.4M$5.4M20xas long as short
Bybit USARUSDTlong0.0000%8h16.790long leg$419K$287K25x
OKX USAR-USDT-SWAP0.0000%8h16.7900.000%$891K$1.9M20xas long as short
Gate USAR_USDT0.0000%8h16.780−0.060%$495K$468K20xas long as short
Variational Omni USAR0.0000%8h16.782−0.046%$59K$8Kas long as short
GRVT USAR_USDT_Perp0.0000%8h16.800+0.060%$1K$229K10xas long as short
SunX USAR-USDT0.0000%8h16.7900.000%$841$6.7M10xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX USAR-USDT0.0000%8h16.810+0.119%$8K$8K20xas long as short
Lighter RH USAR+0.0032%1h16.787−0.018%$266K$545K10xas long as short
Arcus USAR-USD+0.0040%1h16.770−0.119%$144K$63K10xas long as short
Vest USAR-USD-PERP+0.0046%1h16.7900.000%$4910xas long as short
tradeXYZ xyz:USAR+0.0050%1h16.780−0.060%$2.5M$1.1M10xas long as short
KuCoin USARUSDTMshort+0.0100%8h16.800+0.060%$278K$192K20x