Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against Bybit+0.048%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1241.242% of the position

Long on Bybit Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.048%, 7d avg −0.025%

Together, before fees−0.001%+ Points / potential airdropLighter RH: Points live · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.072% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit USARUSDT	16.740	0	get 0.0000% / 8h	2h 29m	$418K	$286K	25x
Short	Lighter RH USAR	16.748	0.0032	get 0.0004% / 1h	29m 38s	$265K	$552K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.048%Rate

Funding earned: $6.72
Price spread: +0.048% → −0.025%: $7.25
Slippage, 4 orders: −$113.25
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$110.28
Costs to cover: 1.242%
Break-even: 121.9 days

Slippage from Bybit: live order book, 10 min ago; Lighter RH: live order book, 18 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, 10 min ago	5.96 bp	50.1 bp −$50	201.9 bp −$2,019	doesn't fit	doesn't fit
Sell Lighter RH live order book, 18 min ago	10.97 bp	11.4 bp −$11	23.3 bp −$233	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	16.803	+0.378%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.755	+0.092%	$3K	$254K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.760	+0.119%	$2.4M	$5.4M	20x	as long as short
Bybit USARUSDTlong	0.0000%	8h	16.740	long leg	$418K	$286K	25x
OKX USAR-USDT-SWAP	0.0000%	8h	16.750	+0.060%	$896K	$1.9M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.760	+0.119%	$489K	$454K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.760	+0.119%	$331K	$3.8M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.747	+0.044%	$59K	$8K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.750	+0.059%	$918	$225K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.750	+0.060%	$2K	$6.7M	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX USAR-USDT	0.0000%	8h	16.780	+0.239%	$8K	$8K	20x	as long as short
Lighter RH USARshort	+0.0032%	1h	16.748	+0.048%	$265K	$552K	10x
Arcus USAR-USD	+0.0040%	1h	16.740	0.000%	$144K	$62K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.740	0.000%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0050%	1h	16.743	+0.018%	$2.5M	$1.1M	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.750	+0.060%	$279K	$183K	20x	as long as short