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 Bybit+0.180%7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$243as in the Funding arb table

Net, price: spread back to 7d avg − costs−$242as in the Price arb table

costs, in and out, $10k−$2512.511% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.082%+$8 on $10k

Price spread, last 4 days (all we have)−0.115%−$12 · spread now +0.180%, 7d avg +0.093%

Together, before fees−0.033%−$3 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 0.087% dearer against Bybit than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit USARUSDT	16.640	0	get 0.0000% / 8h	7h 36m	$409K	$289K	25x
Short	OKX USAR-USDT-SWAP	16.670	0	get 0.0000% / 8h	7h 36m	$875K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.180%Rate

Funding earned: $0
Price spread: +0.180% → +0.093%: $8.73
Slippage, 4 orders: −$230.1
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$242.37
Costs to cover: 2.511%
Break-even: never at this rate

Slippage from Bybit: live order book, 54 min ago; OKX: live order book, 1 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, 54 min ago	5.97 bp	99.2 bp −$99	224.5 bp −$2,245	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	5.99 bp	34.9 bp −$35	105.6 bp −$1,056	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	16.660	+0.120%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.647	+0.044%	$7	$203K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.653	+0.077%	$2.4M	$5.4M	20x	as long as short
Bybit USARUSDTlong	0.0000%	8h	16.640	long leg	$409K	$289K	25x
OKX USAR-USDT-SWAPshort	0.0000%	8h	16.670	+0.180%	$875K	$1.9M	20x
Gate USAR_USDT	0.0000%	8h	16.650	+0.060%	$492K	$446K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.660	+0.120%	$348K	$3.7M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.652	+0.074%	$58K	$9K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.660	+0.121%	$1K	$230K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.660	+0.120%	$1K	$6.3M	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	16.680	+0.240%	$7K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.658	+0.108%	$264K	$412K	10x	as long as short
Arcus USAR-USD	+0.0040%	1h	16.660	+0.120%	$143K	$59K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.660	+0.120%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0050%	1h	16.639	−0.006%	$2.5M	$1.1M	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.650	+0.060%	$275K	$204K	20x	as long as short