Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Bybit+0.059%46s7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$440as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$4384.380% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 3 days (all we have)+0.038%+$4 · spread now +0.059%, 7d avg +0.010%

Together, before fees+0.020%+$2 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: SunX is 0.049% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.010%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit USARUSDT	16.870	0	get 0.0000% / 8h	2h 06m	$432K	$301K	25x
Short	SunX USAR-USDT	16.880	0	get 0.0000% / 8h	2h 06m	$1K	$7.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.059%Rate

Funding earned: $0
Price spread: +0.059% → +0.010%: $4.92
Slippage, 4 orders: −$418.99
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$433.07
Costs to cover: 4.380%
Break-even: never at this rate

Slippage from Bybit: live order book, 8 min ago; SunX: live order book, 12 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, 8 min ago	11.87 bp	89.6 bp −$90	218.7 bp −$2,187	doesn't fit	doesn't fit
Sell SunX live order book, 12 min ago	50.40 bp	144.9 bp −$145	doesn't fit	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	16.883	+0.076%	$27K	$29K	20x	as long as short
Bybit USARUSDTlong	0.0000%	8h	16.870	long leg	$432K	$301K	25x
OKX USAR-USDT-SWAP	0.0000%	8h	16.910	+0.237%	$971K	$1.1M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.870	0.000%	$519K	$436K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.910	+0.237%	$358K	$4.0M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.885	+0.087%	$58K	$6K	—	as long as short
SunX USAR-USDTshort	0.0000%	8h	16.880	+0.059%	$1K	$7.4M	10x
GRVT USAR_USDT_Perp	+0.0001%	8h	16.883	+0.075%	$1K	$247K	10x	as long as short
Lighter RH USAR	+0.0032%	1h	16.877	+0.041%	$272K	$792K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.890	+0.119%	—	$49	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended USAR-USD	+0.0048%	1h	16.878	+0.047%	$4K	$181K	10x	as long as short
Binance USARUSDT	+0.0054%	8h	16.880	+0.059%	$2.5M	$5.5M	20x	as long as short
HTX USAR-USDT	+0.0065%	8h	16.920	+0.296%	$8K	$8K	20x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.870	0.000%	$289K	$105K	20x	as long as short
tradeXYZ xyz:USAR	+0.0102%	1h	16.873	+0.018%	$2.6M	$936K	10x	as long as short
Arcus USAR-USD	+0.0457%	1h	16.880	+0.059%	$146K	$64K	10x	as long as short