Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.026%

Price spread now: tradeXYZ against Bybit−0.172%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$206as in the Price arb table

costs, in and out, $10k−$1911.910% of the position

Long on Bybit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.253%+$25 on $10k

Price spread, last 4 days (all we have)+0.222%+$22 · spread now −0.172%, 7d avg −0.020%

Together, before fees+0.476%+ Points / potential airdroptradeXYZ: Active · farm board+$48 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.152% cheaper against Bybit than usual: you would sell low and buy high (spread −0.172% now, against its 7-day average of −0.020%). If the spread goes back, that is −$15 on $10k: about 10 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.253% in total) that is about 4.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit USARUSDT	16.890	0	get 0.0000% / 8h	4h 44m	$390K	$280K	25x
Short	tradeXYZ xyz:USAR	16.861	0.0050	get 0.0006% / 1h	44m 08s	$2.5M	$922K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.172%Rate

Funding earned: $10.5
Price spread: −0.172% → −0.020%: −$15.17
Slippage, 4 orders: −$161.99
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$195.65
Costs to cover: 1.910%
Break-even: 137.4 days

Slippage from Bybit: live order book, 54 min ago; tradeXYZ: live order book, 7 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	2.95 bp	87.9 bp −$88	222.6 bp −$2,226	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 7 min ago	2.07 bp	14.0 bp −$14	doesn't fit	doesn't fit	doesn't fit

USAR on 16 exchanges

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	16.906	+0.094%	$27K	$29K	20x	as long as short
Bybit USARUSDTlong	0.0000%	8h	16.890	long leg	$390K	$280K	25x
OKX USAR-USDT-SWAP	0.0000%	8h	16.910	+0.118%	$968K	$2.0M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.890	0.000%	$499K	$413K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.890	0.000%	$364K	$3.2M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.901	+0.063%	$57K	$8K	—	as long as short
SunX USAR-USDT	0.0000%	8h	16.890	0.000%	$2K	$4.9M	10x	as long as short
HTX USAR-USDT	0.0000%	8h	16.930	+0.237%	$7K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.886	−0.024%	$279K	$284K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.890	0.000%	—	$49	10x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:USARshort	+0.0050%	1h	16.861	−0.172%	$2.5M	$922K	10x
KuCoin USARUSDTM	+0.0100%	8h	16.880	−0.059%	$273K	$287K	20x	as long as short
Arcus USAR-USD	+0.0158%	1h	16.870	−0.118%	$145K	$34K	10x	as long as short
Extended USAR-USD	+0.0200%	1h	16.886	−0.025%	$3K	$197K	10x	as long as short
Binance USARUSDT	+0.0202%	8h	16.890	−0.003%	$2.5M	$5.2M	20x	as long as short
GRVT USAR_USDT_Perp	+0.0410%	8h	16.892	+0.014%	$1K	$236K	10x	as long as short