Funding you earn now, next payment 12:00 UTC−0.0184%/8h= −20.1% APRnext payment −$0.23 per $10,000 · paid last 24h +0.005%
Price spread now: Lighter RH against Extended−0.079%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$780.775% of the position
Funding, last 7 days+0.030%+$3 on $10k
+Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.079%, 7d avg −0.034%
=Together, before fees+0.072%+ Points / potential airdropExtended: Active · Lighter RH: Points live · farm board+$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Lighter RH is 0.046% cheaper against Extended than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.034%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.030% in total (about 1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.23 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended USAR-USD | 16.905 | 0.0216 | pay 0.0027% / 1h | 47m 22s | $3K | $197K | 10x |
| Short | Lighter RH USAR | 16.892 | 0.0032 | get 0.0004% / 1h | 47m 22s | $279K | $284K | 10x |
Extended USAR-USD
Lighter RH USARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$38.64
- Price spread: −0.079% → −0.034%
- −$4.57
- Slippage, 4 orders
- −$72.53
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$120.74
- Costs to cover
- 0.775%
- Break-even
- never at this rate
Slippage from Extended: live order book, 56 min ago; Lighter RH: live order book, 58 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 Extended live order book, 56 min ago | 7.37 bp | 28.9 bp −$29 | 216.0 bp −$2,160 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 58 min ago | 7.67 bp | 12.2 bp −$12 | 26.9 bp −$269 | 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 | 16.927 | +0.129% | $27K | $29K | 20x | as long as short |
| Bybit USARUSDT | 0.0000% | 8h | 16.910 | +0.027% | $387K | $280K | 25x | as long as short |
| OKX USAR-USDT-SWAP | 0.0000% | 8h | 16.920 | +0.086% | $984K | $2.0M | 20x | as long as short |
| Gate USAR_USDT | 0.0000% | 8h | 16.910 | +0.027% | $500K | $412K | 20x | as long as short |
| Bitget USARUSDT | 0.0000% | 8h | 16.910 | +0.027% | $370K | $3.2M | 20x | as long as short |
| Variational Omni USAR | 0.0000% | 8h | 16.941 | +0.207% | $57K | $8K | — | as long as short |
| SunX USAR-USDT | 0.0000% | 8h | 16.890 | −0.091% | $1K | $5.0M | 10x | as long as short |
| HTX USAR-USDT | 0.0000% | 8h | 16.960 | +0.323% | $7K | $8K | 20x | as long as short |
| Lighter RH USARshort | +0.0032% | 1h | 16.892 | −0.079% | $279K | $284K | 10x | |
| Vest USAR-USD-PERP | +0.0046% | 1h | 16.890 | −0.091% | — | $49 | 10x | as long as short |
Aster USARUSDT
Bybit USARUSDT
OKX USAR-USDT-SWAP
Gate USAR_USDT
Bitget USARUSDT
Variational Omni USAR
SunX USAR-USDT
HTX USAR-USDT
Vest USAR-USD-PERPShow all 16 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:USAR | +0.0050% | 1h | 16.895 | −0.062% | $2.5M | $910K | 10x | as long as short |
| KuCoin USARUSDTM | +0.0100% | 8h | 16.900 | −0.032% | $274K | $285K | 20x | as long as short |
| Arcus USAR-USD | +0.0158% | 1h | 16.900 | −0.032% | $145K | $34K | 10x | as long as short |
| Binance USARUSDT | +0.0209% | 8h | 16.921 | +0.094% | $2.5M | $5.1M | 20x | as long as short |
| Extended USAR-USDlong | +0.0216% | 1h | 16.905 | long leg | $3K | $197K | 10x | |
| GRVT USAR_USDT_Perp | +0.0429% | 8h | 16.891 | −0.083% | $1K | $237K | 10x | as long as short |
tradeXYZ xyz:USAR
KuCoin USARUSDTM
Arcus USAR-USD
Binance USARUSDT
GRVT USAR_USDT_Perp