Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.065%

Price spread now: Arcus against Gate−0.177%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$330as in the Price arb table

costs, in and out, $10k−$3213.209% of the position

Long on Gate Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.104%+$10 on $10k

Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.177%, 7d avg −0.081%

Together, before fees+0.215%+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.096% cheaper against Gate than usual: you would sell low and buy high (spread −0.177% now, against its 7-day average of −0.081%). If the spread goes back, that is −$10 on $10k: about 7.9 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.104% in total) that is about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate USAR_USDT	16.980	0	get 0.0000% / 8h	5h 14m	$501K	$438K	20x
Short	Arcus USAR-USD	16.950	0.0040	get 0.0005% / 1h	14m 42s	$146K	$62K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Gate. 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 GatebpFee ArcusbpOrdersPrice spread, now −0.177%Rate

Funding earned: $8.46
Price spread: −0.177% → −0.081%: −$9.56
Slippage, 4 orders: −$301.42
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$322.02
Costs to cover: 3.209%
Break-even: 273.5 days

Slippage from Gate: live order book, 46 min ago; Arcus: live order book, 48 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 Gate live order book, 46 min ago	8.85 bp	152.7 bp −$153	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 48 min ago	5.90 bp	13.8 bp −$14	18.7 bp −$187	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	16.954	−0.153%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.970	−0.061%	$788	$152K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.976	−0.021%	$2.4M	$5.1M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.960	−0.118%	$424K	$272K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	17.000	+0.118%	$1.0M	$1.3M	20x	as long as short
Gate USAR_USDTlong	0.0000%	8h	16.980	long leg	$501K	$438K	20x
Bitget USARUSDT	0.0000%	8h	16.990	+0.059%	$346K	$3.7M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.972	−0.049%	$60K	$8K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.970	−0.059%	$1K	$219K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.970	−0.059%	$1K	$6.8M	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	17.000	+0.118%	$7K	$9K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.966	−0.082%	$272K	$581K	10x	as long as short
Arcus USAR-USDshort	+0.0040%	1h	16.950	−0.177%	$146K	$62K	10x
tradeXYZ xyz:USAR	+0.0043%	1h	16.963	−0.100%	$2.5M	$948K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.960	−0.118%	—	$49	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.960	−0.118%	$285K	$138K	20x	as long as short