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: Bybit against Gate+0.059%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$300as in the Funding arb table

Net, price: spread back to 7d avg − costs−$294as in the Price arb table

costs, in and out, $10k−$3023.017% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.124%−$12 · spread now +0.059%, 7d avg −0.023%

Together, before fees−0.106%−$11 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: Bybit is 0.082% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate USAR_USDT	17.040	0	get 0.0000% / 8h	4m 09s	$525K	$436K	20x
Short	Bybit USARUSDT	17.050	0	get 0.0000% / 8h	4m 09s	$428K	$277K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.059%Rate

Funding earned: $0
Price spread: +0.059% → −0.023%: $8.16
Slippage, 4 orders: −$275.68
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$293.53
Costs to cover: 3.017%
Break-even: never at this rate

Slippage from Gate: live order book, 7 min ago; Bybit: live order book, 66 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, 7 min ago	8.81 bp	139.4 bp −$139	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 66 min ago	2.95 bp	41.1 bp −$41	197.3 bp −$1,973	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	17.040	+0.001%	$27K	$29K	20x	as long as short
Bybit USARUSDTshort	0.0000%	8h	17.050	+0.059%	$428K	$277K	25x
OKX USAR-USDT-SWAP	0.0000%	8h	17.050	+0.059%	$1.0M	$1.1M	20x	as long as short
Gate USAR_USDTlong	0.0000%	8h	17.040	long leg	$525K	$436K	20x
Bitget USARUSDT	0.0000%	8h	17.050	+0.059%	$364K	$3.9M	20x	as long as short
Variational Omni USAR	0.0000%	8h	17.053	+0.075%	$58K	$6K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	17.046	+0.035%	$1K	$236K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	17.040	0.000%	$2K	$7.3M	10x	as long as short
HTX USAR-USDT	0.0000%	8h	17.090	+0.293%	$8K	$7K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	17.035	−0.029%	$273K	$686K	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	+0.0032%	1h	17.043	+0.019%	$4K	$181K	10x	as long as short
Binance USARUSDT	+0.0036%	8h	17.046	+0.033%	$2.5M	$5.3M	20x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	17.050	+0.059%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0050%	1h	17.050	+0.059%	$2.5M	$956K	10x	as long as short
Arcus USAR-USD	+0.0100%	1h	17.040	0.000%	$147K	$62K	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	17.050	+0.059%	$288K	$118K	20x	as long as short