Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.065%

Price spread now: Arcus against GRVT−0.104%7-day average −0.128% · 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−$174as in the Price arb table

costs, in and out, $10k−$1771.768% of the position

Long on GRVT Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.092%+$9 on $10k

Price spread, last 4 days (all we have)−0.168%−$17 · spread now −0.104%, 7d avg −0.128%

Together, before fees−0.077%+ Points / potential airdropGRVT: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.025% dearer against GRVT than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.128%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT USAR_USDT_Perp	16.757	0	get 0.0000% / 8h	1h 33m	$2K	$231K	10x
Short	Arcus USAR-USD	16.740	0.0040	get 0.0005% / 1h	33m 01s	$144K	$63K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against GRVT. 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 GRVTbpFee ArcusbpOrdersPrice spread, now −0.104%Rate

Funding earned: $8.46
Price spread: −0.104% → −0.128%: $2.45
Slippage, 4 orders: −$163.29
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$165.88
Costs to cover: 1.768%
Break-even: 144.3 days

Slippage from GRVT: live order book, 9 min ago; Arcus: live order book, 10 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 GRVT live order book, 9 min ago	8.94 bp	102.0 bp −$102	244.4 bp −$2,444	doesn't fit	doesn't fit
Sell Arcus live order book, 10 min ago	5.97 bp	13.9 bp −$14	19.0 bp −$190	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
Bitget USARUSDT	−0.0064%	8h	16.770	+0.075%	$331K	$3.8M	20x	as long as short
Aster USARUSDT	0.0000%	8h	16.777	+0.117%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.765	+0.048%	$3K	$238K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.768	+0.063%	$2.4M	$5.5M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.750	−0.044%	$417K	$287K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.770	+0.075%	$889K	$1.9M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.770	+0.075%	$495K	$471K	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.752	−0.032%	$59K	$8K	—	as long as short
GRVT USAR_USDT_Perplong	0.0000%	8h	16.757	long leg	$2K	$231K	10x
SunX USAR-USDT	0.0000%	8h	16.760	+0.016%	$2K	$6.7M	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	16.790	+0.195%	$8K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.756	−0.008%	$265K	$545K	10x	as long as short
Arcus USAR-USDshort	+0.0040%	1h	16.740	−0.104%	$144K	$63K	10x
Vest USAR-USD-PERP	+0.0046%	1h	16.750	−0.044%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0050%	1h	16.753	−0.026%	$2.5M	$1.1M	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.760	+0.016%	$278K	$196K	20x	as long as short