Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against GRVT−0.059%103s7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1451.450% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 4 days (all we have)−0.195%−$19 · spread now −0.059%, 7d avg +0.028%

Together, before fees−0.205%+ Points / potential airdropGRVT: Active · farm board−$21 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: Bitget is 0.087% cheaper against GRVT than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.028%. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT USAR_USDT_Perp	16.940	0	get 0.0000% / 8h	4h 49m	$1K	$219K	10x
Short	Bitget USARUSDT	16.930	0	get 0.0000% / 8h	4h 49m	$344K	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.059%Rate

Funding earned: $0
Price spread: −0.059% → +0.028%: −$8.73
Slippage, 4 orders: −$124.03
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$153.76
Costs to cover: 1.450%
Break-even: never at this rate

Slippage from GRVT: live order book, 7 min ago; Bitget: live order book, 3 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, 7 min ago	8.85 bp	44.1 bp −$44	144.0 bp −$1,440	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.95 bp	21.5 bp −$21	48.5 bp −$485	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	16.911	−0.172%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.932	−0.048%	$3K	$156K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.940	0.000%	$2.4M	$5.1M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.920	−0.118%	$423K	$271K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.980	+0.236%	$983K	$1.3M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.940	0.000%	$500K	$434K	20x	as long as short
Bitget USARUSDTshort	0.0000%	8h	16.930	−0.059%	$344K	$3.7M	20x
Variational Omni USAR	0.0000%	8h	16.942	+0.012%	$60K	$8K	—	as long as short
GRVT USAR_USDT_Perplong	0.0000%	8h	16.940	long leg	$1K	$219K	10x
SunX USAR-USDT	0.0000%	8h	16.940	0.000%	$2K	$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	16.970	+0.177%	$7K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.925	−0.089%	$271K	$575K	10x	as long as short
Arcus USAR-USD	+0.0040%	1h	16.930	−0.059%	$146K	$62K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.940	0.000%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0050%	1h	16.935	−0.030%	$2.5M	$953K	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.920	−0.118%	$285K	$144K	20x	as long as short