Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Extended against GRVT+0.169%7-day average −0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$185as in the Funding arb table

Net, price: spread back to 7d avg − costs−$166as in the Price arb table

costs, in and out, $10k−$1891.889% of the position

Long on GRVT Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)−0.913%−$91 · spread now +0.169%, 7d avg −0.058%

Together, before fees−0.872%+ Points / potential airdropGRVT: Active · Extended: Active · farm board−$87 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: Extended is 0.227% dearer against GRVT than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT USAR_USDT_Perp	16.681	0	get 0.0000% / 8h	7h 51m	$1K	$232K	10x
Short	Extended USAR-USD	16.709	0	get 0.0000% / 1h	51m 14s	$7	$203K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.169%Rate

Funding earned: $0
Price spread: +0.169% → −0.058%: $22.69
Slippage, 4 orders: −$174.92
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$166.23
Costs to cover: 1.889%
Break-even: never at this rate

Slippage from GRVT: live order book, 46 min ago; Extended: live order book, 44 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, 46 min ago	11.93 bp	89.2 bp −$89	249.1 bp −$2,491	doesn't fit	doesn't fit
Sell Extended live order book, 44 min ago	5.97 bp	26.3 bp −$26	172.3 bp −$1,723	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
tradeXYZ xyz:USAR	−0.0051%	1h	16.728	+0.284%	$2.5M	$1.1M	10x	as long as short
Aster USARUSDT	0.0000%	8h	16.717	+0.221%	$27K	$29K	20x	as long as short
Extended USAR-USDshort	0.0000%	1h	16.709	+0.169%	$7	$203K	10x
Binance USARUSDT	0.0000%	8h	16.712	+0.191%	$2.4M	$5.5M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.720	+0.236%	$411K	$293K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.740	+0.356%	$880K	$1.9M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.720	+0.236%	$494K	$443K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.710	+0.176%	$347K	$3.7M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.717	+0.220%	$59K	$9K	—	as long as short
GRVT USAR_USDT_Perplong	0.0000%	8h	16.681	long leg	$1K	$232K	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX USAR-USDT	0.0000%	8h	16.710	+0.176%	$1K	$6.6M	10x	as long as short
HTX USAR-USDT	0.0000%	8h	16.660	−0.123%	$7K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.708	+0.164%	$265K	$412K	10x	as long as short
Arcus USAR-USD	+0.0040%	1h	16.710	+0.176%	$144K	$61K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.710	+0.176%	—	$49	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.700	+0.116%	$276K	$206K	20x	as long as short