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 −0.015%

Price spread now: Gate against GRVT−0.103%96s7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$374as 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−$3703.703% of the position

Long on GRVT Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 3 days (all we have)−0.152%−$15 · spread now −0.103%, 7d avg −0.031%

Together, before fees−0.190%+ Points / potential airdropGRVT: Active · farm board−$19 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: Gate is 0.073% cheaper against GRVT than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.031%. The two prices were read 96 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	16.897	0	get 0.0000% / 8h	1h 35m	$1K	$241K	10x
Short	Gate USAR_USDT	16.880	0	get 0.0000% / 8h	1h 35m	$520K	$432K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.103%Rate

Funding earned: $0
Price spread: −0.103% → −0.031%: −$7.26
Slippage, 4 orders: −$346.28
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$377.55
Costs to cover: 3.703%
Break-even: never at this rate

Slippage from GRVT: live order book, 47 min ago; Gate: live order book, 45 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, 47 min ago	8.89 bp	30.2 bp −$30	147.1 bp −$1,471	doesn't fit	doesn't fit
Sell Gate live order book, 45 min ago	14.83 bp	129.1 bp −$129	doesn't fit	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	16.884	−0.077%	$27K	$29K	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.870	−0.162%	$430K	$272K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.900	+0.015%	$968K	$1.1M	20x	as long as short
Gate USAR_USDTshort	0.0000%	8h	16.880	−0.103%	$520K	$432K	20x
Bitget USARUSDT	0.0000%	8h	16.890	−0.044%	$358K	$3.8M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.893	−0.026%	$58K	$6K	—	as long as short
GRVT USAR_USDT_Perplong	0.0000%	8h	16.897	long leg	$1K	$241K	10x
SunX USAR-USDT	0.0000%	8h	16.890	−0.044%	$1K	$7.4M	10x	as long as short
HTX USAR-USDT	+0.0016%	8h	16.910	+0.074%	$8K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.890	−0.044%	$272K	$692K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest USAR-USD-PERP	+0.0046%	1h	16.870	−0.162%	—	$49	10x	as long as short
Extended USAR-USD	+0.0056%	1h	16.891	−0.036%	$4K	$181K	10x	as long as short
Binance USARUSDT	+0.0058%	8h	16.895	−0.012%	$2.5M	$5.2M	20x	as long as short
tradeXYZ xyz:USAR	+0.0066%	1h	16.891	−0.038%	$2.6M	$910K	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.890	−0.044%	$289K	$104K	20x	as long as short
Arcus USAR-USD	+0.0753%	1h	16.880	−0.103%	$146K	$62K	10x	as long as short