Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0532%/8h= −58.3% APRpaid last 24h +0.010%

Price spread now: Lighter RH against GRVT−0.006%7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$920.921% of the position

Long on GRVT Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 3 days (all we have)−0.232%−$23 · spread now −0.006%, 7d avg −0.091%

Together, before fees−0.161%+ Points / potential airdropGRVT: Active · Lighter RH: Points live · farm board−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.086% dearer against GRVT than usual: you sell high and buy low (spread −0.006% now, against its 7-day average of −0.091%): +$9 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 13 hours. Mind the row above: over the last 7 days funding on this pair paid +0.071%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.071% in total (about 3.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT USAR_USDT_Perp	17.060	0.0572	pay 0.0572% / 8h	7h 53m	$1K	$235K	10x
Short	Lighter RH USAR	17.059	0.0040	get 0.0005% / 1h	53m 14s	$273K	$616K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$111.72
Price spread: −0.006% → −0.091%: $8.55
Slippage, 4 orders: −$83.08
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$195.25
Costs to cover: 0.921%
Break-even: never at this rate

Slippage from GRVT: live order book, 19 min ago; Lighter RH: live order book, 19 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, 19 min ago	8.80 bp	36.7 bp −$37	86.4 bp −$864	doesn't fit	doesn't fit
Sell Lighter RH live order book, 19 min ago	7.04 bp	8.3 bp −$8	22.2 bp −$222	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	17.054	−0.033%	$27K	$29K	20x	as long as short
Bybit USARUSDT	0.0000%	8h	17.060	0.000%	$428K	$270K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	17.070	+0.059%	$995K	$1.1M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	17.050	−0.059%	$525K	$415K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	17.060	0.000%	$368K	$3.8M	20x	as long as short
Variational Omni USAR	0.0000%	8h	17.063	+0.016%	$58K	$6K	—	as long as short
SunX USAR-USDT	0.0000%	8h	17.040	−0.117%	$2K	$7.3M	10x	as long as short
HTX USAR-USDT	0.0000%	8h	17.090	+0.176%	$8K	$7K	20x	as long as short
Extended USAR-USD	+0.0032%	1h	17.053	−0.043%	$4K	$177K	10x	as long as short
Binance USARUSDT	+0.0033%	8h	17.057	−0.015%	$2.5M	$5.3M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH USARshort	+0.0040%	1h	17.059	−0.006%	$273K	$616K	10x
Arcus USAR-USD	+0.0040%	1h	17.040	−0.117%	$147K	$62K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	17.060	0.000%	—	$49	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	17.060	0.000%	$289K	$121K	20x	as long as short
tradeXYZ xyz:USAR	+0.0555%	1h	17.050	−0.059%	$2.5M	$946K	10x	as long as short
GRVT USAR_USDT_Perplong	+0.0572%	8h	17.060	long leg	$1K	$235K	10x