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 +0.050%

Price spread now: OKX against GRVT+0.144%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$1521.522% of the position

Long on GRVT Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.082%+$8 on $10k

Price spread, last 3 days (all we have)−0.237%−$24 · spread now +0.144%, 7d avg +0.033%

Together, before fees−0.155%+ Points / potential airdropGRVT: Active · farm board−$16 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: OKX is 0.111% dearer against GRVT than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT USAR_USDT_Perp	16.936	0	get 0.0000% / 8h	1h 17m	$1K	$240K	10x
Short	OKX USAR-USDT-SWAP	16.960	0	get 0.0000% / 8h	1h 17m	$971K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.144%Rate

Funding earned: $0
Price spread: +0.144% → +0.033%: $11.13
Slippage, 4 orders: −$133.22
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$141.09
Costs to cover: 1.522%
Break-even: never at this rate

Slippage from GRVT: live order book, 65 min ago; OKX: live order book, 4 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, 65 min ago	8.89 bp	30.2 bp −$30	147.1 bp −$1,471	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	5.90 bp	19.2 bp −$19	692.4 bp −$6,924	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	16.935	−0.003%	$27K	$29K	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.950	+0.085%	$432K	$272K	25x	as long as short
OKX USAR-USDT-SWAPshort	0.0000%	8h	16.960	+0.144%	$971K	$1.1M	20x
Gate USAR_USDT	0.0000%	8h	16.940	+0.026%	$521K	$433K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.950	+0.085%	$360K	$3.8M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.933	−0.016%	$58K	$6K	—	as long as short
GRVT USAR_USDT_Perplong	0.0000%	8h	16.936	long leg	$1K	$240K	10x
SunX USAR-USDT	0.0000%	8h	16.950	+0.085%	$531	$7.3M	10x	as long as short
HTX USAR-USDT	+0.0022%	8h	16.970	+0.203%	$8K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.955	+0.115%	$274K	$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	16.970	+0.203%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0050%	1h	16.955	+0.115%	$2.6M	$911K	10x	as long as short
Extended USAR-USD	+0.0080%	1h	16.947	+0.065%	$4K	$181K	10x	as long as short
Binance USARUSDT	+0.0081%	8h	16.950	+0.085%	$2.5M	$5.2M	20x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.930	−0.033%	$288K	$106K	20x	as long as short
Arcus USAR-USD	+0.0753%	1h	16.950	+0.085%	$146K	$62K	10x	as long as short