Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.031%

Price spread now: tradeXYZ against GRVT+0.125%46s7-day average −0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as 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 tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.270%+$27 on $10k

Price spread, last 4 days (all we have)−0.375%−$37 · spread now +0.125%, 7d avg −0.095%

Together, before fees−0.104%+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm board−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.220% dearer against GRVT than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.095%. The two prices were read 46 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	16.830	0	get 0.0000% / 8h	3h 16m	$1K	$225K	10x
Short	tradeXYZ xyz:USAR	16.851	0.0050	get 0.0006% / 1h	16m 46s	$2.5M	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.125%Rate

Funding earned: $10.5
Price spread: +0.125% → −0.095%: $21.95
Slippage, 4 orders: −$118
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$112.55
Costs to cover: 1.450%
Break-even: 82.0 days

Slippage from GRVT: live order book, 36 min ago; tradeXYZ: live order book, 11 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, 36 min ago	8.86 bp	60.3 bp −$60	162.7 bp −$1,627	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 11 min ago	2.67 bp	15.5 bp −$15	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	16.856	+0.152%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.875	+0.269%	$951	$159K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.880	+0.297%	$2.4M	$5.3M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.860	+0.178%	$420K	$282K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.910	+0.475%	$964K	$1.7M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.890	+0.357%	$495K	$452K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.880	+0.297%	$341K	$3.8M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.837	+0.042%	$59K	$8K	—	as long as short
GRVT USAR_USDT_Perplong	0.0000%	8h	16.830	long leg	$1K	$225K	10x
SunX USAR-USDT	0.0000%	8h	16.870	+0.238%	$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	16.880	+0.297%	$8K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.862	+0.190%	$267K	$565K	10x	as long as short
Arcus USAR-USD	+0.0040%	1h	16.840	+0.059%	$145K	$62K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.860	+0.178%	—	$49	10x	as long as short
tradeXYZ xyz:USARshort	+0.0050%	1h	16.851	+0.125%	$2.5M	$1.0M	10x
KuCoin USARUSDTM	+0.0100%	8h	16.860	+0.178%	$280K	$171K	20x	as long as short