Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0354%/8h= +38.7% APRpaid last 24h +0.037%

Price spread now: Arcus against KuCoin+0.059%7-day average −0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$528as in the Price arb table

costs, in and out, $10k−$5405.400% of the position

Long on KuCoin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.039%−$4 on $10k

Price spread, last 4 days (all we have)−0.234%−$23 · spread now +0.059%, 7d avg −0.062%

Together, before fees−0.272%−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Arcus is 0.120% dearer against KuCoin than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.062%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.039% in total (about -3.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin USARUSDTM	16.980	0.0100	pay 0.0100% / 8h	5h 07m	$277K	$275K	20x
Short	Arcus USAR-USD	16.990	0.0454	get 0.0057% / 1h	7m 59s	$146K	$34K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against KuCoin. 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 KuCoinbpFee ArcusbpOrdersPrice spread, now +0.059%Rate

Funding earned: $74.29
Price spread: +0.059% → −0.062%: $12.05
Slippage, 4 orders: −$523.52
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$453.68
Costs to cover: 5.400%
Break-even: 49.7 days

Slippage from KuCoin: live order book, 26 min ago; Arcus: live order book, 38 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 KuCoin live order book, 26 min ago	2.95 bp	321.1 bp −$321	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 38 min ago	5.90 bp	13.8 bp −$14	14.7 bp −$147	49.3 bp −$4,926	doesn't fit

USAR on 16 exchanges

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	16.978	−0.013%	$27K	$29K	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.990	+0.059%	$389K	$289K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	17.020	+0.236%	$989K	$2.0M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	17.000	+0.118%	$502K	$430K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.980	0.000%	$385K	$3.3M	20x	as long as short
Variational Omni USAR	0.0000%	8h	17.001	+0.122%	$57K	$10K	—	as long as short
SunX USAR-USDT	0.0000%	8h	17.000	+0.118%	$1K	$5.2M	10x	as long as short
HTX USAR-USDT	0.0000%	8h	17.030	+0.294%	$7K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.991	+0.065%	$281K	$316K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	17.010	+0.177%	—	$49	10x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:USAR	+0.0050%	1h	16.987	+0.041%	$2.5M	$918K	10x	as long as short
KuCoin USARUSDTMlong	+0.0100%	8h	16.980	long leg	$277K	$275K	20x
Extended USAR-USD	+0.0176%	1h	17.001	+0.123%	$5K	$197K	10x	as long as short
Binance USARUSDT	+0.0177%	8h	17.006	+0.156%	$2.5M	$5.2M	20x	as long as short
Arcus USAR-USDshort	+0.0454%	1h	16.990	+0.059%	$146K	$34K	10x
GRVT USAR_USDT_Perp	+0.0477%	8h	17.007	+0.160%	$1K	$237K	10x	as long as short