Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.028%

Price spread now: Extended against KuCoin+0.145%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$728as in the Funding arb table

Net, price: spread back to 7d avg − costs−$695as in the Price arb table

costs, in and out, $10k−$7107.097% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.181%−$18 on $10k

Price spread, last 4 days (all we have)−0.222%−$22 · spread now +0.145%, 7d avg +0.002%

Together, before fees−0.403%+ Points / potential airdropExtended: Active · farm board−$40 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.144% dearer against KuCoin than usual: you sell high and buy low (spread +0.145% now, against its 7-day average of +0.002%): +$14 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin USARUSDTM	16.730	0.0100	pay 0.0100% / 8h	17m 09s	$277K	$205K	20x
Short	Extended USAR-USD	16.754	0	get 0.0000% / 1h	17m 09s	$2K	$201K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now +0.145%Rate

Funding earned: −$21
Price spread: +0.145% → +0.002%: $14.36
Slippage, 4 orders: −$692.67
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$716.32
Costs to cover: 7.097%
Break-even: never at this rate

Slippage from KuCoin: live order book, 15 min ago; Extended: 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 KuCoin live order book, 15 min ago	2.98 bp	335.3 bp −$335	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 19 min ago	5.97 bp	26.3 bp −$26	172.3 bp −$1,723	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
Bitget USARUSDT	−0.0029%	8h	16.750	+0.120%	$342K	$3.9M	20x	as long as short
Aster USARUSDT	0.0000%	8h	16.755	+0.148%	$27K	$29K	20x	as long as short
Extended USAR-USDshort	0.0000%	1h	16.754	+0.145%	$2K	$201K	10x
Binance USARUSDT	0.0000%	8h	16.760	+0.179%	$2.4M	$5.5M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.740	+0.060%	$415K	$291K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.770	+0.239%	$885K	$1.9M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.760	+0.179%	$495K	$474K	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.742	+0.072%	$59K	$8K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.750	+0.121%	$2K	$230K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.750	+0.120%	$1K	$6.6M	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	16.790	+0.359%	$8K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.738	+0.048%	$265K	$538K	10x	as long as short
Arcus USAR-USD	+0.0040%	1h	16.740	+0.060%	$144K	$63K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.750	+0.120%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0053%	1h	16.748	+0.108%	$2.5M	$1.1M	10x	as long as short
KuCoin USARUSDTMlong	+0.0100%	8h	16.730	long leg	$277K	$205K	20x