Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.002%

Price spread now: tradeXYZ against KuCoin−0.053%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$492as in the Funding arb table

Net, price: spread back to 7d avg − costs−$499as in the Price arb table

costs, in and out, $10k−$4964.964% of the position

Long on KuCoin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 4 days (all we have)−0.126%−$13 · spread now −0.053%, 7d avg −0.030%

Together, before fees−0.078%+ Points / potential airdroptradeXYZ: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.023% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.030%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin USARUSDTM	16.950	0.0100	pay 0.0100% / 8h	4h 08m	$285K	$151K	20x
Short	tradeXYZ xyz:USAR	16.941	0.0050	get 0.0006% / 1h	8m 08s	$2.5M	$932K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$10.5
Price spread: −0.053% → −0.030%: −$2.29
Slippage, 4 orders: −$466.37
Fee KuCoin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$509.15
Costs to cover: 4.964%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; tradeXYZ: live order book, 8 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, 3 min ago	5.90 bp	239.6 bp −$240	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 8 min ago	2.65 bp	24.5 bp −$25	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	16.944	−0.034%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.947	−0.015%	$594	$157K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.949	−0.007%	$2.4M	$5.1M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.940	−0.059%	$423K	$272K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.970	+0.118%	$983K	$1.3M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.950	0.000%	$500K	$437K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.960	+0.059%	$344K	$3.7M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.962	+0.070%	$60K	$8K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.970	+0.118%	$1K	$221K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.940	−0.059%	$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	16.950	0.000%	$7K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.954	+0.024%	$271K	$575K	10x	as long as short
Arcus USAR-USD	+0.0040%	1h	16.950	0.000%	$146K	$62K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.960	+0.059%	—	$49	10x	as long as short
tradeXYZ xyz:USARshort	+0.0050%	1h	16.941	−0.053%	$2.5M	$932K	10x
KuCoin USARUSDTMlong	+0.0100%	8h	16.950	long leg	$285K	$151K	20x