Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0089%/8h= −9.7% APRpaid last 24h −0.010%

Price spread now: Bitget against Lighter RH+0.066%7-day average +0.115% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$840.840% of the position

Long on Lighter RH Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.066%, 7d avg +0.115%

Together, before fees−0.075%+ Points / potential airdropLighter RH: Points live · farm board−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.049% cheaper against Lighter RH than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.115%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH USAR	16.739	0.0032	pay 0.0004% / 1h	38m 31s	$265K	$538K	10x
Short	Bitget USARUSDT	16.750	−0.0057	pay 0.0057% / 8h	38m 31s	$345K	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Lighter RH. 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 Lighter RHbpFee BitgetbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$18.69
Price spread: +0.066% → +0.115%: −$4.91
Slippage, 4 orders: −$72
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$107.6
Costs to cover: 0.840%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 64 min ago; Bitget: 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 Lighter RH live order book, 64 min ago	14.61 bp	15.4 bp −$15	22.2 bp −$222	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	2.98 bp	28.5 bp −$28	64.9 bp −$649	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 USARUSDTshort	−0.0057%	8h	16.750	+0.066%	$345K	$3.9M	20x
Aster USARUSDT	0.0000%	8h	16.758	+0.116%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.746	+0.039%	$782	$182K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.750	+0.066%	$2.4M	$5.5M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.740	+0.006%	$417K	$289K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.760	+0.125%	$887K	$1.9M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.760	+0.125%	$495K	$473K	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.772	+0.196%	$59K	$8K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.763	+0.145%	$1K	$228K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.750	+0.066%	$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	16.780	+0.245%	$8K	$8K	20x	as long as short
Lighter RH USARlong	+0.0032%	1h	16.739	long leg	$265K	$538K	10x
Arcus USAR-USD	+0.0040%	1h	16.740	+0.006%	$144K	$63K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.750	+0.066%	—	$49	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.740	+0.006%	$278K	$202K	20x	as long as short
tradeXYZ xyz:USAR	+0.0133%	1h	16.738	−0.006%	$2.5M	$1.1M	10x	as long as short