Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: GRVT against Lighter RH+0.269%49s7-day average +0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$180as 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−$1731.725% of the position

Long on Lighter RH Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 4 days (all we have)+0.164%+$16 · spread now +0.269%, 7d avg +0.094%

Together, before fees+0.092%+ Points / potential airdropLighter RH: Points live · GRVT: Active · farm board+$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.175% dearer against Lighter RH than usual: you sell high and buy low (spread +0.269% now, against its 7-day average of +0.094%): +$17 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 18 days. The two prices were read 49 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	Lighter RH USAR	16.601	0.0032	pay 0.0004% / 1h	32m 29s	$263K	$412K	10x
Short	GRVT USAR_USDT_Perp	16.646	0	get 0.0000% / 8h	7h 32m	$1K	$230K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.269%Rate

Funding earned: −$6.72
Price spread: +0.269% → +0.094%: $17.46
Slippage, 4 orders: −$163.5
Fee Lighter RH: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$161.76
Costs to cover: 1.725%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 65 min ago; GRVT: live order book, 65 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, 65 min ago	13.44 bp	21.3 bp −$21	33.3 bp −$333	doesn't fit	doesn't fit
Sell GRVT live order book, 65 min ago	11.93 bp	45.1 bp −$45	70.5 bp −$705	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	16.630	+0.175%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.615	+0.084%	$7	$203K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.612	+0.069%	$2.4M	$5.3M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.610	+0.054%	$408K	$287K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.590	−0.066%	$888K	$1.8M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.600	−0.006%	$490K	$446K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.610	+0.054%	$346K	$3.7M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.667	+0.399%	$58K	$9K	—	as long as short
GRVT USAR_USDT_Perpshort	0.0000%	8h	16.646	+0.269%	$1K	$230K	10x
SunX USAR-USDT	0.0000%	8h	16.620	+0.114%	$1K	$6.3M	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	16.670	+0.416%	$7K	$8K	20x	as long as short
Lighter RH USARlong	+0.0032%	1h	16.601	long leg	$263K	$412K	10x
Arcus USAR-USD	+0.0040%	1h	16.600	−0.006%	$143K	$59K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.610	+0.054%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0050%	1h	16.591	−0.060%	$2.5M	$1.1M	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.600	−0.006%	$273K	$206K	20x	as long as short