Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: HTX against Lighter RH+0.195%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories

The price spread pays, funding is against you. HTX is 0.195% dearer against Lighter RH than usual: you sell high and buy low (spread +0.195% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 20 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH USAR	16.937	0.0032	pay 0.0004% / 1h	27m 42s	$271K	$581K	10x
Short	HTX USAR-USDT	16.970	0	get 0.0000% / 8h	5h 27m	$7K	$9K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.195%Rate

Funding earned: −$6.72
Price spread: +0.195% → 0.000%: $19.48
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: $0.76
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Lighter RH: live order book, 35 min ago; HTX: no order-book sample. Net counts fees only.

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, 35 min ago	12.98 bp	16.2 bp −$16	25.5 bp −$255	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	16.943	+0.033%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.938	+0.004%	$788	$152K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.942	+0.032%	$2.4M	$5.1M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.930	−0.041%	$423K	$272K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.970	+0.195%	$1.0M	$1.3M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.940	+0.018%	$499K	$436K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.960	+0.136%	$346K	$3.7M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.952	+0.086%	$60K	$8K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.954	+0.101%	$2K	$218K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.940	+0.018%	$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-USDTshort	0.0000%	8h	16.970	+0.195%	$7K	$9K	20x
tradeXYZ xyz:USAR	+0.0024%	1h	16.933	−0.024%	$2.5M	$949K	10x	as long as short
Lighter RH USARlong	+0.0032%	1h	16.937	long leg	$271K	$581K	10x
Arcus USAR-USD	+0.0040%	1h	16.930	−0.041%	$146K	$62K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.950	+0.077%	—	$49	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.930	−0.041%	$284K	$135K	20x	as long as short