Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.012%

Price spread now: Variational Omni against Lighter RH−0.130%7-day average — · you buy dearer than you sell

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

Long on Lighter RH Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 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 · Variational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.130% cheaper against Lighter RH than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH USAR	16.955	0.0032	pay 0.0004% / 1h	17m 40s	$274K	$692K	10x
Short	Variational Omni USAR	16.933	0	get 0.0000% / 8h	1h 17m	$58K	$6K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.130%Rate

Funding earned: −$6.72
Price spread: −0.130% → 0.000%: −$13.04
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$19.76
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Lighter RH: live order book, 65 min ago; Variational Omni: 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, 65 min ago	5.34 bp	10.3 bp −$10	29.9 bp −$299	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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	16.936	−0.110%	$27K	$29K	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.950	−0.029%	$432K	$272K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.960	+0.029%	$969K	$1.1M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.940	−0.088%	$521K	$433K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.950	−0.029%	$360K	$3.8M	20x	as long as short
Variational Omni USARshort	0.0000%	8h	16.933	−0.130%	$58K	$6K	—
GRVT USAR_USDT_Perp	0.0000%	8h	16.940	−0.088%	$1K	$240K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.950	−0.029%	$531	$7.3M	10x	as long as short
HTX USAR-USDT	+0.0022%	8h	16.970	+0.088%	$8K	$8K	20x	as long as short
Lighter RH USARlong	+0.0032%	1h	16.955	long leg	$274K	$692K	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest USAR-USD-PERP	+0.0046%	1h	16.950	−0.029%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0050%	1h	16.955	0.000%	$2.6M	$911K	10x	as long as short
Extended USAR-USD	+0.0080%	1h	16.954	−0.008%	$4K	$181K	10x	as long as short
Binance USARUSDT	+0.0081%	8h	16.950	−0.029%	$2.5M	$5.2M	20x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.950	−0.029%	$288K	$106K	20x	as long as short
Arcus USAR-USD	+0.0753%	1h	16.940	−0.088%	$146K	$62K	10x	as long as short