Funding you earn now, next payment 22:00 UTC+0.0457%/8h= +50.0% APRpaid last 24h −0.014%
Price spread now: Arcus against OKX−0.177%7-day average −0.153% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1071.069% of the position
Funding, last 3 days (all we have)+0.022%+$2 on $10k
+Price spread, last 4 days (all we have)+0.144%+$14 · spread now −0.177%, 7d avg −0.153%
=Funding pays, the price is against you. Arcus is 0.025% cheaper against OKX than usual: you would sell low and buy high (spread −0.177% now, against its 7-day average of −0.153%). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$14 a day). At the pace of the last 3 days (+0.022% in total) that is about 3.7 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.022% in total (about 2.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX USAR-USDT-SWAP | 16.910 | 0 | get 0.0000% / 8h | 2h 12m | $971K | $1.1M | 20x |
| Short | Arcus USAR-USD | 16.880 | 0.0457 | get 0.0057% / 1h | 12m 21s | $146K | $64K | 10x |
OKX USAR-USDT-SWAP
Arcus USAR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $95.9
- Price spread: −0.177% → −0.153%
- −$2.46
- Slippage, 4 orders
- −$92.39
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$13.45
- Costs to cover
- 1.069%
- Break-even
- 8.0 days
Slippage from OKX: live order book, 4 min ago; Arcus: live order book, 11 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 OKX live order book, 4 min ago | 8.88 bp | 42.1 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell Arcus live order book, 11 min ago | 5.93 bp | 8.2 bp −$8 | 11.9 bp −$119 | 52.7 bp −$5,269 | 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 | 16.875 | −0.208% | $27K | $29K | 20x | as long as short |
| Bybit USARUSDT | 0.0000% | 8h | 16.860 | −0.296% | $431K | $300K | 25x | as long as short |
| OKX USAR-USDT-SWAPlong | 0.0000% | 8h | 16.910 | long leg | $971K | $1.1M | 20x | |
| Gate USAR_USDT | 0.0000% | 8h | 16.870 | −0.237% | $519K | $436K | 20x | as long as short |
| Bitget USARUSDT | 0.0000% | 8h | 16.900 | −0.059% | $358K | $4.0M | 20x | as long as short |
| Variational Omni USAR | 0.0000% | 8h | 16.864 | −0.271% | $58K | $6K | — | as long as short |
| GRVT USAR_USDT_Perp | 0.0000% | 8h | 16.862 | −0.282% | $1K | $248K | 10x | as long as short |
| SunX USAR-USDT | 0.0000% | 8h | 16.880 | −0.177% | $1K | $7.4M | 10x | as long as short |
| Lighter RH USAR | +0.0032% | 1h | 16.865 | −0.266% | $272K | $792K | 10x | as long as short |
| Extended USAR-USD | +0.0032% | 1h | 16.879 | −0.186% | $4K | $181K | 10x | as long as short |
Aster USARUSDT
Bybit USARUSDT
Gate USAR_USDT
Bitget USARUSDT
Variational Omni USAR
GRVT USAR_USDT_Perp
SunX USAR-USDT
Lighter RH USAR
Extended USAR-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance USARUSDT | +0.0036% | 8h | 16.887 | −0.137% | $2.5M | $5.5M | 20x | as long as short |
| Vest USAR-USD-PERP | +0.0046% | 1h | 16.860 | −0.296% | — | $49 | 10x | as long as short |
| HTX USAR-USDT | +0.0048% | 8h | 16.910 | 0.000% | $8K | $8K | 20x | as long as short |
| KuCoin USARUSDTM | +0.0100% | 8h | 16.870 | −0.237% | $289K | $105K | 20x | as long as short |
| tradeXYZ xyz:USAR | +0.0123% | 1h | 16.875 | −0.207% | $2.6M | $935K | 10x | as long as short |
| Arcus USAR-USDshort | +0.0457% | 1h | 16.880 | −0.177% | $146K | $64K | 10x |
Binance USARUSDT
Vest USAR-USD-PERP
HTX USAR-USDT
KuCoin USARUSDTM
tradeXYZ xyz:USAR