Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against OKX−0.236%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$950.948% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.095%−$9 on $10k

Price spread, last 7 days+0.161%+$16 · spread now −0.236%, 7d avg −0.027%

Together, before fees+0.066%+$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.209% cheaper against OKX than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX USAR-USDT-SWAP	16.980	0	get 0.0000% / 8h	4h 46m	$983K	$1.3M	20x
Short	Bitget USARUSDT	16.940	0	get 0.0000% / 8h	4h 46m	$344K	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now −0.236%Rate

Funding earned: $0
Price spread: −0.236% → −0.027%: −$20.85
Slippage, 4 orders: −$72.79
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$115.64
Costs to cover: 0.948%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bitget: live order book, 1 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, 5 min ago	8.84 bp	35.5 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.95 bp	23.0 bp −$23	47.3 bp −$473	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	16.934	−0.272%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.931	−0.287%	$3K	$162K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.935	−0.263%	$2.4M	$5.1M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.920	−0.353%	$423K	$272K	25x	as long as short
OKX USAR-USDT-SWAPlong	0.0000%	8h	16.980	long leg	$983K	$1.3M	20x
Gate USAR_USDT	0.0000%	8h	16.930	−0.294%	$499K	$435K	20x	as long as short
Bitget USARUSDTshort	0.0000%	8h	16.940	−0.236%	$344K	$3.7M	20x
Variational Omni USAR	0.0000%	8h	16.942	−0.224%	$60K	$8K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.950	−0.177%	$2K	$219K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.930	−0.294%	$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-USDT	0.0000%	8h	16.960	−0.118%	$7K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.927	−0.312%	$271K	$575K	10x	as long as short
Arcus USAR-USD	+0.0040%	1h	16.920	−0.353%	$146K	$62K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.940	−0.236%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0050%	1h	16.934	−0.271%	$2.5M	$953K	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.930	−0.294%	$285K	$145K	20x	as long as short