Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h −0.052%

Price spread now: Extended against OKX+0.040%7-day average −0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$133as in the Funding arb table

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

costs, in and out, $10k−$1281.281% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.040%, 7d avg −0.079%

Together, before fees−0.179%+ Points / potential airdropExtended: Active · farm board−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.118% dearer against OKX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX USAR-USDT-SWAP	16.940	0	get 0.0000% / 8h	1h 19m	$971K	$1.1M	20x
Short	Extended USAR-USD	16.947	0.0080	get 0.0010% / 1h	19m 33s	$4K	$181K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.040%Rate

Funding earned: $16.8
Price spread: +0.040% → −0.079%: $11.83
Slippage, 4 orders: −$113.08
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$99.44
Costs to cover: 1.281%
Break-even: 48.4 days

Slippage from OKX: live order book, 2 min ago; Extended: live order book, 62 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, 2 min ago	5.90 bp	53.4 bp −$53	2130.7 bp −$21.3K	doesn't fit	doesn't fit
Sell Extended live order book, 62 min ago	5.93 bp	28.3 bp −$28	218.9 bp −$2,189	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	16.927	−0.078%	$27K	$29K	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.940	0.000%	$432K	$272K	25x	as long as short
OKX USAR-USDT-SWAPlong	0.0000%	8h	16.940	long leg	$971K	$1.1M	20x
Gate USAR_USDT	0.0000%	8h	16.930	−0.059%	$521K	$433K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.950	+0.059%	$360K	$3.8M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.933	−0.042%	$58K	$6K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.940	0.000%	$1K	$240K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.940	0.000%	$1K	$7.3M	10x	as long as short
HTX USAR-USDT	+0.0021%	8h	16.970	+0.177%	$8K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.948	+0.047%	$273K	$692K	10x	as long as short

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	+0.059%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0050%	1h	16.950	+0.059%	$2.6M	$911K	10x	as long as short
Binance USARUSDT	+0.0079%	8h	16.940	0.000%	$2.5M	$5.2M	20x	as long as short
Extended USAR-USDshort	+0.0080%	1h	16.947	+0.040%	$4K	$181K	10x
KuCoin USARUSDTM	+0.0100%	8h	16.940	0.000%	$289K	$105K	20x	as long as short
Arcus USAR-USD	+0.0753%	1h	16.940	0.000%	$146K	$62K	10x	as long as short