Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against OKX+0.029%51s7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$197as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1891.889% of the position

Long on OKX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 4 days (all we have)+0.319%+$32 · spread now +0.029%, 7d avg −0.029%

Together, before fees+0.234%+ Points / potential airdropGRVT: Active · farm board+$23 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: GRVT is 0.058% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.029%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX USAR-USDT-SWAP	16.670	0	get 0.0000% / 8h	7h 38m	$875K	$1.9M	20x
Short	GRVT USAR_USDT_Perp	16.675	0	get 0.0000% / 8h	7h 38m	$1K	$231K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.029%Rate

Funding earned: $0
Price spread: +0.029% → −0.029%: $5.81
Slippage, 4 orders: −$169.93
Fee OKX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$183.12
Costs to cover: 1.889%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; GRVT: live order book, 59 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, 3 min ago	3.00 bp	26.1 bp −$26	794.6 bp −$7,946	doesn't fit	doesn't fit
Sell GRVT live order book, 59 min ago	11.93 bp	45.1 bp −$45	70.5 bp −$705	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	16.687	+0.102%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.666	−0.026%	$7	$203K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.663	−0.040%	$2.4M	$5.4M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.650	−0.120%	$409K	$291K	25x	as long as short
OKX USAR-USDT-SWAPlong	0.0000%	8h	16.670	long leg	$875K	$1.9M	20x
Gate USAR_USDT	0.0000%	8h	16.650	−0.120%	$492K	$445K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.660	−0.060%	$348K	$3.7M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.652	−0.106%	$58K	$9K	—	as long as short
GRVT USAR_USDT_Perpshort	0.0000%	8h	16.675	+0.029%	$1K	$231K	10x
SunX USAR-USDT	0.0000%	8h	16.670	0.000%	$1K	$6.4M	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	16.700	+0.180%	$7K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.650	−0.120%	$264K	$412K	10x	as long as short
Arcus USAR-USD	+0.0040%	1h	16.660	−0.060%	$143K	$60K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.660	−0.060%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0050%	1h	16.659	−0.066%	$2.5M	$1.1M	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.660	−0.060%	$274K	$204K	20x	as long as short