Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.030%

Price spread now: tradeXYZ against OKX−0.094%7-day average −0.114% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1191.188% of the position

Long on OKX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.171%+$17 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.094%, 7d avg −0.114%

Together, before fees+0.184%+ Points / potential airdroptradeXYZ: 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 tradeXYZ is 0.021% dearer against OKX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.114%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX USAR-USDT-SWAP	17.040	0	get 0.0000% / 8h	36m 01s	$1.0M	$1.1M	20x
Short	tradeXYZ xyz:USAR	17.024	0.0050	get 0.0006% / 1h	36m 01s	$2.5M	$957K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.094%Rate

Funding earned: $10.5
Price spread: −0.094% → −0.114%: $2.06
Slippage, 4 orders: −$90.78
Fee OKX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$106.22
Costs to cover: 1.188%
Break-even: 77.8 days

Slippage from OKX: live order book, just now; tradeXYZ: live order book, 2 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, just now	5.87 bp	52.3 bp −$52	2439.4 bp −$24.4K	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 2 min ago	1.47 bp	15.1 bp −$15	39.2 bp −$392	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	17.030	−0.059%	$27K	$29K	20x	as long as short
Bybit USARUSDT	0.0000%	8h	17.030	−0.059%	$428K	$277K	25x	as long as short
OKX USAR-USDT-SWAPlong	0.0000%	8h	17.040	long leg	$1.0M	$1.1M	20x
Gate USAR_USDT	0.0000%	8h	17.020	−0.117%	$524K	$434K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	17.040	0.000%	$364K	$3.9M	20x	as long as short
Variational Omni USAR	0.0000%	8h	17.028	−0.070%	$58K	$6K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	17.050	+0.059%	$2K	$239K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	17.020	−0.117%	$1K	$7.3M	10x	as long as short
HTX USAR-USDT	0.0000%	8h	17.050	+0.059%	$8K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	17.025	−0.088%	$273K	$686K	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	17.030	−0.059%	—	$49	10x	as long as short
tradeXYZ xyz:USARshort	+0.0050%	1h	17.024	−0.094%	$2.5M	$957K	10x
Binance USARUSDT	+0.0088%	8h	17.032	−0.049%	$2.5M	$5.3M	20x	as long as short
Extended USAR-USD	+0.0088%	1h	17.029	−0.065%	$4K	$181K	10x	as long as short
Arcus USAR-USD	+0.0100%	1h	17.020	−0.117%	$147K	$62K	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	17.030	−0.059%	$288K	$117K	20x	as long as short