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: GRVT against SunX0.000%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$432as in the Funding arb table

Net, price: spread back to 7d avg − costs−$438as in the Price arb table

costs, in and out, $10k−$4344.338% of the position

Long on SunX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now 0.000%, 7d avg +0.042%

Together, before fees+0.043%+ Points / potential airdropGRVT: Active · farm board+$4 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 0.042% cheaper against SunX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX USAR-USDT	16.770	0	get 0.0000% / 8h	1h 06m	$2K	$6.6M	10x
Short	GRVT USAR_USDT_Perp	16.770	0	get 0.0000% / 8h	1h 06m	$1K	$231K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against SunX. 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 SunXbpFee GRVTbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.042%: −$4.24
Slippage, 4 orders: −$416.83
Fee SunX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$438.07
Costs to cover: 4.338%
Break-even: never at this rate

Slippage from SunX: live order book, 12 min ago; GRVT: live order book, 36 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 SunX live order book, 12 min ago	50.61 bp	140.2 bp −$140	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 36 min ago	8.94 bp	47.1 bp −$47	77.6 bp −$776	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
Bitget USARUSDT	−0.0066%	8h	16.770	0.000%	$340K	$3.8M	20x	as long as short
Aster USARUSDT	0.0000%	8h	16.780	+0.060%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.772	+0.009%	$3K	$182K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.778	+0.047%	$2.4M	$5.5M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.760	−0.060%	$418K	$287K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.760	−0.060%	$888K	$1.9M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.760	−0.060%	$495K	$476K	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.762	−0.048%	$59K	$8K	—	as long as short
GRVT USAR_USDT_Perpshort	0.0000%	8h	16.770	0.000%	$1K	$231K	10x
SunX USAR-USDTlong	0.0000%	8h	16.770	long leg	$2K	$6.6M	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX USAR-USDT	0.0000%	8h	16.790	+0.119%	$8K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.748	−0.131%	$265K	$547K	10x	as long as short
Arcus USAR-USD	+0.0040%	1h	16.750	−0.119%	$144K	$63K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.740	−0.179%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0054%	1h	16.758	−0.072%	$2.5M	$1.1M	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.770	0.000%	$277K	$198K	20x	as long as short