Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.010%

Price spread now: Lighter RH against SunX0.000%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$292as in the Funding arb table

Net, price: spread back to 7d avg − costs−$298as in the Price arb table

costs, in and out, $10k−$3013.012% of the position

Long on SunX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 3 days (all we have)−0.092%−$9 · spread now 0.000%, 7d avg −0.035%

Together, before fees−0.005%+ Points / potential airdropLighter RH: Points live · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter RH is 0.035% dearer against SunX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX USAR-USDT	17.050	0	get 0.0000% / 8h	7h 54m	$2K	$7.3M	10x
Short	Lighter RH USAR	17.050	0.0120	get 0.0015% / 1h	54m 12s	$273K	$616K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now 0.000%Rate

Funding earned: $25.2
Price spread: 0.000% → −0.035%: $3.51
Slippage, 4 orders: −$293.17
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$272.45
Costs to cover: 3.012%
Break-even: 82.7 days

Slippage from SunX: live order book, 5 min ago; Lighter RH: live order book, 18 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, 5 min ago	49.81 bp	140.2 bp −$140	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 18 min ago	7.04 bp	8.3 bp −$8	22.2 bp −$222	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	17.050	+0.003%	$27K	$29K	20x	as long as short
Bybit USARUSDT	0.0000%	8h	17.050	0.000%	$428K	$270K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	17.060	+0.059%	$994K	$1.1M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	17.040	−0.059%	$525K	$415K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	17.060	+0.059%	$368K	$3.8M	20x	as long as short
Variational Omni USAR	0.0000%	8h	17.063	+0.074%	$58K	$6K	—	as long as short
SunX USAR-USDTlong	0.0000%	8h	17.050	long leg	$2K	$7.3M	10x
HTX USAR-USDT	0.0000%	8h	17.090	+0.235%	$8K	$7K	20x	as long as short
Extended USAR-USD	+0.0032%	1h	17.047	−0.017%	$4K	$177K	10x	as long as short
Binance USARUSDT	+0.0036%	8h	17.051	+0.005%	$2.5M	$5.3M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus USAR-USD	+0.0040%	1h	17.050	0.000%	$147K	$62K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	17.050	0.000%	—	$49	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	17.060	+0.059%	$289K	$121K	20x	as long as short
Lighter RH USARshort	+0.0120%	1h	17.050	0.000%	$273K	$616K	10x
GRVT USAR_USDT_Perp	+0.0572%	8h	17.060	+0.059%	$1K	$235K	10x	as long as short
tradeXYZ xyz:USAR	+0.0698%	1h	17.043	−0.041%	$2.5M	$946K	10x	as long as short