Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.064%

Price spread now: OKX against SunX0.000%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$345as in the Funding arb table

Net, price: spread back to 7d avg − costs−$365as in the Price arb table

costs, in and out, $10k−$3573.574% of the position

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.120%+$12 on $10k

Price spread, last 3 days (all we have)+0.086%+$9 · spread now 0.000%, 7d avg +0.076%

Together, before fees+0.205%+$21 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: OKX is 0.076% cheaper against SunX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX USAR-USDT	16.940	0	get 0.0000% / 8h	1h 19m	$535	$7.3M	10x
Short	OKX USAR-USDT-SWAP	16.940	0	get 0.0000% / 8h	1h 19m	$970K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.076%: −$7.6
Slippage, 4 orders: −$339.36
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$364.95
Costs to cover: 3.574%
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; OKX: 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 SunX live order book, 10 min ago	50.28 bp	140.5 bp −$140	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	5.90 bp	19.2 bp −$19	692.4 bp −$6,924	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	16.926	−0.081%	$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-SWAPshort	0.0000%	8h	16.940	0.000%	$970K	$1.1M	20x
Gate USAR_USDT	0.0000%	8h	16.940	0.000%	$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-USDTlong	0.0000%	8h	16.940	long leg	$535	$7.3M	10x
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-USD	+0.0080%	1h	16.947	+0.040%	$4K	$181K	10x	as long as short
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