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 +0.034%

Price spread now: tradeXYZ against SunX−0.012%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$284as in the Funding arb table

Net, price: spread back to 7d avg − costs−$310as in the Price arb table

costs, in and out, $10k−$3133.128% of the position

Long on SunX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.290%+$29 on $10k

Price spread, last 3 days (all we have)−0.089%−$9 · spread now −0.012%, 7d avg −0.042%

Together, before fees+0.202%+ Points / potential airdroptradeXYZ: Active · farm board+$20 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 0.030% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread 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	17.050	0	get 0.0000% / 8h	14m 48s	$1K	$7.3M	10x
Short	tradeXYZ xyz:USAR	17.048	0.0050	get 0.0006% / 1h	14m 48s	$2.5M	$957K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.012%Rate

Funding earned: $10.5
Price spread: −0.012% → −0.042%: $2.99
Slippage, 4 orders: −$286.77
Fee SunX: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$299.27
Costs to cover: 3.128%
Break-even: 206.5 days

Slippage from SunX: live order book, 4 min ago; tradeXYZ: live order book, 3 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, 4 min ago	49.87 bp	140.4 bp −$140	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 3 min ago	2.05 bp	14.4 bp −$14	doesn't fit	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	17.042	−0.048%	$27K	$29K	20x	as long as short
Bybit USARUSDT	0.0000%	8h	17.050	0.000%	$428K	$277K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	17.060	+0.059%	$1.0M	$1.1M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	17.050	0.000%	$525K	$434K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	17.050	0.000%	$367K	$3.9M	20x	as long as short
Variational Omni USAR	0.0000%	8h	17.043	−0.044%	$58K	$6K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	17.031	−0.111%	$1K	$237K	10x	as long as short
SunX USAR-USDTlong	0.0000%	8h	17.050	long leg	$1K	$7.3M	10x
HTX USAR-USDT	0.0000%	8h	17.080	+0.176%	$8K	$7K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	17.049	−0.006%	$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	17.070	+0.117%	—	$49	10x	as long as short
Extended USAR-USD	+0.0048%	1h	17.058	+0.048%	$4K	$181K	10x	as long as short
Binance USARUSDT	+0.0049%	8h	17.064	+0.082%	$2.4M	$5.3M	20x	as long as short
tradeXYZ xyz:USARshort	+0.0050%	1h	17.048	−0.012%	$2.5M	$957K	10x
Arcus USAR-USD	+0.0100%	1h	17.050	0.000%	$147K	$62K	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	17.050	0.000%	$289K	$118K	20x	as long as short