Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.031%

Price spread now: Binance against tradeXYZ+0.030%7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$870.872% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.236%−$24 on $10k

Price spread, last 7 days+0.063%+$6 · spread now +0.030%, 7d avg +0.093%

Together, before fees−0.173%+ Points / potential airdroptradeXYZ: Active · farm board−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.063% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.093%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:USAR	16.675	0.0050	pay 0.0006% / 1h	21m 24s	$2.5M	$1.0M	10x
Short	Binance USARUSDT	16.680	0	get 0.0000% / 8h	7h 21m	$2.4M	$5.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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 tradeXYZbpFee BinancebpOrdersPrice spread, now +0.030%Rate

Funding earned: −$10.5
Price spread: +0.030% → +0.093%: −$6.26
Slippage, 4 orders: −$59.22
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$103.97
Costs to cover: 0.872%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 6 min ago; Binance: live order book, 1 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 tradeXYZ live order book, 6 min ago	1.82 bp	13.2 bp −$13	37.3 bp −$373	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	6.01 bp	27.3 bp −$27	81.2 bp −$812	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	16.660	−0.090%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.656	−0.115%	$3K	$205K	10x	as long as short
Binance USARUSDTshort	0.0000%	8h	16.680	+0.030%	$2.4M	$5.3M	20x
Bybit USARUSDT	0.0000%	8h	16.670	−0.030%	$409K	$282K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.670	−0.030%	$892K	$1.9M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.670	−0.030%	$493K	$450K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.680	+0.030%	$349K	$3.6M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.527	−0.889%	$56K	$10K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.598	−0.464%	$2K	$227K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.620	−0.330%	$1K	$6.1M	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX USAR-USDT	0.0000%	8h	16.640	−0.210%	$7K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.631	−0.264%	$272K	$422K	10x	as long as short
Arcus USAR-USD	+0.0040%	1h	16.640	−0.210%	$143K	$54K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.690	+0.090%	—	$49	10x	as long as short
tradeXYZ xyz:USARlong	+0.0050%	1h	16.675	long leg	$2.5M	$1.0M	10x
KuCoin USARUSDTM	+0.0100%	8h	16.650	−0.150%	$274K	$214K	20x	as long as short