Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.031%

Price spread now: Bitget against tradeXYZ−0.012%7-day average +0.100% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$840.840% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.281%−$28 on $10k

Price spread, last 7 days+0.098%+$10 · spread now −0.012%, 7d avg +0.100%

Together, before fees−0.182%+ Points / potential airdroptradeXYZ: Active · farm board−$18 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 Bitget is 0.112% cheaper against tradeXYZ than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.100%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:USAR	16.912	0.0050	pay 0.0006% / 1h	44m 44s	$2.5M	$931K	10x
Short	Bitget USARUSDT	16.910	0	get 0.0000% / 8h	3h 44m	$349K	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$10.5
Price spread: −0.012% → +0.100%: −$11.19
Slippage, 4 orders: −$53.97
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$105.66
Costs to cover: 0.840%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 3 min ago; Bitget: 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 tradeXYZ live order book, 3 min ago	1.77 bp	15.2 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.96 bp	22.2 bp −$22	58.0 bp −$580	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	16.899	−0.076%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.905	−0.040%	$4K	$161K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.910	−0.012%	$2.4M	$5.1M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.900	−0.071%	$422K	$273K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.930	+0.106%	$984K	$1.3M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.900	−0.071%	$498K	$435K	20x	as long as short
Bitget USARUSDTshort	0.0000%	8h	16.910	−0.012%	$349K	$3.7M	20x
Variational Omni USAR	0.0000%	8h	16.912	0.000%	$59K	$8K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.905	−0.043%	$2K	$223K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.910	−0.012%	$1K	$6.7M	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	16.930	+0.106%	$7K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.889	−0.136%	$270K	$561K	10x	as long as short
Arcus USAR-USD	+0.0040%	1h	16.890	−0.130%	$145K	$62K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.910	−0.012%	—	$49	10x	as long as short
tradeXYZ xyz:USARlong	+0.0050%	1h	16.912	long leg	$2.5M	$931K	10x
KuCoin USARUSDTM	+0.0100%	8h	16.900	−0.071%	$285K	$160K	20x	as long as short