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: Bybit against tradeXYZ0.000%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$182as in the Funding arb table

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1551.545% of the position

Long on tradeXYZ Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.273%−$27 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now 0.000%, 7d avg +0.023%

Together, before fees−0.323%+ Points / potential airdroptradeXYZ: Active · farm board−$32 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 Bybit is 0.023% cheaper against tradeXYZ than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.023%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:USAR	17.050	0.0050	pay 0.0006% / 1h	15m 43s	$2.5M	$957K	10x
Short	Bybit USARUSDT	17.050	0	get 0.0000% / 8h	15m 43s	$428K	$277K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$10.5
Price spread: 0.000% → +0.023%: −$2.33
Slippage, 4 orders: −$125.51
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$167.34
Costs to cover: 1.545%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 2 min ago; Bybit: live order book, 54 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, 2 min ago	2.05 bp	13.3 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 54 min ago	2.95 bp	41.1 bp −$41	197.3 bp −$1,973	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	17.038	−0.071%	$27K	$29K	20x	as long as short
Bybit USARUSDTshort	0.0000%	8h	17.050	0.000%	$428K	$277K	25x
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	17.033	−0.100%	$1K	$237K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	17.050	0.000%	$1K	$7.3M	10x	as long as short
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	17.060	+0.059%	—	$49	10x	as long as short
tradeXYZ xyz:USARlong	+0.0050%	1h	17.050	long leg	$2.5M	$957K	10x
Binance USARUSDT	+0.0051%	8h	17.052	+0.009%	$2.5M	$5.3M	20x	as long as short
Extended USAR-USD	+0.0056%	1h	17.049	−0.006%	$4K	$181K	10x	as long as short
Arcus USAR-USD	+0.0100%	1h	17.040	−0.059%	$147K	$62K	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	17.050	0.000%	$288K	$118K	20x	as long as short