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: Gate against tradeXYZ−0.036%7-day average +0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$278as in the Funding arb table

Net, price: spread back to 7d avg − costs−$257as in the Price arb table

costs, in and out, $10k−$2492.493% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.286%−$29 on $10k

Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.036%, 7d avg +0.044%

Together, before fees−0.190%+ Points / potential airdroptradeXYZ: Active · farm board−$19 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 Gate is 0.080% cheaper against tradeXYZ than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.044%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:USAR	16.846	0.0050	pay 0.0006% / 1h	18m 49s	$2.5M	$1.0M	10x
Short	Gate USAR_USDT	16.840	0	get 0.0000% / 8h	3h 18m	$494K	$451K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.036%Rate

Funding earned: −$10.5
Price spread: −0.036% → +0.044%: −$7.99
Slippage, 4 orders: −$216.34
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$267.83
Costs to cover: 2.493%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 9 min ago; Gate: live order book, 32 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, 9 min ago	2.67 bp	20.0 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 32 min ago	8.87 bp	159.3 bp −$159	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	16.843	−0.017%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.849	+0.019%	$951	$159K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.855	+0.053%	$2.4M	$5.3M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.850	+0.024%	$421K	$281K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.850	+0.024%	$947K	$1.7M	20x	as long as short
Gate USAR_USDTshort	0.0000%	8h	16.840	−0.036%	$494K	$451K	20x
Bitget USARUSDT	0.0000%	8h	16.860	+0.083%	$341K	$3.8M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.837	−0.053%	$59K	$8K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.830	−0.095%	$1K	$225K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.850	+0.024%	$1K	$6.8M	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	16.810	−0.214%	$8K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.854	+0.047%	$267K	$565K	10x	as long as short
Arcus USAR-USD	+0.0040%	1h	16.830	−0.095%	$145K	$62K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.840	−0.036%	—	$49	10x	as long as short
tradeXYZ xyz:USARlong	+0.0050%	1h	16.846	long leg	$2.5M	$1.0M	10x
KuCoin USARUSDTM	+0.0100%	8h	16.850	+0.024%	$280K	$170K	20x	as long as short