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: GRVT against tradeXYZ−0.009%7-day average +0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$167as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1401.400% of the position

Long on tradeXYZ Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.270%−$27 on $10k

Price spread, last 4 days (all we have)+0.259%+$26 · spread now −0.009%, 7d avg +0.095%

Together, before fees−0.012%+ Points / potential airdroptradeXYZ: Active · GRVT: Active · farm board−$1 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 GRVT is 0.103% cheaper against tradeXYZ than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.095%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:USAR	16.871	0.0050	pay 0.0006% / 1h	7m 20s	$2.5M	$1.0M	10x
Short	GRVT USAR_USDT_Perp	16.870	0	get 0.0000% / 8h	3h 07m	$1K	$225K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$10.5
Price spread: −0.009% → +0.095%: −$10.35
Slippage, 4 orders: −$112.96
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$160.81
Costs to cover: 1.400%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 10 min ago; GRVT: live order book, 45 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, 10 min ago	2.08 bp	14.9 bp −$15	56.2 bp −$562	doesn't fit	doesn't fit
Sell GRVT live order book, 45 min ago	8.86 bp	49.2 bp −$49	73.8 bp −$738	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	16.844	−0.162%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.866	−0.032%	$733	$192K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.870	−0.006%	$2.4M	$5.3M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.850	−0.124%	$419K	$283K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.850	−0.124%	$991K	$1.8M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.870	−0.006%	$493K	$456K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.880	+0.053%	$338K	$3.8M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.872	+0.005%	$59K	$8K	—	as long as short
GRVT USAR_USDT_Perpshort	0.0000%	8h	16.870	−0.009%	$1K	$225K	10x
SunX USAR-USDT	0.0000%	8h	16.870	−0.006%	$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	16.890	+0.113%	$8K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.861	−0.059%	$267K	$565K	10x	as long as short
Arcus USAR-USD	+0.0040%	1h	16.860	−0.065%	$145K	$62K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.870	−0.006%	—	$49	10x	as long as short
tradeXYZ xyz:USARlong	+0.0050%	1h	16.871	long leg	$2.5M	$1.0M	10x
KuCoin USARUSDTM	+0.0100%	8h	16.850	−0.124%	$282K	$175K	20x	as long as short