Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0031%/8h= +3.3% APRpaid last 24h −0.028%

Price spread now: OKX against tradeXYZ+0.065%7-day average +0.112% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$810.809% of the position

Long on tradeXYZ Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.186%−$19 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now +0.065%, 7d avg +0.112%

Together, before fees−0.185%+ Points / potential airdroptradeXYZ: Active · farm board−$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.047% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.065% now, against its 7-day average of +0.112%). If the spread goes back, that is −$5 on $10k: about 5.1 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.186%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:USAR	16.919	−0.0031	get 0.0004% / 1h	48m 07s	$2.5M	$951K	10x
Short	OKX USAR-USDT-SWAP	16.930	0	get 0.0000% / 8h	5h 48m	$1.0M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.065%Rate

Funding earned: $6.42
Price spread: +0.065% → +0.112%: −$4.71
Slippage, 4 orders: −$52.85
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: −$79.14
Costs to cover: 0.809%
Break-even: 93.3 days

Slippage from tradeXYZ: live order book, 10 min ago; OKX: 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, 10 min ago	1.48 bp	14.7 bp −$15	39.9 bp −$399	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	5.89 bp	15.2 bp −$15	519.1 bp −$5,191	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
tradeXYZ xyz:USARlong	−0.0031%	1h	16.919	long leg	$2.5M	$951K	10x
Aster USARUSDT	0.0000%	8h	16.963	+0.259%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.932	+0.076%	$788	$157K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.933	+0.084%	$2.4M	$5.1M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.930	+0.065%	$423K	$272K	25x	as long as short
OKX USAR-USDT-SWAPshort	0.0000%	8h	16.930	+0.065%	$1.0M	$1.3M	20x
Gate USAR_USDT	0.0000%	8h	16.920	+0.006%	$499K	$435K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.940	+0.124%	$345K	$3.7M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.952	+0.193%	$60K	$8K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.953	+0.202%	$2K	$218K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX USAR-USDT	0.0000%	8h	16.930	+0.065%	$2K	$6.9M	10x	as long as short
HTX USAR-USDT	0.0000%	8h	16.950	+0.183%	$7K	$9K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.931	+0.071%	$271K	$580K	10x	as long as short
Arcus USAR-USD	+0.0040%	1h	16.930	+0.065%	$146K	$62K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.940	+0.124%	—	$49	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.930	+0.065%	$285K	$133K	20x	as long as short