Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.028%

Price spread now: SunX against tradeXYZ+0.083%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$353as in the Funding arb table

Net, price: spread back to 7d avg − costs−$320as in the Price arb table

costs, in and out, $10k−$3243.239% of the position

Long on tradeXYZ Short on SunX

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)+0.073%+$7 · spread now +0.083%, 7d avg +0.041%

Together, before fees−0.213%+ Points / potential airdroptradeXYZ: Active · farm board−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.042% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of +0.041%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.8 days. At the pace of the last 7 days (−0.286% in total) that is about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:USAR	16.946	0.0050	pay 0.0006% / 1h	8m 39s	$2.5M	$932K	10x
Short	SunX USAR-USDT	16.960	0	get 0.0000% / 8h	4h 08m	$2K	$6.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.083%Rate

Funding earned: −$10.5
Price spread: +0.083% → +0.041%: $4.18
Slippage, 4 orders: −$297.91
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee SunX: 4 bp × 2 orders: −$8
Net: −$330.23
Costs to cover: 3.239%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 8 min ago; SunX: live order book, 10 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, 8 min ago	2.65 bp	15.0 bp −$15	40.1 bp −$401	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	50.10 bp	143.9 bp −$144	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	16.952	+0.035%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.952	+0.036%	$594	$157K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.960	+0.082%	$2.4M	$5.1M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.940	−0.035%	$423K	$272K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.970	+0.142%	$984K	$1.3M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.950	+0.024%	$500K	$437K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.960	+0.083%	$344K	$3.7M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.962	+0.094%	$60K	$8K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.970	+0.142%	$1K	$221K	10x	as long as short
SunX USAR-USDTshort	0.0000%	8h	16.960	+0.083%	$2K	$6.8M	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX USAR-USDT	0.0000%	8h	16.970	+0.142%	$7K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.957	+0.065%	$272K	$575K	10x	as long as short
Arcus USAR-USD	+0.0040%	1h	16.950	+0.024%	$146K	$62K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.960	+0.083%	—	$49	10x	as long as short
tradeXYZ xyz:USARlong	+0.0050%	1h	16.946	long leg	$2.5M	$932K	10x
KuCoin USARUSDTM	+0.0100%	8h	16.950	+0.024%	$285K	$151K	20x	as long as short