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: Variational Omni against tradeXYZ−0.012%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on tradeXYZ Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:USAR	16.839	0.0050	pay 0.0006% / 1h	18m 31s	$2.5M	$1.0M	10x
Short	Variational Omni USAR	16.837	0	get 0.0000% / 8h	3h 18m	$59K	$8K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.012%Rate

Funding earned: −$10.5
Price spread: −0.012% → 0.000%: −$1.16
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$29.66
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 9 min ago; Variational Omni: no order-book sample. Net counts fees only.

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 Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	16.842	+0.018%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.849	+0.059%	$951	$159K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.850	+0.065%	$2.4M	$5.3M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.850	+0.065%	$420K	$281K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.850	+0.065%	$947K	$1.7M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.840	+0.006%	$494K	$451K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.860	+0.125%	$341K	$3.8M	20x	as long as short
Variational Omni USARshort	0.0000%	8h	16.837	−0.012%	$59K	$8K	—
GRVT USAR_USDT_Perp	0.0000%	8h	16.830	−0.053%	$1K	$225K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.850	+0.065%	$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	−0.172%	$8K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.852	+0.077%	$267K	$565K	10x	as long as short
Arcus USAR-USD	+0.0040%	1h	16.830	−0.053%	$145K	$62K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.850	+0.065%	—	$49	10x	as long as short
tradeXYZ xyz:USARlong	+0.0050%	1h	16.839	long leg	$2.5M	$1.0M	10x
KuCoin USARUSDTM	+0.0100%	8h	16.850	+0.065%	$281K	$170K	20x	as long as short