Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Bybit against Vest−0.059%47s7-day average — · you buy dearer than you sell

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

Long on Vest Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.059% cheaper against Vest than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest USAR-USD-PERP	17.070	0.0046	pay 0.0006% / 1h	42m 42s	—	$49	10x
Short	Bybit USARUSDT	17.060	0	get 0.0000% / 8h	42m 42s	$429K	$275K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Vest. 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 VestbpFee BybitbpOrdersPrice spread, now −0.059%Rate

Funding earned: −$9.59
Price spread: −0.059% → 0.000%: −$5.86
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$28.45
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Bybit: live order book, 27 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell Bybit live order book, 27 min ago	2.95 bp	41.1 bp −$41	197.3 bp −$1,973	doesn't fit	doesn't fit

Vest: 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	17.037	−0.195%	$27K	$29K	20x	as long as short
Bybit USARUSDTshort	0.0000%	8h	17.060	−0.059%	$429K	$275K	25x
OKX USAR-USDT-SWAP	0.0000%	8h	17.090	+0.117%	$1.0M	$1.1M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	17.060	−0.059%	$525K	$432K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	17.070	0.000%	$367K	$3.9M	20x	as long as short
Variational Omni USAR	0.0000%	8h	17.053	−0.100%	$58K	$6K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	17.044	−0.151%	$1K	$238K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	17.050	−0.117%	$1K	$7.3M	10x	as long as short
HTX USAR-USDT	+0.0012%	8h	17.110	+0.234%	$8K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	17.072	+0.012%	$273K	$686K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest USAR-USD-PERPlong	+0.0046%	1h	17.070	long leg	—	$49	10x
tradeXYZ xyz:USAR	+0.0050%	1h	17.060	−0.059%	$2.6M	$954K	10x	as long as short
Extended USAR-USD	+0.0088%	1h	17.061	−0.054%	$4K	$181K	10x	as long as short
Binance USARUSDT	+0.0093%	8h	17.062	−0.046%	$2.5M	$5.3M	20x	as long as short
Arcus USAR-USD	+0.0100%	1h	17.060	−0.059%	$147K	$62K	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	17.060	−0.059%	$288K	$116K	20x	as long as short