Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.065%

Price spread now: Gate against Arcus+0.117%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$182as in the Price arb table

costs, in and out, $10k−$1851.852% of the position

Long on Arcus Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.102%−$10 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.117%, 7d avg +0.085%

Together, before fees−0.121%−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.033% dearer against Arcus than usual: you sell high and buy low (spread +0.117% now, against its 7-day average of +0.085%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.7 days. At the pace of the last 3 days (−0.102% in total) that is about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus USAR-USD	17.040	0.0040	pay 0.0005% / 1h	51m 12s	$147K	$61K	10x
Short	Gate USAR_USDT	17.060	0	get 0.0000% / 8h	7h 51m	$526K	$415K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Arcus. 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 ArcusbpFee GatebpOrdersPrice spread, now +0.117%Rate

Funding earned: −$8.46
Price spread: +0.117% → +0.085%: $3.26
Slippage, 4 orders: −$165.72
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$190.42
Costs to cover: 1.852%
Break-even: never at this rate

Slippage from Arcus: live order book, 22 min ago; Gate: live order book, 20 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 Arcus live order book, 22 min ago	2.93 bp	5.2 bp −$5	10.8 bp −$108	doesn't fit	doesn't fit
Sell Gate live order book, 20 min ago	8.81 bp	35.4 bp −$35	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	17.045	+0.031%	$27K	$29K	20x	as long as short
Bybit USARUSDT	0.0000%	8h	17.050	+0.059%	$428K	$270K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	17.070	+0.176%	$995K	$1.1M	20x	as long as short
Gate USAR_USDTshort	0.0000%	8h	17.060	+0.117%	$526K	$415K	20x
Bitget USARUSDT	0.0000%	8h	17.050	+0.059%	$368K	$3.8M	20x	as long as short
Variational Omni USAR	0.0000%	8h	17.052	+0.073%	$58K	$6K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	17.069	+0.169%	$1K	$234K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	17.040	0.000%	$2K	$7.3M	10x	as long as short
HTX USAR-USDT	0.0000%	8h	17.080	+0.235%	$8K	$7K	20x	as long as short
Binance USARUSDT	+0.0030%	8h	17.055	+0.088%	$2.5M	$5.2M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH USAR	+0.0032%	1h	17.055	+0.088%	$273K	$616K	10x	as long as short
Extended USAR-USD	+0.0032%	1h	17.052	+0.068%	$4K	$177K	10x	as long as short
Arcus USAR-USDlong	+0.0040%	1h	17.040	long leg	$147K	$61K	10x
Vest USAR-USD-PERP	+0.0046%	1h	17.050	+0.059%	—	$49	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	17.060	+0.117%	$288K	$121K	20x	as long as short
tradeXYZ xyz:USAR	+0.0410%	1h	17.053	+0.076%	$2.5M	$946K	10x	as long as short