Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h +0.041%

Price spread now: Arcus against Binance−0.117%7-day average −0.069% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$520.518% of the position

Long on Binance Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.078%+$8 on $10k

Price spread, last 2 days (all we have)−0.002%$0 · spread now −0.117%, 7d avg −0.069%

Together, before fees+0.076%+$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.048% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance USARUSDT	17.040	0.0095	pay 0.0095% / 8h	40m 10s	$2.5M	$5.3M	20x
Short	Arcus USAR-USD	17.020	0.0100	get 0.0012% / 1h	40m 10s	$147K	$62K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Binance. 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 BinancebpFee ArcusbpOrdersPrice spread, now −0.117%Rate

Funding earned: $1.02
Price spread: −0.117% → −0.069%: −$4.81
Slippage, 4 orders: −$37.3
Fee Binance: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$55.59
Costs to cover: 0.518%
Break-even: 387.9 days

Slippage from Binance: live order book, 13 min ago; Arcus: live order book, 38 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 Binance live order book, 13 min ago	2.93 bp	21.0 bp −$21	64.7 bp −$647	224.6 bp −$22.5K	doesn't fit
Sell Arcus live order book, 38 min ago	5.90 bp	8.2 bp −$8	11.4 bp −$114	51.3 bp −$5,133	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	17.043	+0.017%	$27K	$29K	20x	as long as short
Bybit USARUSDT	0.0000%	8h	17.040	0.000%	$428K	$277K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	17.060	+0.117%	$1.0M	$1.1M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	17.040	0.000%	$525K	$433K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	17.040	0.000%	$364K	$3.9M	20x	as long as short
Variational Omni USAR	0.0000%	8h	17.058	+0.105%	$58K	$6K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	17.063	+0.134%	$2K	$239K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	17.030	−0.059%	$1K	$7.3M	10x	as long as short
HTX USAR-USDT	+0.0009%	8h	17.060	+0.117%	$8K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	17.032	−0.047%	$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-PERP	+0.0046%	1h	17.040	0.000%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0050%	1h	17.025	−0.088%	$2.5M	$957K	10x	as long as short
Binance USARUSDTlong	+0.0095%	8h	17.040	long leg	$2.5M	$5.3M	20x
Extended USAR-USD	+0.0096%	1h	17.031	−0.050%	$4K	$181K	10x	as long as short
Arcus USAR-USDshort	+0.0100%	1h	17.020	−0.117%	$147K	$62K	10x
KuCoin USARUSDTM	+0.0100%	8h	17.050	+0.059%	$288K	$116K	20x	as long as short