Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.007%

Price spread now: Lighter RH against Binance−0.047%7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$680.680% of the position

Long on Binance Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now −0.047%, 7d avg −0.091%

Together, before fees+0.009%+ Points / potential airdropLighter RH: Points live · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.043% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance USARUSDT	16.758	0	get 0.0000% / 8h	1h 37m	$2.4M	$5.4M	20x
Short	Lighter RH USAR	16.750	0.0032	get 0.0004% / 1h	37m 49s	$265K	$545K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.047%Rate

Funding earned: $6.72
Price spread: −0.047% → −0.091%: $4.34
Slippage, 4 orders: −$57.96
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$56.91
Costs to cover: 0.680%
Break-even: 66.3 days

Slippage from Binance: live order book, 15 min ago; Lighter RH: live order book, 5 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, 15 min ago	2.98 bp	17.1 bp −$17	53.3 bp −$533	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	14.61 bp	15.1 bp −$15	28.2 bp −$282	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
Bitget USARUSDT	−0.0049%	8h	16.760	+0.012%	$331K	$3.8M	20x	as long as short
Aster USARUSDT	0.0000%	8h	16.780	+0.133%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.753	−0.029%	$3K	$256K	10x	as long as short
Binance USARUSDTlong	0.0000%	8h	16.758	long leg	$2.4M	$5.4M	20x
Bybit USARUSDT	0.0000%	8h	16.750	−0.047%	$417K	$287K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.770	+0.072%	$888K	$1.9M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.760	+0.012%	$494K	$470K	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.772	+0.084%	$59K	$8K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.775	+0.101%	$849	$230K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.740	−0.107%	$1K	$6.7M	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	16.770	+0.072%	$8K	$8K	20x	as long as short
Lighter RH USARshort	+0.0032%	1h	16.750	−0.047%	$265K	$545K	10x
Arcus USAR-USD	+0.0040%	1h	16.750	−0.047%	$144K	$63K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.750	−0.047%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0050%	1h	16.746	−0.071%	$2.5M	$1.1M	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.770	+0.072%	$278K	$194K	20x	as long as short