Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Extended against Bybit−0.008%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1531.531% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)+0.025%+$3 · spread now −0.008%, 7d avg +0.015%

Together, before fees+0.064%+ Points / potential airdropExtended: Active · farm board+$6 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: Extended is 0.023% cheaper against Bybit than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit USARUSDT	16.770	0	get 0.0000% / 8h	1h 42m	$418K	$286K	25x
Short	Extended USAR-USD	16.769	0	get 0.0000% / 1h	42m 08s	$3K	$256K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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 BybitbpFee ExtendedbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → +0.015%: −$2.26
Slippage, 4 orders: −$137.13
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$155.38
Costs to cover: 1.531%
Break-even: never at this rate

Slippage from Bybit: live order book, 58 min ago; Extended: live order book, 65 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 Bybit live order book, 58 min ago	5.96 bp	50.1 bp −$50	201.9 bp −$2,019	doesn't fit	doesn't fit
Sell Extended live order book, 65 min ago	5.04 bp	28.7 bp −$29	225.6 bp −$2,256	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	−0.0037%	8h	16.780	+0.060%	$331K	$3.8M	20x	as long as short
Aster USARUSDT	0.0000%	8h	16.780	+0.061%	$27K	$29K	20x	as long as short
Extended USAR-USDshort	0.0000%	1h	16.769	−0.008%	$3K	$256K	10x
Binance USARUSDT	0.0000%	8h	16.776	+0.038%	$2.4M	$5.4M	20x	as long as short
Bybit USARUSDTlong	0.0000%	8h	16.770	long leg	$418K	$286K	25x
OKX USAR-USDT-SWAP	0.0000%	8h	16.790	+0.119%	$890K	$1.9M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.770	0.000%	$495K	$470K	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.772	+0.012%	$59K	$8K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.774	+0.023%	$1K	$230K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.770	0.000%	$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	16.780	+0.060%	$8K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.760	−0.060%	$265K	$545K	10x	as long as short
Arcus USAR-USD	+0.0040%	1h	16.760	−0.060%	$144K	$63K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.770	0.000%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0050%	1h	16.767	−0.018%	$2.5M	$1.1M	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.770	0.000%	$278K	$193K	20x	as long as short