Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against Bybit+0.006%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$185as in the Funding arb table

Net, price: spread back to 7d avg − costs−$189as in the Price arb table

costs, in and out, $10k−$1921.923% of the position

Long on Bybit Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.006%, 7d avg −0.026%

Together, before fees+0.056%+ Points / potential airdropLighter RH: Points live · farm board+$6 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 0.032% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit USARUSDT	16.930	0	get 0.0000% / 8h	5h 48m	$423K	$272K	25x
Short	Lighter RH USAR	16.931	0.0032	get 0.0004% / 1h	48m 12s	$271K	$580K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.006%Rate

Funding earned: $6.72
Price spread: +0.006% → −0.026%: $3.2
Slippage, 4 orders: −$181.29
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$182.37
Costs to cover: 1.923%
Break-even: 197.0 days

Slippage from Bybit: live order book, 7 min ago; Lighter RH: live order book, 14 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, 7 min ago	2.95 bp	81.1 bp −$81	198.7 bp −$1,987	doesn't fit	doesn't fit
Sell Lighter RH live order book, 14 min ago	12.98 bp	13.9 bp −$14	24.1 bp −$241	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
tradeXYZ xyz:USAR	−0.0031%	1h	16.919	−0.065%	$2.5M	$951K	10x	as long as short
Aster USARUSDT	0.0000%	8h	16.963	+0.194%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.932	+0.011%	$788	$157K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.933	+0.019%	$2.4M	$5.1M	20x	as long as short
Bybit USARUSDTlong	0.0000%	8h	16.930	long leg	$423K	$272K	25x
OKX USAR-USDT-SWAP	0.0000%	8h	16.930	0.000%	$1.0M	$1.3M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.920	−0.059%	$499K	$435K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.940	+0.059%	$345K	$3.7M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.952	+0.128%	$60K	$8K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.953	+0.137%	$2K	$218K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX USAR-USDT	0.0000%	8h	16.930	0.000%	$2K	$6.9M	10x	as long as short
HTX USAR-USDT	0.0000%	8h	16.950	+0.118%	$7K	$9K	20x	as long as short
Lighter RH USARshort	+0.0032%	1h	16.931	+0.006%	$271K	$580K	10x
Arcus USAR-USD	+0.0040%	1h	16.930	0.000%	$146K	$62K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.940	+0.059%	—	$49	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.930	0.000%	$285K	$133K	20x	as long as short