Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h +0.027%

Price spread now: tradeXYZ against Bybit+0.047%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$166as in the Price arb table

costs, in and out, $10k−$1731.730% of the position

Long on Bybit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.268%+$27 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.047%, 7d avg −0.020%

Together, before fees+0.276%+ Points / potential airdroptradeXYZ: Active · farm board+$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and tradeXYZ is 0.067% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit USARUSDT	16.960	0	get 0.0000% / 8h	6h 14m	$424K	$271K	25x
Short	tradeXYZ xyz:USAR	16.968	0.0010	get 0.0001% / 1h	14m 11s	$2.5M	$953K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.047%Rate

Funding earned: $2.1
Price spread: +0.047% → −0.020%: $6.68
Slippage, 4 orders: −$144.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$164.24
Costs to cover: 1.730%
Break-even: 553.3 days

Slippage from Bybit: live order book, 46 min ago; tradeXYZ: live order book, 4 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, 46 min ago	5.87 bp	99.8 bp −$100	259.4 bp −$2,594	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	2.06 bp	22.5 bp −$22	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	16.993	+0.194%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.971	+0.068%	$1K	$158K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.975	+0.088%	$2.4M	$5.2M	20x	as long as short
Bybit USARUSDTlong	0.0000%	8h	16.960	long leg	$424K	$271K	25x
OKX USAR-USDT-SWAP	0.0000%	8h	17.020	+0.354%	$959K	$1.2M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.970	+0.059%	$501K	$438K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.970	+0.059%	$348K	$3.7M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.972	+0.070%	$58K	$6K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.970	+0.059%	$2K	$220K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.970	+0.059%	$1K	$7.0M	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	16.970	+0.059%	$8K	$7K	20x	as long as short
tradeXYZ xyz:USARshort	+0.0010%	1h	16.968	+0.047%	$2.5M	$953K	10x
Lighter RH USAR	+0.0032%	1h	16.970	+0.059%	$272K	$589K	10x	as long as short
Arcus USAR-USD	+0.0040%	1h	16.950	−0.059%	$146K	$62K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.970	+0.059%	—	$49	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.970	+0.059%	$286K	$133K	20x	as long as short