Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.028%

Price spread now: tradeXYZ against Gate−0.088%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$222as in the Funding arb table

Net, price: spread back to 7d avg − costs−$255as in the Price arb table

costs, in and out, $10k−$2502.503% of the position

Long on Gate Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.286%+$29 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now −0.088%, 7d avg −0.045%

Together, before fees+0.260%+ Points / potential airdroptradeXYZ: Active · farm board+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.043% cheaper against Gate than usual: you would sell low and buy high (spread −0.088% now, against its 7-day average of −0.045%). If the spread goes back, that is −$4 on $10k: about 2.9 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.286% in total) that is about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate USAR_USDT	16.970	0	get 0.0000% / 8h	4h 35m	$500K	$435K	20x
Short	tradeXYZ xyz:USAR	16.955	0.0050	get 0.0006% / 1h	35m 08s	$2.5M	$957K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Gate. 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 GatebpFee tradeXYZbpOrdersPrice spread, now −0.088%Rate

Funding earned: $10.5
Price spread: −0.088% → −0.045%: −$4.32
Slippage, 4 orders: −$217.34
Fee Gate: 7.5 bp × 2 orders: −$15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$244.16
Costs to cover: 2.503%
Break-even: 169.8 days

Slippage from Gate: live order book, 21 min ago; tradeXYZ: live order book, 3 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 Gate live order book, 21 min ago	8.85 bp	59.4 bp −$59	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 3 min ago	2.65 bp	18.2 bp −$18	51.8 bp −$518	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	16.958	−0.071%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.964	−0.034%	$3K	$162K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.969	−0.003%	$2.4M	$5.1M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.950	−0.118%	$423K	$272K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.980	+0.059%	$983K	$1.3M	20x	as long as short
Gate USAR_USDTlong	0.0000%	8h	16.970	long leg	$500K	$435K	20x
Bitget USARUSDT	0.0000%	8h	16.960	−0.059%	$346K	$3.7M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.962	−0.047%	$60K	$8K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.960	−0.059%	$982	$219K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.970	0.000%	$1K	$6.8M	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	16.990	+0.118%	$7K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.961	−0.053%	$272K	$575K	10x	as long as short
Arcus USAR-USD	+0.0040%	1h	16.940	−0.177%	$146K	$62K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.960	−0.059%	—	$49	10x	as long as short
tradeXYZ xyz:USARshort	+0.0050%	1h	16.955	−0.088%	$2.5M	$957K	10x
KuCoin USARUSDTM	+0.0100%	8h	16.950	−0.118%	$285K	$146K	20x	as long as short