Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.020%

Price spread now: Lighter RH against KuCoin+0.053%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$495as in the Funding arb table

Net, price: spread back to 7d avg − costs−$471as in the Price arb table

costs, in and out, $10k−$4804.801% of the position

Long on KuCoin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.150%−$15 on $10k

Price spread, last 4 days (all we have)−0.276%−$28 · spread now +0.053%, 7d avg −0.036%

Together, before fees−0.426%+ Points / potential airdropLighter RH: Points live · farm board−$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.090% dearer against KuCoin than usual: you sell high and buy low (spread +0.053% now, against its 7-day average of −0.036%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin USARUSDTM	16.880	0.0100	pay 0.0100% / 8h	3h 37m	$282K	$164K	20x
Short	Lighter RH USAR	16.889	0.0032	get 0.0004% / 1h	37m 49s	$270K	$561K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against KuCoin. 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 KuCoinbpFee Lighter RHbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$14.28
Price spread: +0.053% → −0.036%: $8.96
Slippage, 4 orders: −$468.13
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$485.45
Costs to cover: 4.801%
Break-even: never at this rate

Slippage from KuCoin: live order book, 34 min ago; Lighter RH: live order book, 15 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 KuCoin live order book, 34 min ago	5.90 bp	239.6 bp −$240	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 15 min ago	10.93 bp	11.6 bp −$12	26.0 bp −$260	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	16.897	+0.103%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.885	+0.031%	$4K	$161K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.890	+0.059%	$2.5M	$5.2M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.880	0.000%	$423K	$280K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.920	+0.237%	$1.0M	$1.5M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.890	+0.059%	$497K	$444K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.910	+0.178%	$341K	$3.7M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.842	−0.225%	$59K	$8K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.847	−0.196%	$843	$223K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.890	+0.059%	$2K	$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	16.920	+0.237%	$8K	$8K	20x	as long as short
Lighter RH USARshort	+0.0032%	1h	16.889	+0.053%	$270K	$561K	10x
Arcus USAR-USD	+0.0040%	1h	16.870	−0.059%	$145K	$62K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.880	0.000%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0050%	1h	16.888	+0.047%	$2.5M	$960K	10x	as long as short
KuCoin USARUSDTMlong	+0.0100%	8h	16.880	long leg	$282K	$164K	20x