Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Aster against Lighter RH−0.045%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter RH: Points live · Aster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.045% cheaper against Lighter RH than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH USAR	16.861	0.0032	pay 0.0004% / 1h	6m 51s	$267K	$565K	10x
Short	Aster USARUSDT	16.853	0	get 0.0000% / 8h	3h 06m	$27K	$29K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter RH. 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 Lighter RHbpFee AsterbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$6.72
Price spread: −0.045% → 0.000%: −$4.54
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$19.26
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Lighter RH: live order book, 46 min ago; Aster: no order-book sample. Net counts fees only.

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 Lighter RH live order book, 46 min ago	10.93 bp	11.7 bp −$12	19.1 bp −$191	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 USARUSDTshort	0.0000%	8h	16.853	−0.045%	$27K	$29K	20x
Extended USAR-USD	0.0000%	1h	16.866	+0.027%	$3K	$196K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.880	+0.113%	$2.4M	$5.3M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.860	−0.006%	$419K	$283K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.900	+0.231%	$994K	$1.8M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.870	+0.053%	$493K	$456K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.880	+0.113%	$338K	$3.8M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.872	+0.065%	$59K	$8K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.870	+0.051%	$1K	$225K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.870	+0.053%	$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	16.890	+0.172%	$8K	$8K	20x	as long as short
Lighter RH USARlong	+0.0032%	1h	16.861	long leg	$267K	$565K	10x
Arcus USAR-USD	+0.0040%	1h	16.860	−0.006%	$145K	$62K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.870	+0.053%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0050%	1h	16.867	+0.036%	$2.5M	$1.0M	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.850	−0.065%	$282K	$175K	20x	as long as short