Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.014%

Price spread now: Binance against Lighter RH+0.037%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$600.596% of the position

Long on Lighter RH Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 2 days (all we have)+0.024%+$2 · spread now +0.037%, 7d avg +0.080%

Together, before fees+0.024%+ Points / potential airdropLighter RH: Points live · farm board+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.043% cheaper against Lighter RH than usual: you would sell low and buy high (spread +0.037% now, against its 7-day average of +0.080%). If the spread goes back, that is −$4 on $10k: about 2.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH USAR	17.025	0.0032	pay 0.0004% / 1h	35m 52s	$273K	$686K	10x
Short	Binance USARUSDT	17.031	0.0088	get 0.0088% / 8h	35m 52s	$2.5M	$5.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.037%Rate

Funding earned: $11.7
Price spread: +0.037% → +0.080%: −$4.31
Slippage, 4 orders: −$49.62
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$52.23
Costs to cover: 0.596%
Break-even: 38.2 days

Slippage from Lighter RH: live order book, 42 min ago; Binance: live order book, 2 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 Lighter RH live order book, 42 min ago	12.09 bp	13.0 bp −$13	21.3 bp −$213	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	2.93 bp	15.6 bp −$16	60.1 bp −$601	189.5 bp −$19.0K	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	17.030	+0.029%	$27K	$29K	20x	as long as short
Bybit USARUSDT	0.0000%	8h	17.030	+0.029%	$428K	$277K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	17.040	+0.088%	$1.0M	$1.1M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	17.020	−0.029%	$524K	$434K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	17.040	+0.088%	$364K	$3.9M	20x	as long as short
Variational Omni USAR	0.0000%	8h	17.028	+0.018%	$58K	$6K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	17.050	+0.147%	$2K	$239K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	17.020	−0.029%	$1K	$7.3M	10x	as long as short
HTX USAR-USDT	0.0000%	8h	17.050	+0.147%	$8K	$8K	20x	as long as short
Lighter RH USARlong	+0.0032%	1h	17.025	long leg	$273K	$686K	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest USAR-USD-PERP	+0.0046%	1h	17.030	+0.029%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0050%	1h	17.024	−0.006%	$2.5M	$957K	10x	as long as short
Binance USARUSDTshort	+0.0088%	8h	17.031	+0.037%	$2.5M	$5.3M	20x
Extended USAR-USD	+0.0088%	1h	17.029	+0.023%	$4K	$181K	10x	as long as short
Arcus USAR-USD	+0.0100%	1h	17.020	−0.029%	$147K	$62K	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	17.030	+0.029%	$288K	$117K	20x	as long as short