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: Bybit against Lighter RH0.000%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$179as in the Funding arb table

Net, price: spread back to 7d avg − costs−$174as in the Price arb table

costs, in and out, $10k−$1721.718% of the position

Long on Lighter RH Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 4 days (all we have)+0.070%+$7 · spread now 0.000%, 7d avg +0.025%

Together, before fees0.000%+ Points / potential airdropLighter RH: Points live · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.025% cheaper against Lighter RH than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.025%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH USAR	16.890	0.0032	pay 0.0004% / 1h	43m 56s	$270K	$561K	10x
Short	Bybit USARUSDT	16.890	0	get 0.0000% / 8h	3h 43m	$421K	$273K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$6.72
Price spread: 0.000% → +0.025%: −$2.47
Slippage, 4 orders: −$160.78
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$180.97
Costs to cover: 1.718%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 8 min ago; Bybit: live order book, 1 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, 8 min ago	10.93 bp	11.7 bp −$12	19.1 bp −$191	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	2.96 bp	79.2 bp −$79	211.4 bp −$2,114	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	16.899	+0.054%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.904	+0.085%	$4K	$161K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.916	+0.155%	$2.4M	$5.1M	20x	as long as short
Bybit USARUSDTshort	0.0000%	8h	16.890	0.000%	$421K	$273K	25x
OKX USAR-USDT-SWAP	0.0000%	8h	16.940	+0.296%	$984K	$1.3M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.900	+0.059%	$498K	$435K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.910	+0.118%	$349K	$3.7M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.912	+0.130%	$59K	$8K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.905	+0.088%	$2K	$223K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.910	+0.118%	$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	16.940	+0.296%	$7K	$8K	20x	as long as short
Lighter RH USARlong	+0.0032%	1h	16.890	long leg	$270K	$561K	10x
Arcus USAR-USD	+0.0040%	1h	16.890	0.000%	$145K	$62K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.910	+0.118%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0050%	1h	16.912	+0.130%	$2.5M	$931K	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.910	+0.118%	$285K	$160K	20x	as long as short