Settings8H · net · $10k
Funding arb · Price arb /

USAR

RWAall USAR markets
SwapBacktest
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: KuCoin against Lighter RH−0.053%7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$465as in the Funding arb table
Net, price: spread back to 7d avg − costs−$489as in the Price arb table
costs, in and out, $10k−$4804.801% of the position
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
Funding pays, the price is against you. KuCoin is 0.090% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of +0.036%). If the spread goes back, that is −$9 on $10k: about 4.4 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH USAR16.8890.0032pay 0.0004% / 1h37m 22s$270K$561K10x
ShortKuCoin USARUSDTM16.8800.0100get 0.0100% / 8h3h 37m$282K$164K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$14.28
Price spread: −0.053% → +0.036%
−$8.96
Slippage, 4 orders
−$468.13
Fee Lighter RH: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$474.81
Costs to cover
4.801%
Break-even
239.8 days
Slippage from Lighter RH: live order book, 15 min ago; KuCoin: live order book, 34 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter RH live order book, 15 min ago10.93 bp11.7 bp −$1219.1 bp −$191doesn't fitdoesn't fit
Sell KuCoin live order book, 34 min ago5.90 bp217.3 bp −$217doesn't fitdoesn't fitdoesn't fit

USAR on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster USARUSDT0.0000%8h16.897+0.049%$27K$29K20xas long as short
Extended USAR-USD0.0000%1h16.885−0.022%$4K$161K10xas long as short
Binance USARUSDT0.0000%8h16.890+0.006%$2.5M$5.2M20xas long as short
Bybit USARUSDT0.0000%8h16.880−0.053%$423K$280K25xas long as short
OKX USAR-USDT-SWAP0.0000%8h16.920+0.184%$1.0M$1.5M20xas long as short
Gate USAR_USDT0.0000%8h16.900+0.065%$497K$444K20xas long as short
Bitget USARUSDT0.0000%8h16.910+0.124%$341K$3.7M20xas long as short
Variational Omni USAR0.0000%8h16.842−0.278%$59K$8Kas long as short
GRVT USAR_USDT_Perp0.0000%8h16.880−0.053%$2K$224K10xas long as short
SunX USAR-USDT0.0000%8h16.890+0.006%$2K$6.7M10xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX USAR-USDT0.0000%8h16.920+0.184%$8K$8K20xas long as short
Lighter RH USARlong+0.0032%1h16.889long leg$270K$561K10x
Arcus USAR-USD+0.0040%1h16.880−0.053%$145K$62K10xas long as short
Vest USAR-USD-PERP+0.0046%1h16.870−0.112%$4910xas long as short
tradeXYZ xyz:USAR+0.0050%1h16.890+0.006%$2.5M$960K10xas long as short
KuCoin USARUSDTMshort+0.0100%8h16.880−0.053%$282K$164K20x