Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: OKX against Lighter RH+0.195%7-day average +0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$910.906% of the position

Long on Lighter RH Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.195%, 7d avg +0.117%

Together, before fees−0.058%+ Points / potential airdropLighter RH: Points live · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.078% dearer against Lighter RH than usual: you sell high and buy low (spread +0.195% now, against its 7-day average of +0.117%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH USAR	16.957	0.0032	pay 0.0004% / 1h	10m 10s	$272K	$575K	10x
Short	OKX USAR-USDT-SWAP	16.990	0	get 0.0000% / 8h	4h 10m	$984K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.195%Rate

Funding earned: −$6.72
Price spread: +0.195% → +0.117%: $7.78
Slippage, 4 orders: −$80.56
Fee Lighter RH: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$89.5
Costs to cover: 0.906%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 47 min ago; OKX: 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, 47 min ago	10.32 bp	10.7 bp −$11	18.6 bp −$186	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	8.83 bp	25.3 bp −$25	752.0 bp −$7,520	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	16.959	+0.012%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.957	0.000%	$594	$157K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.963	+0.034%	$2.4M	$5.1M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.960	+0.018%	$423K	$272K	25x	as long as short
OKX USAR-USDT-SWAPshort	0.0000%	8h	16.990	+0.195%	$984K	$1.3M	20x
Gate USAR_USDT	0.0000%	8h	16.960	+0.018%	$500K	$437K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.960	+0.018%	$344K	$3.7M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.962	+0.029%	$60K	$8K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.973	+0.093%	$852	$220K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.960	+0.018%	$2K	$6.8M	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	16.970	+0.077%	$7K	$8K	20x	as long as short
Lighter RH USARlong	+0.0032%	1h	16.957	long leg	$272K	$575K	10x
Arcus USAR-USD	+0.0040%	1h	16.950	−0.041%	$146K	$62K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.960	+0.018%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0050%	1h	16.950	−0.041%	$2.5M	$951K	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.960	+0.018%	$285K	$151K	20x	as long as short