Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0032%/8hpaid last 24h −0.012%

Price spread now: Variational Omni against Lighter RH+0.094%7-day average — · you sell dearer than you buy

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

Long on Lighter RH Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 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 · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.094% dearer against Lighter RH than usual: you sell high and buy low (spread +0.094% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH USAR	16.934	0.0032	pay 0.0004% / 1h	23m 26s	$273K	$792K	10x
Short	Variational Omni USAR	16.950	0	get 0.0000% / 8h	4h 23m	$58K	$6K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.094%Rate

Funding earned: −$6.72
Price spread: +0.094% → 0.000%: $9.4
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $2.68
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter RH: live order book, 8 min ago; Variational Omni: 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, 8 min ago	7.08 bp	8.0 bp −$8	16.3 bp −$163	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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 USARUSDT	0.0000%	8h	16.947	+0.076%	$29K	$28K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.952	+0.106%	$4K	$181K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.953	+0.113%	$2.5M	$5.3M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.940	+0.035%	$431K	$291K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.960	+0.154%	$974K	$1.1M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.930	−0.024%	$508K	$426K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.960	+0.154%	$356K	$3.9M	20x	as long as short
Variational Omni USARshort	0.0000%	8h	16.950	+0.094%	$58K	$6K	—
GRVT USAR_USDT_Perp	0.0000%	8h	16.958	+0.144%	$1K	$241K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.940	+0.035%	$1K	$7.4M	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	+0.213%	$8K	$6K	20x	as long as short
Lighter RH USARlong	+0.0032%	1h	16.934	long leg	$273K	$792K	10x
Vest USAR-USD-PERP	+0.0046%	1h	16.940	+0.035%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0050%	1h	16.938	+0.024%	$2.6M	$908K	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.930	−0.024%	$289K	$109K	20x	as long as short
Arcus USAR-USD	+0.0457%	1h	16.940	+0.035%	$149K	$61K	10x	as long as short