Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.065%

Price spread now: Arcus against OKX−0.119%7-day average −0.146% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$930.927% of the position

Long on OKX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.041%+$4 on $10k

Price spread, last 4 days (all we have)−0.045%−$5 · spread now −0.119%, 7d avg −0.146%

Together, before fees−0.005%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.027% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.146%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX USAR-USDT-SWAP	16.870	0	get 0.0000% / 8h	2h 45m	$990K	$1.8M	20x
Short	Arcus USAR-USD	16.850	0.0040	get 0.0005% / 1h	45m 20s	$145K	$62K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against OKX. 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 OKXbpFee ArcusbpOrdersPrice spread, now −0.119%Rate

Funding earned: $8.46
Price spread: −0.119% → −0.146%: $2.71
Slippage, 4 orders: −$78.16
Fee OKX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$81.49
Costs to cover: 0.927%
Break-even: 74.4 days

Slippage from OKX: live order book, 1 min ago; Arcus: live order book, 3 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 OKX live order book, 1 min ago	8.88 bp	38.1 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 3 min ago	5.93 bp	13.8 bp −$14	18.8 bp −$188	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	16.868	−0.012%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.863	−0.043%	$2K	$249K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.868	−0.009%	$2.4M	$5.3M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.860	−0.059%	$419K	$283K	25x	as long as short
OKX USAR-USDT-SWAPlong	0.0000%	8h	16.870	long leg	$990K	$1.8M	20x
Gate USAR_USDT	0.0000%	8h	16.870	0.000%	$493K	$449K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.880	+0.059%	$338K	$3.8M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.862	−0.047%	$59K	$8K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.870	0.000%	$2K	$225K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.860	−0.059%	$2K	$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	16.900	+0.178%	$8K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.870	0.000%	$267K	$552K	10x	as long as short
Arcus USAR-USDshort	+0.0040%	1h	16.850	−0.119%	$145K	$62K	10x
Vest USAR-USD-PERP	+0.0046%	1h	16.860	−0.059%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0050%	1h	16.853	−0.101%	$2.5M	$1.0M	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.870	0.000%	$281K	$178K	20x	as long as short