Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.059%

Price spread now: Bitget against OKX−0.059%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$145as in the Funding arb table

Net, price: spread back to 7d avg − costs−$139as in the Price arb table

costs, in and out, $10k−$1331.332% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 4 days (all we have)+0.320%+$32 · spread now −0.059%, 7d avg −0.001%

Together, before fees+0.206%+$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.058% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.001%.

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	3h 30m	$970K	$1.1M	20x
Short	Bitget USARUSDT	16.860	0	get 0.0000% / 8h	3h 30m	$350K	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.059%Rate

Funding earned: $0
Price spread: −0.059% → −0.001%: −$5.8
Slippage, 4 orders: −$111.23
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$139.03
Costs to cover: 1.332%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bitget: 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, 2 min ago	2.96 bp	52.0 bp −$52	5771.6 bp −$57.7K	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	5.93 bp	22.0 bp −$22	52.1 bp −$521	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	16.815	−0.324%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.849	−0.127%	$4K	$181K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.850	−0.119%	$2.5M	$5.5M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.840	−0.178%	$431K	$299K	25x	as long as short
OKX USAR-USDT-SWAPlong	0.0000%	8h	16.870	long leg	$970K	$1.1M	20x
Gate USAR_USDT	0.0000%	8h	16.840	−0.178%	$518K	$437K	20x	as long as short
Bitget USARUSDTshort	0.0000%	8h	16.860	−0.059%	$350K	$3.9M	20x
Variational Omni USAR	0.0000%	8h	16.854	−0.093%	$58K	$6K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.846	−0.141%	$927	$245K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.850	−0.119%	$2K	$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	16.930	+0.356%	$8K	$7K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.846	−0.142%	$272K	$792K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.840	−0.178%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0050%	1h	16.837	−0.196%	$2.6M	$937K	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.830	−0.237%	$288K	$106K	20x	as long as short
Arcus USAR-USD	+0.0458%	1h	16.850	−0.119%	$146K	$64K	10x	as long as short