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 −0.064%

Price spread now: Bybit against OKX−0.059%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$240as in the Funding arb table

Net, price: spread back to 7d avg − costs−$227as in the Price arb table

costs, in and out, $10k−$2302.298% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now −0.059%, 7d avg −0.090%

Together, before fees−0.130%−$13 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: Bybit is 0.031% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX USAR-USDT-SWAP	16.940	0	get 0.0000% / 8h	1h 23m	$970K	$1.1M	20x
Short	Bybit USARUSDT	16.930	0	get 0.0000% / 8h	1h 23m	$432K	$272K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.059%Rate

Funding earned: $0
Price spread: −0.059% → −0.090%: $3.08
Slippage, 4 orders: −$208.82
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$226.73
Costs to cover: 2.298%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bybit: live order book, 51 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	8.87 bp	55.3 bp −$55	2583.2 bp −$25.8K	doesn't fit	doesn't fit
Sell Bybit live order book, 51 min ago	11.87 bp	62.9 bp −$63	221.9 bp −$2,219	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	16.919	−0.126%	$27K	$29K	20x	as long as short
Bybit USARUSDTshort	0.0000%	8h	16.930	−0.059%	$432K	$272K	25x
OKX USAR-USDT-SWAPlong	0.0000%	8h	16.940	long leg	$970K	$1.1M	20x
Gate USAR_USDT	0.0000%	8h	16.910	−0.177%	$520K	$432K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.940	0.000%	$359K	$3.8M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.903	−0.219%	$58K	$6K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.900	−0.236%	$1K	$240K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.930	−0.059%	$1K	$7.4M	10x	as long as short
HTX USAR-USDT	+0.0023%	8h	16.940	0.000%	$8K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.922	−0.106%	$273K	$692K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest USAR-USD-PERP	+0.0046%	1h	16.920	−0.118%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0050%	1h	16.925	−0.089%	$2.6M	$910K	10x	as long as short
Binance USARUSDT	+0.0078%	8h	16.920	−0.118%	$2.5M	$5.2M	20x	as long as short
Extended USAR-USD	+0.0080%	1h	16.917	−0.138%	$4K	$181K	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.910	−0.177%	$289K	$104K	20x	as long as short
Arcus USAR-USD	+0.0753%	1h	16.920	−0.118%	$146K	$62K	10x	as long as short