Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against OKX−0.177%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$334as in the Funding arb table

Net, price: spread back to 7d avg − costs−$334as in the Price arb table

costs, in and out, $10k−$3243.241% of the position

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 3 days (all we have)+0.113%+$11 · spread now −0.177%, 7d avg −0.075%

Together, before fees+0.012%+$1 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: SunX is 0.101% cheaper against OKX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX USAR-USDT-SWAP	16.980	0	get 0.0000% / 8h	6h 34m	$939K	$1.2M	20x
Short	SunX USAR-USDT	16.950	0	get 0.0000% / 8h	6h 34m	$2K	$7.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.177%Rate

Funding earned: $0
Price spread: −0.177% → −0.075%: −$10.14
Slippage, 4 orders: −$306.07
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$334.21
Costs to cover: 3.241%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; SunX: live order book, 5 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	5.90 bp	29.7 bp −$30	1770.2 bp −$17.7K	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	50.19 bp	143.5 bp −$144	doesn't fit	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	16.982	+0.014%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.947	−0.192%	$3K	$153K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.950	−0.174%	$2.4M	$5.2M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.930	−0.294%	$423K	$272K	25x	as long as short
OKX USAR-USDT-SWAPlong	0.0000%	8h	16.980	long leg	$939K	$1.2M	20x
Gate USAR_USDT	0.0000%	8h	16.950	−0.177%	$501K	$436K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.950	−0.177%	$354K	$3.7M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.932	−0.280%	$57K	$6K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.930	−0.294%	$1K	$223K	10x	as long as short
SunX USAR-USDTshort	0.0000%	8h	16.950	−0.177%	$2K	$7.0M	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX USAR-USDT	0.0000%	8h	16.960	−0.118%	$8K	$7K	20x	as long as short
tradeXYZ xyz:USAR	+0.0001%	1h	16.934	−0.271%	$2.5M	$958K	10x	as long as short
Lighter RH USAR	+0.0032%	1h	16.929	−0.300%	$271K	$589K	10x	as long as short
Arcus USAR-USD	+0.0040%	1h	16.920	−0.353%	$146K	$62K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.970	−0.059%	—	$49	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.930	−0.294%	$284K	$131K	20x	as long as short