Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against SunX−0.072%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$324as in the Funding arb table

Net, price: spread back to 7d avg − costs−$336as in the Price arb table

costs, in and out, $10k−$3333.330% of the position

Long on SunX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.072%, 7d avg −0.040%

Together, before fees+0.116%+ Points / potential airdropLighter RH: Points live · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.032% cheaper against SunX than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of −0.040%). If the spread goes back, that is −$3 on $10k: about 3.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX USAR-USDT	16.740	0	get 0.0000% / 8h	47m 27s	$1K	$6.6M	10x
Short	Lighter RH USAR	16.728	0.0032	get 0.0004% / 1h	47m 27s	$265K	$538K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against SunX. 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 SunXbpFee Lighter RHbpOrdersPrice spread, now −0.072%Rate

Funding earned: $6.72
Price spread: −0.072% → −0.040%: −$3.15
Slippage, 4 orders: −$324.99
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$329.43
Costs to cover: 3.330%
Break-even: 350.2 days

Slippage from SunX: live order book, 12 min ago; Lighter RH: live order book, 55 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 SunX live order book, 12 min ago	56.63 bp	152.0 bp −$152	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 55 min ago	14.61 bp	15.1 bp −$15	28.2 bp −$282	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
Bitget USARUSDT	−0.0064%	8h	16.730	−0.060%	$348K	$3.9M	20x	as long as short
Aster USARUSDT	0.0000%	8h	16.754	+0.084%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.735	−0.027%	$782	$182K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.740	0.000%	$2.4M	$5.5M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.740	0.000%	$417K	$289K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.750	+0.060%	$886K	$1.9M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.740	0.000%	$494K	$472K	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.722	−0.109%	$59K	$8K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.735	−0.029%	$1K	$229K	10x	as long as short
SunX USAR-USDTlong	0.0000%	8h	16.740	long leg	$1K	$6.6M	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	16.750	+0.060%	$8K	$8K	20x	as long as short
Lighter RH USARshort	+0.0032%	1h	16.728	−0.072%	$265K	$538K	10x
Arcus USAR-USD	+0.0040%	1h	16.730	−0.060%	$144K	$63K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.730	−0.060%	—	$49	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.730	−0.060%	$277K	$201K	20x	as long as short
tradeXYZ xyz:USAR	+0.0213%	1h	16.729	−0.066%	$2.5M	$1.1M	10x	as long as short