Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.028%

Price spread now: OKX against tradeXYZ+0.100%7-day average +0.128% · you sell dearer than you buy

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1241.239% of the position

Long on tradeXYZ Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.186%−$19 on $10k

Price spread, last 7 days+0.060%+$6 · spread now +0.100%, 7d avg +0.128%

Together, before fees−0.126%+ Points / potential airdroptradeXYZ: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.028% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.128%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:USAR	16.963	0.0050	pay 0.0006% / 1h	0m 59s	$2.5M	$942K	10x
Short	OKX USAR-USDT-SWAP	16.980	0	get 0.0000% / 8h	5h 00m	$1.0M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against tradeXYZ. 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 tradeXYZbpFee OKXbpOrdersPrice spread, now +0.100%Rate

Funding earned: −$10.5
Price spread: +0.100% → +0.128%: −$2.76
Slippage, 4 orders: −$95.87
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: −$137.13
Costs to cover: 1.239%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 7 min ago; OKX: live order book, 1 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 tradeXYZ live order book, 7 min ago	2.06 bp	15.2 bp −$15	41.0 bp −$410	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	5.89 bp	53.4 bp −$53	790.7 bp −$7,907	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	16.943	−0.115%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.955	−0.048%	$3K	$156K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.960	−0.018%	$2.4M	$5.1M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.950	−0.077%	$424K	$273K	25x	as long as short
OKX USAR-USDT-SWAPshort	0.0000%	8h	16.980	+0.100%	$1.0M	$1.3M	20x
Gate USAR_USDT	0.0000%	8h	16.970	+0.041%	$500K	$439K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.970	+0.041%	$347K	$3.7M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.952	−0.067%	$60K	$8K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.970	+0.041%	$1K	$219K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.950	−0.077%	$2K	$6.8M	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	17.020	+0.336%	$7K	$8K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.963	0.000%	$272K	$581K	10x	as long as short
Arcus USAR-USD	+0.0040%	1h	16.950	−0.077%	$146K	$62K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.970	+0.041%	—	$49	10x	as long as short
tradeXYZ xyz:USARlong	+0.0050%	1h	16.963	long leg	$2.5M	$942K	10x
KuCoin USARUSDTM	+0.0100%	8h	16.950	−0.077%	$285K	$142K	20x	as long as short