Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h −0.004%

Price spread now: Extended against Variational Omni−0.095%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Extended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.095% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.095% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 4.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni USAR	16.879	0	get 0.0000% / 8h	1h 45m	$58K	$6K	—
Short	Extended USAR-USD	16.863	0.0064	get 0.0008% / 1h	45m 57s	$4K	$181K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. 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 Variational OmnibpFee ExtendedbpOrdersPrice spread, now −0.095%Rate

Funding earned: $13.44
Price spread: −0.095% → 0.000%: −$9.5
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$1.06
Costs to cover: 0.050%
Break-even: 7.6 days

Slippage unknown: Variational Omni: no order-book sample; Extended: live order book, 35 min ago. Net counts fees only.

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 Variational Omni no order-book sample	—	—	—	—	—
Sell Extended live order book, 35 min ago	5.93 bp	28.3 bp −$28	218.9 bp −$2,189	doesn't fit	doesn't fit

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	16.875	−0.021%	$27K	$29K	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.860	−0.110%	$430K	$272K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.860	−0.110%	$966K	$1.1M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.850	−0.169%	$519K	$431K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.880	+0.008%	$358K	$3.8M	20x	as long as short
Variational Omni USARlong	0.0000%	8h	16.879	long leg	$58K	$6K	—
GRVT USAR_USDT_Perp	0.0000%	8h	16.898	+0.113%	$1K	$246K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.860	−0.110%	$1K	$7.4M	10x	as long as short
Lighter RH USAR	+0.0032%	1h	16.860	−0.110%	$272K	$692K	10x	as long as short
HTX USAR-USDT	+0.0037%	8h	16.880	+0.008%	$8K	$8K	20x	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	16.870	−0.051%	—	$49	10x	as long as short
Binance USARUSDT	+0.0060%	8h	16.866	−0.077%	$2.5M	$5.2M	20x	as long as short
Extended USAR-USDshort	+0.0064%	1h	16.863	−0.095%	$4K	$181K	10x
tradeXYZ xyz:USAR	+0.0065%	1h	16.880	+0.008%	$2.6M	$910K	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.870	−0.051%	$289K	$103K	20x	as long as short
Arcus USAR-USD	+0.0753%	1h	16.860	−0.110%	$146K	$62K	10x	as long as short