Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

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

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

Long on Variational Omni Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 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 · Lighter RH: Points live · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.095% dearer against Variational Omni than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni USAR	16.652	0	get 0.0000% / 8h	7h 36m	$58K	$9K	—
Short	Lighter RH USAR	16.668	0.0032	get 0.0004% / 1h	36m 52s	$264K	$412K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.095%Rate

Funding earned: $6.72
Price spread: +0.095% → 0.000%: $9.46
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $16.18
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Lighter RH: live order book, 60 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 Lighter RH live order book, 60 min ago	13.44 bp	16.8 bp −$17	29.3 bp −$293	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	16.672	+0.118%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.666	+0.081%	$7	$203K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.672	+0.118%	$2.4M	$5.4M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.660	+0.047%	$409K	$289K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	16.670	+0.107%	$875K	$1.9M	20x	as long as short
Gate USAR_USDT	0.0000%	8h	16.660	+0.047%	$492K	$446K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.660	+0.047%	$348K	$3.7M	20x	as long as short
Variational Omni USARlong	0.0000%	8h	16.652	long leg	$58K	$9K	—
GRVT USAR_USDT_Perp	0.0000%	8h	16.660	+0.048%	$1K	$230K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.650	−0.014%	$1K	$6.4M	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	16.680	+0.167%	$7K	$8K	20x	as long as short
Lighter RH USARshort	+0.0032%	1h	16.668	+0.095%	$264K	$412K	10x
Arcus USAR-USD	+0.0040%	1h	16.640	−0.074%	$143K	$59K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.650	−0.014%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0050%	1h	16.667	+0.089%	$2.5M	$1.1M	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.650	−0.014%	$275K	$205K	20x	as long as short