Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.059%

Price spread now: OKX against Bitget−0.059%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$1431.426% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.059%, 7d avg +0.002%

Together, before fees+0.174%+$17 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: OKX is 0.061% cheaper against Bitget than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget USARUSDT	16.870	0	get 0.0000% / 8h	1h 46m	$358K	$3.8M	20x
Short	OKX USAR-USDT-SWAP	16.860	0	get 0.0000% / 8h	1h 46m	$966K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bitget. 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 BitgetbpFee OKXbpOrdersPrice spread, now −0.059%Rate

Funding earned: $0
Price spread: −0.059% → +0.002%: −$6.12
Slippage, 4 orders: −$120.64
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$148.76
Costs to cover: 1.426%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; OKX: live order book, just now.

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 Bitget live order book, 2 min ago	5.92 bp	24.9 bp −$25	65.4 bp −$654	doesn't fit	doesn't fit
Sell OKX live order book, just now	5.92 bp	45.0 bp −$45	852.9 bp −$8,529	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	16.874	+0.025%	$27K	$29K	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.860	−0.059%	$430K	$272K	25x	as long as short
OKX USAR-USDT-SWAPshort	0.0000%	8h	16.860	−0.059%	$966K	$1.1M	20x
Gate USAR_USDT	0.0000%	8h	16.850	−0.119%	$519K	$431K	20x	as long as short
Bitget USARUSDTlong	0.0000%	8h	16.870	long leg	$358K	$3.8M	20x
Variational Omni USAR	0.0000%	8h	16.879	+0.051%	$58K	$6K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.898	+0.164%	$1K	$246K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	16.860	−0.059%	$1K	$7.4M	10x	as long as short
Lighter RH USAR	+0.0032%	1h	16.860	−0.059%	$272K	$692K	10x	as long as short
HTX USAR-USDT	+0.0037%	8h	16.880	+0.059%	$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	0.000%	—	$49	10x	as long as short
Binance USARUSDT	+0.0060%	8h	16.866	−0.027%	$2.5M	$5.2M	20x	as long as short
Extended USAR-USD	+0.0064%	1h	16.862	−0.048%	$4K	$181K	10x	as long as short
tradeXYZ xyz:USAR	+0.0065%	1h	16.880	+0.059%	$2.6M	$910K	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.870	0.000%	$289K	$103K	20x	as long as short
Arcus USAR-USD	+0.0753%	1h	16.860	−0.059%	$146K	$62K	10x	as long as short