Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against Lighter RH+0.012%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$221as in the Funding arb table

Net, price: spread back to 7d avg − costs−$215as in the Price arb table

costs, in and out, $10k−$2122.120% of the position

Long on Lighter RH Short on Gate

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)+0.076%+$8 · spread now +0.012%, 7d avg +0.045%

Together, before fees−0.011%+ Points / potential airdropLighter RH: Points live · farm board−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.033% cheaper against Lighter RH than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.045%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH USAR	17.028	0.0032	pay 0.0004% / 1h	39m 10s	$273K	$686K	10x
Short	Gate USAR_USDT	17.030	0	get 0.0000% / 8h	39m 10s	$525K	$433K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Lighter RH. 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 Lighter RHbpFee GatebpOrdersPrice spread, now +0.012%Rate

Funding earned: −$6.72
Price spread: +0.012% → +0.045%: −$3.3
Slippage, 4 orders: −$196.99
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$222.01
Costs to cover: 2.120%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 38 min ago; Gate: live order book, 37 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 Lighter RH live order book, 38 min ago	12.09 bp	13.0 bp −$13	21.3 bp −$213	doesn't fit	doesn't fit
Sell Gate live order book, 37 min ago	8.84 bp	33.0 bp −$33	doesn't fit	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	17.036	+0.045%	$27K	$29K	20x	as long as short
Bybit USARUSDT	0.0000%	8h	17.020	−0.047%	$427K	$277K	25x	as long as short
OKX USAR-USDT-SWAP	0.0000%	8h	17.050	+0.129%	$1.0M	$1.1M	20x	as long as short
Gate USAR_USDTshort	0.0000%	8h	17.030	+0.012%	$525K	$433K	20x
Bitget USARUSDT	0.0000%	8h	17.040	+0.070%	$364K	$3.9M	20x	as long as short
Variational Omni USAR	0.0000%	8h	17.058	+0.175%	$58K	$6K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	17.050	+0.129%	$2K	$239K	10x	as long as short
SunX USAR-USDT	0.0000%	8h	17.020	−0.047%	$1K	$7.3M	10x	as long as short
HTX USAR-USDT	+0.0005%	8h	17.060	+0.188%	$8K	$8K	20x	as long as short
Lighter RH USARlong	+0.0032%	1h	17.028	long leg	$273K	$686K	10x

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	17.030	+0.012%	—	$49	10x	as long as short
tradeXYZ xyz:USAR	+0.0050%	1h	17.016	−0.070%	$2.5M	$957K	10x	as long as short
Binance USARUSDT	+0.0094%	8h	17.033	+0.028%	$2.5M	$5.3M	20x	as long as short
Extended USAR-USD	+0.0096%	1h	17.030	+0.014%	$4K	$181K	10x	as long as short
Arcus USAR-USD	+0.0100%	1h	17.020	−0.047%	$147K	$62K	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	17.040	+0.070%	$287K	$116K	20x	as long as short