Funding arb · Price arb /

USAR

RWAall USAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.028%

Price spread now: tradeXYZ against OKX−0.206%7-day average −0.128% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1011.010% of the position

Long on OKX Short on tradeXYZ

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+0.046%+$5 · spread now −0.206%, 7d avg −0.128%

Together, before fees+0.232%+ Points / potential airdroptradeXYZ: Active · farm board+$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and tradeXYZ is 0.078% cheaper against OKX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.128%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.186%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX USAR-USDT-SWAP	16.970	0	get 0.0000% / 8h	5h 21m	$1.0M	$1.3M	20x
Short	tradeXYZ xyz:USAR	16.935	−0.0012	pay 0.0001% / 1h	21m 49s	$2.5M	$947K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against OKX. 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 OKXbpFee tradeXYZbpOrdersPrice spread, now −0.206%Rate

Funding earned: −$2.51
Price spread: −0.206% → −0.128%: −$7.84
Slippage, 4 orders: −$72.96
Fee OKX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$111.31
Costs to cover: 1.010%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; tradeXYZ: live order book, 5 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 OKX live order book, 5 min ago	8.85 bp	39.5 bp −$39	2097.5 bp −$21.0K	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	2.07 bp	15.4 bp −$15	32.4 bp −$324	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
tradeXYZ xyz:USARshort	−0.0012%	1h	16.935	−0.206%	$2.5M	$947K	10x
Aster USARUSDT	0.0000%	8h	16.943	−0.161%	$27K	$29K	20x	as long as short
Extended USAR-USD	0.0000%	1h	16.939	−0.185%	$788	$152K	10x	as long as short
Binance USARUSDT	0.0000%	8h	16.944	−0.155%	$2.4M	$5.1M	20x	as long as short
Bybit USARUSDT	0.0000%	8h	16.940	−0.177%	$423K	$272K	25x	as long as short
OKX USAR-USDT-SWAPlong	0.0000%	8h	16.970	long leg	$1.0M	$1.3M	20x
Gate USAR_USDT	0.0000%	8h	16.950	−0.118%	$500K	$436K	20x	as long as short
Bitget USARUSDT	0.0000%	8h	16.950	−0.118%	$345K	$3.7M	20x	as long as short
Variational Omni USAR	0.0000%	8h	16.942	−0.168%	$60K	$8K	—	as long as short
GRVT USAR_USDT_Perp	0.0000%	8h	16.950	−0.119%	$2K	$217K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX USAR-USDT	0.0000%	8h	16.940	−0.177%	$1K	$6.8M	10x	as long as short
HTX USAR-USDT	0.0000%	8h	16.950	−0.118%	$7K	$9K	20x	as long as short
Lighter RH USAR	+0.0032%	1h	16.935	−0.206%	$271K	$581K	10x	as long as short
Arcus USAR-USD	+0.0040%	1h	16.920	−0.295%	$146K	$62K	10x	as long as short
Vest USAR-USD-PERP	+0.0046%	1h	16.960	−0.059%	—	$49	10x	as long as short
KuCoin USARUSDTM	+0.0100%	8h	16.940	−0.177%	$285K	$136K	20x	as long as short