UBER

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0254%/8h= −27.8% APRnext payment −$2.54 per $10,000 · paid last 24h −0.024%

Price spread now: Bybit against Binance+0.042%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$950.953% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 2 days (all we have)+0.023%+$2 · spread now +0.042%, 7d avg +0.073%

Together, before fees−0.036%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bybit is 0.031% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.073%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.059% in total (about -3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.54 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance UBERUSDT	71.220	0.0254	pay 0.0254% / 8h	6m 50s	$2.3M	$632K	20x
Short	Bybit UBERUSDT	71.250	0	get 0.0000% / 8h	6m 50s	$335K	$80K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$53.28
Price spread: +0.042% → +0.073%: −$3.13
Slippage, 4 orders: −$74.28
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$151.7
Costs to cover: 0.953%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; Bybit: live order book, 63 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 Binance live order book, 13 min ago	1.40 bp	16.5 bp −$17	51.3 bp −$513	doesn't fit	doesn't fit
Sell Bybit live order book, 63 min ago	4.21 bp	36.5 bp −$36	doesn't fit	doesn't fit	doesn't fit

UBER on 12 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
Injective UBER/USDC PERP	−0.0220%	1h	66.840	−6.150%	$15K	$14K	12x	as long as short
Aster UBERUSDT	0.0000%	8h	71.308	+0.124%	$93K	$11K	20x	as long as short
Bybit UBERUSDTshort	0.0000%	8h	71.250	+0.042%	$335K	$80K	25x
Gate UBER_USDT	0.0000%	8h	71.230	+0.014%	$367K	$267K	20x	as long as short
Bitget UBERUSDT	0.0000%	8h	71.170	−0.070%	$410K	$67K	20x	as long as short
SunX UBER-USDT	0.0000%	8h	71.190	−0.042%	$1K	$2.1M	10x	as long as short
Variational Omni UBER	+0.0069%	8h	71.150	−0.098%	$442K	$23K	—	as long as short
QFEX UBER-USD	+0.0080%	1h	71.230	+0.014%	$1.1M	$1.1M	10x	as long as short
KuCoin UBERUSDTM	+0.0100%	8h	71.090	−0.183%	$167K	$717K	20x	as long as short
Binance UBERUSDTlong	+0.0254%	8h	71.220	long leg	$2.3M	$632K	20x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT UBER_USDT_Perp	+0.0606%	8h	71.225	+0.007%	$20	$213K	10x	as long as short
HTX UBER-USDT	+0.1254%	8h	71.620	+0.562%	$48K	$34K	20x	as long as short