Funding arb · Price arb /

UBER

RWAall UBER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0531%/8h= −58.1% APRpaid last 24h −0.120%

Price spread now: Injective against Binance−1.119%107s7-day average — · you buy dearer than you sell

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

Long on Binance Short on Injective

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—needs both histories

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Injective is 1.119% cheaper against Binance than usual: you would sell low and buy high (−$112 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance UBERUSDT	71.136	0.0311	pay 0.0311% / 8h	1h 37m	$2.3M	$636K	20x
Short	Injective UBER/USDC PERP	70.340	−0.0220	pay 0.0028% / 1h	37m 33s	$16K	$14K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −1.119%Rate

Funding earned: −$111.46
Price spread: −1.119% → 0.000%: −$111.87
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$233.34
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 12 min ago; Injective: no order-book sample. 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 Binance live order book, 12 min ago	2.81 bp	19.3 bp −$19	58.2 bp −$582	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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.

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 PERPshort	−0.0220%	1h	70.340	−1.119%	$16K	$14K	12x
Aster UBERUSDT	0.0000%	8h	71.207	+0.100%	$93K	$11K	20x	as long as short
Bybit UBERUSDT	0.0000%	8h	71.210	+0.104%	$335K	$85K	25x	as long as short
Gate UBER_USDT	0.0000%	8h	71.140	+0.006%	$366K	$267K	20x	as long as short
Bitget UBERUSDT	0.0000%	8h	71.120	−0.022%	$403K	$62K	20x	as long as short
SunX UBER-USDT	0.0000%	8h	71.110	−0.036%	$2K	$2.1M	10x	as long as short
QFEX UBER-USD	+0.0044%	1h	71.120	−0.022%	$1.1M	$1.1M	10x	as long as short
Variational Omni UBER	+0.0099%	8h	71.165	+0.041%	$442K	$23K	—	as long as short
KuCoin UBERUSDTM	+0.0100%	8h	71.040	−0.135%	$166K	$796K	20x	as long as short
Binance UBERUSDTlong	+0.0311%	8h	71.136	long leg	$2.3M	$636K	20x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT UBER_USDT_Perp	+0.0712%	8h	71.150	+0.020%	$280	$224K	10x	as long as short
HTX UBER-USDT	+0.1471%	8h	71.530	+0.554%	$48K	$34K	20x	as long as short