Funding you earn now, next payment 08:00 UTC−0.0220%/8h= −24.1% APRnext payment −$2.20 per $10,000 · paid last 24h −0.126%
Price spread now: KuCoin against GRVT−0.112%53s7-day average −0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,123as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1,11611.163% of the position
Funding, last 7 days−0.066%−$7 on $10k
+Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.112%, 7d avg −0.089%
=Together, before fees−0.046%+ Points / potential airdropGRVT: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and KuCoin is 0.023% cheaper against GRVT than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.089%). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.066% in total (about -3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.20 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 | GRVT UBER_USDT_Perp | 71.200 | 0.0320 | pay 0.0320% / 8h | 5h 12m | $730 | $197K | 10x |
| Short | KuCoin UBERUSDTM | 71.120 | 0.0100 | get 0.0100% / 8h | 5h 12m | $167K | $625K | 20x |
GRVT UBER_USDT_Perp
KuCoin UBERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against GRVT. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$46.2
- Price spread: −0.112% → −0.089%
- −$2.31
- Slippage, 4 orders
- −$1,095.27
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,164.77
- Costs to cover
- 11.163%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 50 min ago; KuCoin: live order book, 11 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 GRVT live order book, 50 min ago | 4.21 bp | 29.6 bp −$30 | 63.4 bp −$634 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 11 min ago | 14.09 bp | 516.9 bp −$517 | 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 | 70.480 | −1.011% | $16K | $14K | 12x | as long as short |
| Aster UBERUSDT | 0.0000% | 8h | 71.305 | +0.147% | $93K | $11K | 20x | as long as short |
| Gate UBER_USDT | 0.0000% | 8h | 71.210 | +0.014% | $364K | $263K | 20x | as long as short |
| Bitget UBERUSDT | 0.0000% | 8h | 71.190 | −0.014% | $425K | $94K | 20x | as long as short |
| Variational Omni UBER | 0.0000% | 8h | 71.210 | +0.014% | $442K | $23K | — | as long as short |
| SunX UBER-USDT | 0.0000% | 8h | 71.130 | −0.098% | $2K | $2.0M | 10x | as long as short |
| Bybit UBERUSDT | +0.0025% | 8h | 71.300 | +0.140% | $372K | $94K | 25x | as long as short |
| QFEX UBER-USD | +0.0080% | 1h | 71.190 | −0.014% | $1.1M | $1.0M | 10x | as long as short |
| KuCoin UBERUSDTMshort | +0.0100% | 8h | 71.120 | −0.112% | $167K | $625K | 20x | |
| Binance UBERUSDT | +0.0142% | 8h | 71.200 | 0.000% | $2.3M | $643K | 20x | as long as short |
Injective UBER/USDC PERP
Aster UBERUSDT
Gate UBER_USDT
Bitget UBERUSDT
Variational Omni UBER
SunX UBER-USDT
Bybit UBERUSDT
QFEX UBER-USD
Binance UBERUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT UBER_USDT_Perplong | +0.0320% | 8h | 71.200 | long leg | $730 | $197K | 10x | |
| HTX UBER-USDT | +0.1624% | 8h | 71.720 | +0.730% | $48K | $35K | 20x | as long as short |
HTX UBER-USDT