UBER

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0605%/8h= −66.3% APRnext payment −$6.05 per $10,000 · paid last 24h +0.034%

Price spread now: Variational Omni against GRVT+0.016%7-day average +0.006% · you sell dearer than you buy

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

Long on GRVT Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.001%$0 · spread now +0.016%, 7d avg +0.006%

Together, before fees−0.003%+ Points / potential airdropGRVT: Active · Variational Omni: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: −$18 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.004% in total (about -0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.05 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	71.163	0.0697	pay 0.0697% / 8h	1h 43m	$389	$224K	10x
Short	Variational Omni UBER	71.175	0.0092	get 0.0092% / 8h	1h 43m	$442K	$23K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GRVTbpFee Variational OmnibpOrdersPrice spread, now +0.016%Rate

Funding earned: −$127.11
Price spread: +0.016% → +0.006%: $1.05
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$135.06
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 39 min ago; Variational Omni: RFQ quote, 40 min ago. 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 GRVT live order book, 39 min ago	2.11 bp	20.4 bp −$20	60.7 bp −$607	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 40 min ago	2.93 bp	doesn't fit	71.6 bp −$716	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	70.390	−1.087%	$16K	$14K	12x	as long as short
Aster UBERUSDT	0.0000%	8h	71.199	+0.050%	$93K	$11K	20x	as long as short
Bybit UBERUSDT	0.0000%	8h	71.240	+0.108%	$335K	$85K	25x	as long as short
Gate UBER_USDT	0.0000%	8h	71.160	−0.005%	$366K	$266K	20x	as long as short
Bitget UBERUSDT	0.0000%	8h	71.140	−0.033%	$403K	$62K	20x	as long as short
SunX UBER-USDT	0.0000%	8h	71.120	−0.061%	$2K	$2.1M	10x	as long as short
QFEX UBER-USD	+0.0044%	1h	71.140	−0.033%	$1.1M	$1.1M	10x	as long as short
Variational Omni UBERshort	+0.0092%	8h	71.175	+0.016%	$442K	$23K	—
KuCoin UBERUSDTM	+0.0100%	8h	71.050	−0.159%	$166K	$802K	20x	as long as short
Binance UBERUSDT	+0.0302%	8h	71.157	−0.009%	$2.3M	$636K	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT UBER_USDT_Perplong	+0.0697%	8h	71.163	long leg	$389	$224K	10x
HTX UBER-USDT	+0.1465%	8h	71.530	+0.515%	$48K	$34K	20x	as long as short