Funding arb · Price arb /

UBER

RWAall UBER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0466%/8h= +51.0% APRpaid last 24h +0.144%

Price spread now: Binance against Injective+1.062%107s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Binance

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 for this trade now. Funding pays +$14 a day on $10k at the current rate, and Binance is 1.062% dearer against Injective than usual: you sell high and buy low: +$106 more if the spread goes back to zero (this spread has no 7-day history yet). 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	Injective UBER/USDC PERP	70.450	−0.0220	get 0.0028% / 1h	21m 27s	$16K	$14K	12x
Short	Binance UBERUSDT	71.198	0.0246	get 0.0246% / 8h	2h 21m	$2.4M	$658K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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 InjectivebpFee BinancebpOrdersPrice spread, now +1.062%Rate

Funding earned: $97.88
Price spread: +1.062% → 0.000%: $106.19
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: $194.05
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Binance: live order book, 13 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 Injective no order-book sample	—	—	—	—	—
Sell Binance live order book, 13 min ago	2.81 bp	14.8 bp −$15	50.9 bp −$509	doesn't fit	doesn't fit

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 PERPlong	−0.0220%	1h	70.450	long leg	$16K	$14K	12x
Aster UBERUSDT	0.0000%	8h	71.268	+1.162%	$93K	$11K	20x	as long as short
Gate UBER_USDT	0.0000%	8h	71.190	+1.050%	$370K	$253K	20x	as long as short
Bitget UBERUSDT	0.0000%	8h	71.170	+1.022%	$438K	$103K	20x	as long as short
SunX UBER-USDT	0.0000%	8h	71.120	+0.951%	$1K	$2.0M	10x	as long as short
QFEX UBER-USD	+0.0080%	1h	71.180	+1.036%	$1.1M	$1.0M	10x	as long as short
KuCoin UBERUSDTM	+0.0100%	8h	71.220	+1.093%	$167K	$522K	20x	as long as short
Variational Omni UBER	+0.0132%	8h	71.165	+1.015%	$442K	$23K	—	as long as short
Bybit UBERUSDT	+0.0179%	8h	71.200	+1.065%	$377K	$92K	25x	as long as short
Binance UBERUSDTshort	+0.0246%	8h	71.198	+1.062%	$2.4M	$658K	20x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT UBER_USDT_Perp	+0.0428%	8h	71.176	+1.030%	$315	$205K	10x	as long as short
HTX UBER-USDT	+0.1737%	8h	71.740	+1.831%	$48K	$35K	20x	as long as short