Funding arb · Price arb /

UBER

RWAall UBER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0513%/8h= +56.2% APRpaid last 24h +0.096%

Price spread now: Bybit against Injective+2.795%108s7-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 Bybit

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 +$15 a day on $10k at the current rate, and Bybit is 2.795% dearer against Injective than usual: you sell high and buy low: +$280 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 108 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	69.400	−0.0220	get 0.0028% / 1h	11m 37s	$16K	$14K	12x
Short	Bybit UBERUSDT	71.340	0.0293	get 0.0293% / 8h	3h 11m	$379K	$92K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +2.795%Rate

Funding earned: $107.78
Price spread: +2.795% → 0.000%: $279.54
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $376.3
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Bybit: live order book, 33 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 Bybit live order book, 33 min ago	4.21 bp	31.5 bp −$32	370.6 bp −$3,706	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	69.400	long leg	$16K	$14K	12x
Aster UBERUSDT	0.0000%	8h	71.245	+2.658%	$93K	$11K	20x	as long as short
Gate UBER_USDT	0.0000%	8h	71.200	+2.594%	$370K	$257K	20x	as long as short
Bitget UBERUSDT	0.0000%	8h	71.180	+2.565%	$438K	$101K	20x	as long as short
SunX UBER-USDT	0.0000%	8h	71.180	+2.565%	$1K	$2.0M	10x	as long as short
KuCoin UBERUSDTM	+0.0100%	8h	71.070	+2.406%	$168K	$538K	20x	as long as short
QFEX UBER-USD	+0.0160%	1h	71.180	+2.565%	$1.1M	$1.0M	10x	as long as short
Variational Omni UBER	+0.0217%	8h	71.215	+2.615%	$442K	$23K	—	as long as short
Bybit UBERUSDTshort	+0.0293%	8h	71.340	+2.795%	$379K	$92K	25x
Binance UBERUSDT	+0.0316%	8h	71.200	+2.594%	$2.4M	$656K	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_Perp	+0.0589%	8h	71.215	+2.616%	$479	$207K	10x	as long as short
HTX UBER-USDT	+0.1971%	8h	71.730	+3.357%	$48K	$35K	20x	as long as short