Funding arb · Price arb /

UBER

RWAall UBER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0312%/8h= +34.1% APRpaid last 24h +0.100%

Price spread now: Variational Omni against Injective+1.115%7-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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Variational Omni is 1.115% dearer against Injective than usual: you sell high and buy low: +$112 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective UBER/USDC PERP	70.390	−0.0220	get 0.0028% / 1h	42m 41s	$16K	$14K	12x
Short	Variational Omni UBER	71.175	0.0092	get 0.0092% / 8h	1h 42m	$442K	$23K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +1.115%Rate

Funding earned: $65.46
Price spread: +1.115% → 0.000%: $111.52
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $176.96
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 41 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 Variational Omni RFQ quote, 41 min ago	2.93 bp	doesn't fit	71.6 bp −$716	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	70.390	long leg	$16K	$14K	12x
Aster UBERUSDT	0.0000%	8h	71.210	+1.164%	$93K	$11K	20x	as long as short
Bybit UBERUSDT	0.0000%	8h	71.230	+1.193%	$335K	$85K	25x	as long as short
Gate UBER_USDT	0.0000%	8h	71.160	+1.094%	$366K	$267K	20x	as long as short
Bitget UBERUSDT	0.0000%	8h	71.140	+1.065%	$403K	$62K	20x	as long as short
SunX UBER-USDT	0.0000%	8h	71.130	+1.051%	$1K	$2.1M	10x	as long as short
QFEX UBER-USD	+0.0044%	1h	71.140	+1.065%	$1.1M	$1.1M	10x	as long as short
Variational Omni UBERshort	+0.0092%	8h	71.175	+1.115%	$442K	$23K	—
KuCoin UBERUSDTM	+0.0100%	8h	71.060	+0.952%	$166K	$802K	20x	as long as short
Binance UBERUSDT	+0.0303%	8h	71.157	+1.090%	$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_Perp	+0.0697%	8h	71.163	+1.099%	$389	$224K	10x	as long as short
HTX UBER-USDT	+0.1466%	8h	71.530	+1.620%	$48K	$34K	20x	as long as short