UBER

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0405%/8h= +44.3% APRnext payment +$4.05 per $10,000 · paid last 24h +0.126%

Price spread now: GRVT against KuCoin+0.032%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$976as in the Funding arb table

Net, price: spread back to 7d avg − costs−$989as in the Price arb table

costs, in and out, $10k−$9839.831% of the position

Long on KuCoin Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.032%, 7d avg +0.091%

Together, before fees+0.074%+ Points / potential airdropGRVT: Active · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.058% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.032% now, against its 7-day average of +0.091%). If the spread goes back, that is −$6 on $10k: about 12 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.066% in total) that is about 6.2 days.

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 +$4.05 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	KuCoin UBERUSDTM	71.140	0.0100	pay 0.0100% / 8h	2h 51m	$168K	$527K	20x
Short	GRVT UBER_USDT_Perp	71.163	0.0505	get 0.0505% / 8h	2h 51m	$669	$206K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against KuCoin. 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 KuCoinbpFee GRVTbpOrdersPrice spread, now +0.032%Rate

Funding earned: $85.05
Price spread: +0.032% → +0.091%: −$5.84
Slippage, 4 orders: −$962.12
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$903.92
Costs to cover: 9.831%
Break-even: 81.4 days

Slippage from KuCoin: live order book, 8 min ago; GRVT: live order book, 61 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 KuCoin live order book, 8 min ago	14.06 bp	416.3 bp −$416	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 61 min ago	2.11 bp	20.3 bp −$20	62.9 bp −$629	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	70.460	−0.956%	$16K	$14K	12x	as long as short
Aster UBERUSDT	0.0000%	8h	71.546	+0.570%	$93K	$11K	20x	as long as short
Gate UBER_USDT	0.0000%	8h	71.210	+0.098%	$370K	$251K	20x	as long as short
Bitget UBERUSDT	0.0000%	8h	71.180	+0.056%	$437K	$101K	20x	as long as short
SunX UBER-USDT	0.0000%	8h	71.120	−0.028%	$2K	$2.0M	10x	as long as short
QFEX UBER-USD	+0.0080%	1h	71.160	+0.028%	$1.1M	$1.0M	10x	as long as short
KuCoin UBERUSDTMlong	+0.0100%	8h	71.140	long leg	$168K	$527K	20x
Variational Omni UBER	+0.0163%	8h	71.180	+0.056%	$442K	$23K	—	as long as short
Bybit UBERUSDT	+0.0226%	8h	71.290	+0.211%	$378K	$92K	25x	as long as short
Binance UBERUSDT	+0.0283%	8h	71.179	+0.054%	$2.4M	$661K	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_Perpshort	+0.0505%	8h	71.163	+0.032%	$669	$206K	10x
HTX UBER-USDT	+0.1848%	8h	71.710	+0.801%	$48K	$35K	20x	as long as short