UBER

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0550%/8h= +60.2% APRnext payment +$5.50 per $10,000 · paid last 24h −0.034%

Price spread now: GRVT against Variational Omni+0.031%104s7-day average −0.006% · you sell dearer than you buy

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

Long on Variational Omni Short on GRVT

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)−0.048%−$5 · spread now +0.031%, 7d avg −0.006%

Together, before fees−0.044%+ Points / potential airdropVariational Omni: Active · GRVT: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and GRVT is 0.037% dearer against Variational Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.006%. The two prices were read 104 seconds apart, so part of this spread may be the market moving, not a spread.

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 +$5.50 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	Variational Omni UBER	71.140	0.0143	pay 0.0143% / 8h	57m 52s	$442K	$23K	—
Short	GRVT UBER_USDT_Perp	71.162	0.0693	get 0.0693% / 8h	57m 52s	$483	$216K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Variational Omni. 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 Variational OmnibpFee GRVTbpOrdersPrice spread, now +0.031%Rate

Funding earned: $115.49
Price spread: +0.031% → −0.006%: $3.68
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $110.17
Costs to cover: 0.090%
Break-even: 0.3 days

Slippage unknown: Variational Omni: RFQ quote, 21 min ago; GRVT: live order book, 19 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 Variational Omni RFQ quote, 21 min ago	4.07 bp	doesn't fit	81.2 bp −$812	doesn't fit	doesn't fit
Sell GRVT live order book, 19 min ago	3.51 bp	56.0 bp −$56	doesn't fit	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	70.430	−0.998%	$16K	$14K	12x	as long as short
Aster UBERUSDT	0.0000%	8h	71.210	+0.098%	$93K	$11K	20x	as long as short
Gate UBER_USDT	0.0000%	8h	71.170	+0.042%	$366K	$264K	20x	as long as short
Bitget UBERUSDT	0.0000%	8h	71.120	−0.028%	$404K	$62K	20x	as long as short
SunX UBER-USDT	0.0000%	8h	71.120	−0.028%	$1K	$2.1M	10x	as long as short
Bybit UBERUSDT	+0.0020%	8h	71.230	+0.127%	$335K	$80K	25x	as long as short
QFEX UBER-USD	+0.0080%	1h	71.130	−0.014%	$1.1M	$1.1M	10x	as long as short
KuCoin UBERUSDTM	+0.0100%	8h	71.050	−0.127%	$166K	$760K	20x	as long as short
Variational Omni UBERlong	+0.0143%	8h	71.140	long leg	$442K	$23K	—
Binance UBERUSDT	+0.0310%	8h	71.149	+0.013%	$2.3M	$624K	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	+0.0693%	8h	71.162	+0.031%	$483	$216K	10x
HTX UBER-USDT	+0.1378%	8h	71.610	+0.661%	$48K	$34K	20x	as long as short