Funding arb · Price arb /

UBER

RWAall UBER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0437%/8h= −47.9% APRpaid last 24h −0.105%

Price spread now: Injective against Variational Omni−2.549%46s7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Injective

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Injective is 2.549% cheaper against Variational Omni than usual: you would sell low and buy high (−$255 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 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	Variational Omni UBER	71.215	0.0217	pay 0.0217% / 8h	3h 12m	$442K	$23K	—
Short	Injective UBER/USDC PERP	69.400	−0.0220	pay 0.0028% / 1h	12m 23s	$16K	$14K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −2.549%Rate

Funding earned: −$91.78
Price spread: −2.549% → 0.000%: −$254.86
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$346.67
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 42 min ago; Injective: no order-book sample. 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, 42 min ago	2.93 bp	doesn't fit	83.4 bp −$834	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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 PERPshort	−0.0220%	1h	69.400	−2.549%	$16K	$14K	12x
Aster UBERUSDT	0.0000%	8h	71.236	+0.030%	$93K	$11K	20x	as long as short
Gate UBER_USDT	0.0000%	8h	71.210	−0.007%	$370K	$257K	20x	as long as short
Bitget UBERUSDT	0.0000%	8h	71.180	−0.049%	$438K	$101K	20x	as long as short
SunX UBER-USDT	0.0000%	8h	71.180	−0.049%	$1K	$2.0M	10x	as long as short
KuCoin UBERUSDTM	+0.0100%	8h	71.070	−0.204%	$168K	$538K	20x	as long as short
QFEX UBER-USD	+0.0160%	1h	71.200	−0.021%	$1.1M	$1.0M	10x	as long as short
Variational Omni UBERlong	+0.0217%	8h	71.215	long leg	$442K	$23K	—
Bybit UBERUSDT	+0.0298%	8h	71.340	+0.176%	$379K	$92K	25x	as long as short
Binance UBERUSDT	+0.0319%	8h	71.203	−0.016%	$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	+0.0596%	8h	71.215	0.000%	$479	$207K	10x	as long as short
HTX UBER-USDT	+0.1976%	8h	71.730	+0.723%	$48K	$35K	20x	as long as short