UBER

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0191%/8h= −20.9% APRnext payment −$1.91 per $10,000 · paid last 24h −0.024%

Price spread now: KuCoin against Binance−0.181%7-day average −0.164% · you buy dearer than you sell

Net, funding: paid 7d − costs−$917as in the Funding arb table

Net, price: spread back to 7d avg − costs−$931as in the Price arb table

costs, in and out, $10k−$9299.290% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.121%+$12 on $10k

Price spread, last 2 days (all we have)−0.079%−$8 · spread now −0.181%, 7d avg −0.164%

Together, before fees+0.042%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.164%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.121%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.121% in total (about 6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.91 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	Binance UBERUSDT	71.189	0.0291	pay 0.0291% / 8h	36m 18s	$2.3M	$630K	20x
Short	KuCoin UBERUSDTM	71.060	0.0100	get 0.0100% / 8h	36m 18s	$167K	$741K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now −0.181%Rate

Funding earned: −$40.01
Price spread: −0.181% → −0.164%: −$1.76
Slippage, 4 orders: −$907.04
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$970.81
Costs to cover: 9.290%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; KuCoin: live order book, 28 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 Binance live order book, 14 min ago	1.40 bp	19.1 bp −$19	51.8 bp −$518	doesn't fit	doesn't fit
Sell KuCoin live order book, 28 min ago	18.30 bp	381.1 bp −$381	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	−1.066%	$16K	$14K	12x	as long as short
Aster UBERUSDT	0.0000%	8h	71.220	+0.043%	$93K	$11K	20x	as long as short
Gate UBER_USDT	0.0000%	8h	71.210	+0.029%	$367K	$265K	20x	as long as short
Bitget UBERUSDT	0.0000%	8h	71.170	−0.027%	$409K	$67K	20x	as long as short
SunX UBER-USDT	0.0000%	8h	71.150	−0.055%	$1K	$2.1M	10x	as long as short
Bybit UBERUSDT	+0.0003%	8h	71.230	+0.058%	$335K	$80K	25x	as long as short
QFEX UBER-USD	+0.0080%	1h	71.140	−0.069%	$1.1M	$1.1M	10x	as long as short
KuCoin UBERUSDTMshort	+0.0100%	8h	71.060	−0.181%	$167K	$741K	20x
Variational Omni UBER	+0.0118%	8h	71.190	+0.001%	$442K	$23K	—	as long as short
Binance UBERUSDTlong	+0.0291%	8h	71.189	long leg	$2.3M	$630K	20x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT UBER_USDT_Perp	+0.0651%	8h	71.192	+0.005%	$797	$213K	10x	as long as short
HTX UBER-USDT	+0.1312%	8h	71.630	+0.619%	$48K	$34K	20x	as long as short