Funding you earn now, next payment 03:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h +0.004%
Price spread now: Bybit against QFEX+0.169%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$740.742% of the position
Funding, last 4 days (all we have)−0.008%−$1 on $10k
+Price spread, last 4 days (all we have)−0.169%−$17 · spread now +0.169%, 7d avg +0.045%
=The price spread pays, funding is against you. Bybit is 0.124% dearer against QFEX than usual: you sell high and buy low (spread +0.169% now, against its 7-day average of +0.045%): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.2 days. At the pace of the last 4 days (−0.008% in total) that is about 54 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX UBER-USD | 71.200 | 0.0080 | pay 0.0010% / 1h | 29m 01s | $1.1M | $1.0M | 10x |
| Short | Bybit UBERUSDT | 71.320 | 0 | get 0.0000% / 8h | 5h 29m | $371K | $93K | 25x |
QFEX UBER-USD
Bybit UBERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against QFEX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$16.8
- Price spread: +0.169% → +0.045%
- $12.38
- Slippage, 4 orders
- −$53.2
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$78.62
- Costs to cover
- 0.742%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 1 min ago; Bybit: live order book, 25 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 QFEX live order book, 1 min ago | 2.11 bp | 10.6 bp −$11 | 23.9 bp −$239 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 25 min ago | 3.50 bp | 37.0 bp −$37 | 330.8 bp −$3,308 | 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 | 70.480 | −1.011% | $16K | $14K | 12x | as long as short |
| Aster UBERUSDT | 0.0000% | 8h | 71.234 | +0.048% | $93K | $11K | 20x | as long as short |
| Bybit UBERUSDTshort | 0.0000% | 8h | 71.320 | +0.169% | $371K | $93K | 25x | |
| Gate UBER_USDT | 0.0000% | 8h | 71.200 | 0.000% | $364K | $262K | 20x | as long as short |
| Bitget UBERUSDT | 0.0000% | 8h | 71.190 | −0.014% | $424K | $95K | 20x | as long as short |
| Variational Omni UBER | 0.0000% | 8h | 71.225 | +0.035% | $442K | $23K | — | as long as short |
| SunX UBER-USDT | 0.0000% | 8h | 71.160 | −0.056% | $1K | $2.0M | 10x | as long as short |
| QFEX UBER-USDlong | +0.0080% | 1h | 71.200 | long leg | $1.1M | $1.0M | 10x | |
| KuCoin UBERUSDTM | +0.0100% | 8h | 71.080 | −0.169% | $167K | $636K | 20x | as long as short |
| Binance UBERUSDT | +0.0132% | 8h | 71.210 | +0.014% | $2.3M | $641K | 20x | as long as short |
Injective UBER/USDC PERP
Aster UBERUSDT
Gate UBER_USDT
Bitget UBERUSDT
Variational Omni UBER
SunX UBER-USDT
KuCoin UBERUSDTM
Binance UBERUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT UBER_USDT_Perp | +0.0292% | 8h | 71.210 | +0.014% | $801 | $198K | 10x | as long as short |
| HTX UBER-USDT | +0.1541% | 8h | 71.720 | +0.730% | $48K | $35K | 20x | as long as short |
GRVT UBER_USDT_Perp
HTX UBER-USDT