UBER

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0324%/8h= −35.4% APRnext payment −$3.24 per $10,000 · paid last 24h −0.053%

Price spread now: Bitget against Binance+0.023%7-day average −0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$930.928% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.129%−$13 on $10k

Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.023%, 7d avg −0.049%

Together, before fees−0.256%−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.072% dearer against Binance than usual: you sell high and buy low (spread +0.023% now, against its 7-day average of −0.049%): +$7 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.129% in total) that is about 3.9 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.129% in total (about -6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.24 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance UBERUSDT	71.374	0.0324	pay 0.0324% / 8h	4h 48m	$2.4M	$700K	20x
Short	Bitget UBERUSDT	71.390	0	get 0.0000% / 8h	4h 48m	$490K	$152K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BitgetbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$67.97
Price spread: +0.023% → −0.049%: $7.18
Slippage, 4 orders: −$70.83
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$153.61
Costs to cover: 0.928%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Bitget: live order book, 51 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, 10 min ago	2.80 bp	16.4 bp −$16	46.0 bp −$460	doesn't fit	doesn't fit
Sell Bitget live order book, 51 min ago	11.22 bp	42.0 bp −$42	53.4 bp −$534	doesn't fit	doesn't fit

UBER on 12 exchanges

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
Aster UBERUSDT	0.0000%	8h	71.492	+0.166%	$93K	$11K	20x	as long as short
Gate UBER_USDT	0.0000%	8h	71.370	−0.005%	$369K	$226K	20x	as long as short
Bitget UBERUSDTshort	0.0000%	8h	71.390	+0.023%	$490K	$152K	20x
SunX UBER-USDT	0.0000%	8h	71.310	−0.089%	$1K	$1.9M	10x	as long as short
Injective UBER/USDC PERP	+0.0033%	1h	70.650	−1.014%	$16K	$14K	12x	as long as short
QFEX UBER-USD	+0.0080%	1h	71.360	−0.019%	$1.1M	$1.1M	10x	as long as short
KuCoin UBERUSDTM	+0.0100%	8h	71.330	−0.061%	$170K	$578K	20x	as long as short
Bybit UBERUSDT	+0.0202%	8h	71.450	+0.107%	$419K	$109K	25x	as long as short
Variational Omni UBER	+0.0229%	8h	71.370	−0.005%	$447K	$25K	—	as long as short
Binance UBERUSDTlong	+0.0324%	8h	71.374	long leg	$2.4M	$700K	20x

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT UBER_USDT_Perp	+0.0684%	8h	71.370	−0.005%	$682	$226K	10x	as long as short
HTX UBER-USDT	+0.2382%	8h	71.910	+0.752%	$48K	$34K	20x	as long as short