Funding arb · Price arb /

UBER

RWAall UBER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0251%/8h= −27.5% APRpaid last 24h −0.030%

Price spread now: QFEX against Binance+0.013%7-day average −0.044% · 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−$55as in the Price arb table

costs, in and out, $10k−$610.608% of the position

Long on Binance Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.054%−$5 on $10k

Price spread, last 2 days (all we have)−0.034%−$3 · spread now +0.013%, 7d avg −0.044%

Together, before fees−0.088%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.057% dearer against Binance than usual: you sell high and buy low (spread +0.013% now, against its 7-day average of −0.044%): +$6 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 3 days (−0.054% in total) that is about 3.5 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.054% in total (about -5.9% a year). A funding rate is set anew for every payment. 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	71.071	0.0295	pay 0.0295% / 8h	1h 49m	$2.3M	$632K	20x
Short	QFEX UBER-USD	71.080	0.0044	get 0.0006% / 1h	49m 15s	$1.1M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$52.78
Price spread: +0.013% → −0.044%: $5.71
Slippage, 4 orders: −$40.82
Fee Binance: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$107.89
Costs to cover: 0.608%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; QFEX: live order book, 1 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, 16 min ago	2.11 bp	22.5 bp −$23	59.8 bp −$598	doesn't fit	doesn't fit
Sell QFEX live order book, 1 min ago	1.41 bp	11.0 bp −$11	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	70.390	−0.958%	$16K	$14K	12x	as long as short
Aster UBERUSDT	0.0000%	8h	71.191	+0.168%	$93K	$11K	20x	as long as short
Bybit UBERUSDT	0.0000%	8h	71.130	+0.083%	$314K	$71K	25x	as long as short
Gate UBER_USDT	0.0000%	8h	71.080	+0.013%	$366K	$265K	20x	as long as short
Bitget UBERUSDT	0.0000%	8h	71.100	+0.041%	$403K	$61K	20x	as long as short
SunX UBER-USDT	0.0000%	8h	71.030	−0.058%	$1K	$2.1M	10x	as long as short
QFEX UBER-USDshort	+0.0044%	1h	71.080	+0.013%	$1.1M	$1.1M	10x
KuCoin UBERUSDTM	+0.0100%	8h	71.020	−0.072%	$166K	$808K	20x	as long as short
Variational Omni UBER	+0.0100%	8h	71.135	+0.090%	$442K	$23K	—	as long as short
Binance UBERUSDTlong	+0.0295%	8h	71.071	long leg	$2.3M	$632K	20x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT UBER_USDT_Perp	+0.0701%	8h	71.120	+0.069%	$395	$228K	10x	as long as short
HTX UBER-USDT	+0.1464%	8h	71.530	+0.646%	$48K	$34K	20x	as long as short