Funding you earn now, next payment 08:00 UTC−0.0289%/8h= −31.6% APRnext payment −$2.89 per $10,000 · paid last 24h +0.009%
Price spread now: Variational Omni against Bybit−0.112%7-day average −0.061% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.010%+$1 on $10k
+Price spread, last 4 days (all we have)−0.022%−$2 · spread now −0.112%, 7d avg −0.061%
=Together, before fees−0.011%+ Points / potential airdropVariational Omni: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Variational Omni is 0.051% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.061%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.010% in total (about 1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.89 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 | Bybit UBERUSDT | 71.210 | 0.0313 | pay 0.0313% / 8h | 17m 50s | $377K | $94K | 25x |
| Short | Variational Omni UBER | 71.130 | 0.0024 | get 0.0024% / 8h | 17m 50s | $445K | $27K | — |
Bybit UBERUSDT
Variational Omni UBERFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Bybit. 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
- −$60.63
- Price spread: −0.112% → −0.061%
- −$5.1
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$76.73
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 12 min ago; Variational Omni: RFQ quote, 21 min ago. 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 Bybit live order book, 12 min ago | 4.92 bp | 19.2 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 21 min ago | 2.93 bp | doesn't fit | 84.3 bp −$843 | 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 | 70.340 | −1.222% | $16K | $14K | 12x | as long as short |
| Aster UBERUSDT | 0.0000% | 8h | 71.168 | −0.058% | $93K | $11K | 20x | as long as short |
| Gate UBER_USDT | 0.0000% | 8h | 71.100 | −0.154% | $368K | $250K | 20x | as long as short |
| Bitget UBERUSDT | 0.0000% | 8h | 71.100 | −0.154% | $459K | $140K | 20x | as long as short |
| SunX UBER-USDT | 0.0000% | 8h | 71.110 | −0.140% | $2K | $2.0M | 10x | as long as short |
| Variational Omni UBERshort | +0.0024% | 8h | 71.130 | −0.112% | $445K | $27K | — | |
| QFEX UBER-USD | +0.0067% | 1h | 71.100 | −0.154% | $1.1M | $1.1M | 10x | as long as short |
| KuCoin UBERUSDTM | +0.0100% | 8h | 71.090 | −0.169% | $170K | $499K | 20x | as long as short |
| Binance UBERUSDT | +0.0145% | 8h | 71.090 | −0.169% | $2.4M | $697K | 20x | as long as short |
| GRVT UBER_USDT_Perp | +0.0253% | 8h | 71.100 | −0.154% | $200 | $207K | 10x | as long as short |
Injective UBER/USDC PERP
Aster UBERUSDT
Gate UBER_USDT
Bitget UBERUSDT
SunX UBER-USDT
QFEX UBER-USD
KuCoin UBERUSDTM
Binance UBERUSDT
GRVT UBER_USDT_PerpShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit UBERUSDTlong | +0.0313% | 8h | 71.210 | long leg | $377K | $94K | 25x | |
| HTX UBER-USDT | +0.1519% | 8h | 71.640 | +0.604% | $48K | $34K | 20x | as long as short |
HTX UBER-USDT