Funding arb · Price arb /

UBER

RWAall UBER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0443%/8h= +48.5% APRpaid last 24h +0.077%

Price spread now: Variational Omni against Injective+1.262%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Variational Omni is 1.262% dearer against Injective than usual: you sell high and buy low: +$126 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective UBER/USDC PERP	70.500	−0.0220	get 0.0028% / 1h	56m 52s	$16K	$14K	12x
Short	Variational Omni UBER	71.390	0.0223	get 0.0223% / 8h	5h 56m	$447K	$26K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Injective. 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 InjectivebpFee Variational OmnibpOrdersPrice spread, now +1.262%Rate

Funding earned: $93.02
Price spread: +1.262% → 0.000%: $126.24
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $219.24
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 55 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 Injective no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 55 min ago	7.48 bp	doesn't fit	59.0 bp −$590	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Injective UBER/USDC PERPlong	−0.0220%	1h	70.500	long leg	$16K	$14K	12x
Aster UBERUSDT	0.0000%	8h	71.449	+1.346%	$93K	$11K	20x	as long as short
Gate UBER_USDT	0.0000%	8h	71.390	+1.262%	$370K	$230K	20x	as long as short
Bitget UBERUSDT	0.0000%	8h	71.410	+1.291%	$480K	$147K	20x	as long as short
SunX UBER-USDT	0.0000%	8h	71.350	+1.206%	$2K	$2.0M	10x	as long as short
QFEX UBER-USD	+0.0063%	1h	71.380	+1.248%	$1.1M	$1.1M	10x	as long as short
Bybit UBERUSDT	+0.0066%	8h	71.540	+1.475%	$414K	$107K	25x	as long as short
KuCoin UBERUSDTM	+0.0100%	8h	71.320	+1.163%	$171K	$547K	20x	as long as short
Variational Omni UBERshort	+0.0223%	8h	71.390	+1.262%	$447K	$26K	—
Binance UBERUSDT	+0.0337%	8h	71.410	+1.291%	$2.4M	$722K	20x	as long as short

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT UBER_USDT_Perp	+0.1126%	8h	71.381	+1.250%	$707	$220K	10x	as long as short
HTX UBER-USDT	+0.2648%	8h	71.910	+2.000%	$48K	$34K	20x	as long as short