UBER

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0230%/8h= +25.2% APRnext payment +$2.30 per $10,000 · paid last 24h +0.048%

Price spread now: Binance against KuCoin+0.169%7-day average +0.112% · you sell dearer than you buy

Net, funding: paid 7d − costs−$654as in the Funding arb table

Net, price: spread back to 7d avg − costs−$638as in the Price arb table

costs, in and out, $10k−$6446.442% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.169%, 7d avg +0.112%

Together, before fees−0.123%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Binance is 0.057% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.112%. Mind the row above: over the last 7 days funding on this pair cost −0.097%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.097% in total (about -5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.30 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	KuCoin UBERUSDTM	71.090	0.0100	pay 0.0100% / 8h	3h 18m	$168K	$539K	20x
Short	Binance UBERUSDT	71.210	0.0330	get 0.0330% / 8h	3h 18m	$2.4M	$656K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.169%Rate

Funding earned: $48.25
Price spread: +0.169% → +0.112%: $5.73
Slippage, 4 orders: −$622.19
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$590.22
Costs to cover: 6.442%
Break-even: 92.6 days

Slippage from KuCoin: live order book, 56 min ago; Binance: live order book, 2 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 KuCoin live order book, 56 min ago	11.26 bp	310.3 bp −$310	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	1.40 bp	17.9 bp −$18	61.7 bp −$617	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	69.400	−2.377%	$16K	$14K	12x	as long as short
Aster UBERUSDT	0.0000%	8h	71.302	+0.298%	$93K	$11K	20x	as long as short
Gate UBER_USDT	0.0000%	8h	71.210	+0.169%	$370K	$256K	20x	as long as short
Bitget UBERUSDT	0.0000%	8h	71.200	+0.155%	$438K	$100K	20x	as long as short
SunX UBER-USDT	0.0000%	8h	71.190	+0.141%	$2K	$2.0M	10x	as long as short
KuCoin UBERUSDTMlong	+0.0100%	8h	71.090	long leg	$168K	$539K	20x
QFEX UBER-USD	+0.0160%	1h	71.200	+0.155%	$1.1M	$1.0M	10x	as long as short
Variational Omni UBER	+0.0232%	8h	71.225	+0.190%	$442K	$23K	—	as long as short
Bybit UBERUSDT	+0.0321%	8h	71.320	+0.324%	$379K	$92K	25x	as long as short
Binance UBERUSDTshort	+0.0330%	8h	71.210	+0.169%	$2.4M	$656K	20x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT UBER_USDT_Perp	+0.0619%	8h	71.203	+0.158%	$598	$207K	10x	as long as short
HTX UBER-USDT	+0.2005%	8h	71.730	+0.900%	$48K	$35K	20x	as long as short