Funding arb · Price arb /

UBER

RWAall UBER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0320%/8h= −35.0% APRpaid last 24h −0.096%

Price spread now: Injective against KuCoin−1.081%85s7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Injective

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—needs both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Injective is 1.081% cheaper against KuCoin than usual: you would sell low and buy high (−$108 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin UBERUSDTM	71.220	0.0100	pay 0.0100% / 8h	2h 25m	$168K	$520K	20x
Short	Injective UBER/USDC PERP	70.450	−0.0220	pay 0.0028% / 1h	25m 48s	$16K	$14K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −1.081%Rate

Funding earned: −$67.2
Price spread: −1.081% → 0.000%: −$108.12
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$187.34
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 33 min ago; Injective: no order-book sample. 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 KuCoin live order book, 33 min ago	14.06 bp	416.3 bp −$416	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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 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 PERPshort	−0.0220%	1h	70.450	−1.081%	$16K	$14K	12x
Aster UBERUSDT	0.0000%	8h	71.456	+0.331%	$93K	$11K	20x	as long as short
Gate UBER_USDT	0.0000%	8h	71.170	−0.070%	$370K	$253K	20x	as long as short
Bitget UBERUSDT	0.0000%	8h	71.170	−0.070%	$437K	$102K	20x	as long as short
SunX UBER-USDT	0.0000%	8h	71.090	−0.183%	$1K	$2.0M	10x	as long as short
QFEX UBER-USD	+0.0080%	1h	71.140	−0.112%	$1.1M	$1.0M	10x	as long as short
KuCoin UBERUSDTMlong	+0.0100%	8h	71.220	long leg	$168K	$520K	20x
Variational Omni UBER	+0.0132%	8h	71.165	−0.077%	$442K	$23K	—	as long as short
Bybit UBERUSDT	+0.0183%	8h	71.200	−0.028%	$377K	$92K	25x	as long as short
Binance UBERUSDT	+0.0253%	8h	71.160	−0.084%	$2.4M	$657K	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT UBER_USDT_Perp	+0.0446%	8h	71.180	−0.056%	$194	$205K	10x	as long as short
HTX UBER-USDT	+0.1748%	8h	71.740	+0.730%	$48K	$35K	20x	as long as short