Funding arb · Price arb /

UBER

RWAall UBER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.004%

Price spread now: QFEX against KuCoin−0.155%7-day average +0.113% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$1,371as in the Price arb table

costs, in and out, $10k−$1,34413.440% of the position

Long on KuCoin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.066%−$7 on $10k

Price spread, last 4 days (all we have)+0.220%+$22 · spread now −0.155%, 7d avg +0.113%

Together, before fees+0.154%+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and QFEX is 0.268% cheaper against KuCoin than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of +0.113%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin UBERUSDTM	71.190	0.0100	pay 0.0100% / 8h	1h 38m	$167K	$512K	20x
Short	QFEX UBER-USD	71.080	0.0076	get 0.0009% / 1h	38m 31s	$1.1M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.155%Rate

Funding earned: −$5.06
Price spread: −0.155% → +0.113%: −$26.79
Slippage, 4 orders: −$1,321.95
Fee KuCoin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$1,375.8
Costs to cover: 13.440%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	7.02 bp	557.3 bp −$557	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 1 min ago	1.41 bp	10.6 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	70.470	−1.011%	$16K	$14K	12x	as long as short
Aster UBERUSDT	0.0000%	8h	71.218	+0.040%	$93K	$11K	20x	as long as short
Gate UBER_USDT	0.0000%	8h	71.100	−0.126%	$370K	$251K	20x	as long as short
Bitget UBERUSDT	0.0000%	8h	71.170	−0.028%	$445K	$121K	20x	as long as short
SunX UBER-USDT	0.0000%	8h	71.060	−0.183%	$1K	$2.0M	10x	as long as short
QFEX UBER-USDshort	+0.0076%	1h	71.080	−0.155%	$1.1M	$1.1M	10x
KuCoin UBERUSDTMlong	+0.0100%	8h	71.190	long leg	$167K	$512K	20x
Variational Omni UBER	+0.0150%	8h	71.110	−0.112%	$441K	$23K	—	as long as short
Bybit UBERUSDT	+0.0161%	8h	71.160	−0.042%	$377K	$92K	25x	as long as short
Binance UBERUSDT	+0.0261%	8h	71.092	−0.138%	$2.4M	$677K	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	+0.0414%	8h	71.129	−0.086%	$312	$207K	10x	as long as short
HTX UBER-USDT	+0.1690%	8h	71.600	+0.576%	$48K	$34K	20x	as long as short