UBER

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0224%/8h= +24.5% APRnext payment +$2.24 per $10,000 · paid last 24h +0.053%

Price spread now: Binance against SunX+0.014%7-day average +0.062% · you sell dearer than you buy

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

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.129%+$13 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.014%, 7d avg +0.062%

Together, before fees+0.059%+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.048% cheaper against SunX than usual: you would sell low and buy high (spread +0.014% now, against its 7-day average of +0.062%). If the spread goes back, that is −$5 on $10k: about 17 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.129% in total) that is about 2.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.129% in total (about 6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.24 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	SunX UBER-USDT	71.060	0	get 0.0000% / 8h	7h 33m	$2K	$2.0M	10x
Short	Binance UBERUSDT	71.070	0.0224	get 0.0224% / 8h	7h 33m	$2.4M	$704K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 SunXbpFee BinancebpOrdersPrice spread, now +0.014%Rate

Funding earned: $47.02
Price spread: +0.014% → +0.062%: −$4.78
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: $24.25
Costs to cover: 0.180%
Break-even: 3.4 days

Slippage unknown: SunX: live order book, 3 min ago; Binance: live order book, 2 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 SunX live order book, 3 min ago	500.98 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	1.41 bp	19.8 bp −$20	58.1 bp −$581	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	70.400	−0.929%	$16K	$14K	12x	as long as short
Aster UBERUSDT	0.0000%	8h	71.391	+0.466%	$93K	$11K	20x	as long as short
Gate UBER_USDT	0.0000%	8h	71.100	+0.056%	$368K	$244K	20x	as long as short
Bitget UBERUSDT	0.0000%	8h	71.060	0.000%	$468K	$148K	20x	as long as short
SunX UBER-USDTlong	0.0000%	8h	71.060	long leg	$2K	$2.0M	10x
QFEX UBER-USD	+0.0080%	1h	71.050	−0.014%	$1.1M	$1.1M	10x	as long as short
KuCoin UBERUSDTM	+0.0100%	8h	71.060	0.000%	$170K	$508K	20x	as long as short
Variational Omni UBER	+0.0126%	8h	71.075	+0.021%	$445K	$27K	—	as long as short
Binance UBERUSDTshort	+0.0224%	8h	71.070	+0.014%	$2.4M	$704K	20x
Bybit UBERUSDT	+0.0556%	8h	71.120	+0.084%	$391K	$98K	25x	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	+0.1121%	8h	71.100	+0.056%	$296	$209K	10x	as long as short
HTX UBER-USDT	+0.2804%	8h	71.640	+0.816%	$48K	$34K	20x	as long as short