Funding arb · Price arb /

URNM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0808%/8h= −88.5% APRpaid last 24h −0.017%

Price spread now: tradeXYZ against MEXC−0.067%7-day average −0.103% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1181.182% of the position

Long on MEXC Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 4 days (all we have)+0.076%+$8 · spread now −0.067%, 7d avg −0.103%

Together, before fees−0.003%+ Points / potential airdroptradeXYZ: Active · farm board$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.036% dearer against MEXC than usual: you sell high and buy low (spread −0.067% now, against its 7-day average of −0.103%): +$4 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.080% in total) that is about 3.2 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.080% in total (about -4.2% a year). A funding rate is set anew for every payment. 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	MEXC URNM_USDT	52.030	0.0486	pay 0.0486% / 8h	6h 13m	$407K	$136K	50x
Short	tradeXYZ xyz:URNM	51.995	−0.0322	pay 0.0040% / 1h	13m 39s	$1.4M	$424K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against MEXC. 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 MEXCbpFee tradeXYZbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$169.68
Price spread: −0.067% → −0.103%: $3.62
Slippage, 4 orders: −$100.16
Fee MEXC: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$284.21
Costs to cover: 1.182%
Break-even: never at this rate

Slippage from MEXC: live order book, 37 min ago; tradeXYZ: live order book, 4 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 MEXC live order book, 37 min ago	1.92 bp	11.5 bp −$12	134.0 bp −$1,340	219.3 bp −$21.9K	299.1 bp −$149.6K
Sell tradeXYZ live order book, 4 min ago	2.79 bp	33.2 bp −$33	doesn't fit	doesn't fit	doesn't fit

URNM 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
tradeXYZ xyz:URNMshort	−0.0322%	1h	51.995	−0.067%	$1.4M	$424K	10x
Aster URNMUSDT	0.0000%	8h	52.091	+0.118%	$17K	$629	20x	as long as short
OKX URNM-USDT-SWAP	0.0000%	8h	52.000	−0.058%	$215K	$88K	20x	as long as short
Gate URNM_USDT	0.0000%	8h	52.060	+0.058%	$81K	$3K	20x	as long as short
GRVT URNM_USDT_Perp	0.0000%	8h	52.040	+0.019%	$2K	$117K	10x	as long as short
SunX URNM-USDT	0.0000%	8h	52.020	−0.019%	$962	$1.5M	10x	as long as short
HTX URNM-USDT	0.0000%	8h	51.990	−0.077%	$5K	$3K	10x	as long as short
Ondo Perps URNM-USD.P	+0.0050%	1h	52.040	+0.019%	$2K	$4K	5x	as long as short
Pacifica URNM	+0.0100%	1h	52.051	+0.041%	$25K	$13K	10x	as long as short
Variational Omni URNM	+0.0244%	8h	52.025	−0.009%	$93K	$3K	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance URNMUSDT	+0.0485%	8h	52.050	+0.038%	$725K	$808K	20x	as long as short
MEXC URNM_USDTlong	+0.0486%	8h	52.030	long leg	$407K	$136K	50x