Funding arb · Price arb /

URNM

RWAall URNM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0572%/8h= −62.7% APRpaid last 24h +0.021%

Price spread now: tradeXYZ against OKX−0.071%7-day average −0.158% · you buy dearer than you sell

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

Long on OKX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now −0.071%, 7d avg −0.158%

Together, before fees−0.106%+ Points / potential airdroptradeXYZ: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.087% dearer against OKX than usual: you sell high and buy low (spread −0.071% now, against its 7-day average of −0.158%): +$9 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.036% in total) that is about 17 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.036% in total (about -1.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX URNM-USDT-SWAP	52.090	0	get 0.0000% / 8h	6h 08m	$207K	$92K	20x
Short	tradeXYZ xyz:URNM	52.053	−0.0572	pay 0.0072% / 1h	8m 21s	$1.4M	$432K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against OKX. 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 OKXbpFee tradeXYZbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$120.16
Price spread: −0.071% → −0.158%: $8.73
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$139.43
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 39 min ago; tradeXYZ: 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 OKX live order book, 39 min ago	0.96 bp	76.1 bp −$76	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 2 min ago	2.02 bp	58.8 bp −$59	126.9 bp −$1,269	doesn't fit	doesn't fit

URNM on 13 exchanges

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	−0.0572%	1h	52.053	−0.071%	$1.4M	$432K	10x
BloFin URNM-USDT	−0.0025%	8h	52.100	+0.019%	$53K	$2K	20x	as long as short
Aster URNMUSDT	0.0000%	8h	52.019	−0.137%	$17K	$629	20x	as long as short
Binance URNMUSDT	0.0000%	8h	52.070	−0.038%	$719K	$675K	20x	as long as short
OKX URNM-USDT-SWAPlong	0.0000%	8h	52.090	long leg	$207K	$92K	20x
Gate URNM_USDT	0.0000%	8h	52.100	+0.019%	$81K	$3K	20x	as long as short
MEXC URNM_USDT	0.0000%	8h	52.010	−0.154%	$406K	$125K	50x	as long as short
Variational Omni URNM	0.0000%	8h	52.043	−0.090%	$93K	$6K	—	as long as short
SunX URNM-USDT	0.0000%	8h	52.020	−0.134%	$738	$1.0M	10x	as long as short
HTX URNM-USDT	0.0000%	8h	52.060	−0.058%	$5K	$2K	10x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica URNM	+0.0100%	1h	52.018	−0.139%	$26K	$13K	10x	as long as short
Ondo Perps URNM-USD.P	+0.0137%	1h	52.020	−0.134%	$2K	$2K	5x	as long as short
GRVT URNM_USDT_Perp	+0.0506%	8h	52.059	−0.059%	$2K	$124K	10x	as long as short