Funding arb · Price arb /

URNM

RWAall URNM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0322%/8h= +35.3% APRpaid last 24h −0.054%

Price spread now: OKX against tradeXYZ+0.010%7-day average +0.165% · you sell dearer than you buy

Net, funding: paid 7d − costs−$249as in the Funding arb table

Net, price: spread back to 7d avg − costs−$271as in the Price arb table

costs, in and out, $10k−$2562.557% of the position

Long on tradeXYZ Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now +0.010%, 7d avg +0.165%

Together, before fees+0.123%+ Points / potential airdroptradeXYZ: Active · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.155% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.010% now, against its 7-day average of +0.165%). If the spread goes back, that is −$16 on $10k: about 39 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.063% 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 0.063% in total (about 3.3% 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	tradeXYZ xyz:URNM	51.995	−0.0322	get 0.0040% / 1h	13m 39s	$1.4M	$424K	10x
Short	OKX URNM-USDT-SWAP	52.000	0	get 0.0000% / 8h	6h 13m	$215K	$88K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against tradeXYZ. 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 tradeXYZbpFee OKXbpOrdersPrice spread, now +0.010%Rate

Funding earned: $67.62
Price spread: +0.010% → +0.165%: −$15.5
Slippage, 4 orders: −$227.7
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: −$203.58
Costs to cover: 2.557%
Break-even: 28.1 days

Slippage from tradeXYZ: live order book, 4 min ago; OKX: live order book, 51 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 tradeXYZ live order book, 4 min ago	2.79 bp	56.7 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 51 min ago	8.64 bp	79.3 bp −$79	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:URNMlong	−0.0322%	1h	51.995	long leg	$1.4M	$424K	10x
Aster URNMUSDT	0.0000%	8h	52.091	+0.185%	$17K	$629	20x	as long as short
OKX URNM-USDT-SWAPshort	0.0000%	8h	52.000	+0.010%	$215K	$88K	20x
Gate URNM_USDT	0.0000%	8h	52.060	+0.125%	$81K	$3K	20x	as long as short
GRVT URNM_USDT_Perp	0.0000%	8h	52.040	+0.087%	$2K	$117K	10x	as long as short
SunX URNM-USDT	0.0000%	8h	52.020	+0.048%	$962	$1.5M	10x	as long as short
HTX URNM-USDT	0.0000%	8h	51.990	−0.010%	$5K	$3K	10x	as long as short
Ondo Perps URNM-USD.P	+0.0050%	1h	52.040	+0.087%	$2K	$4K	5x	as long as short
Pacifica URNM	+0.0100%	1h	52.051	+0.109%	$25K	$13K	10x	as long as short
Variational Omni URNM	+0.0244%	8h	52.025	+0.058%	$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	+0.106%	$725K	$808K	20x	as long as short
MEXC URNM_USDT	+0.0486%	8h	52.030	+0.067%	$407K	$136K	50x	as long as short