Funding you earn now, next payment 16:00 UTC−0.1532%/8h= −167.7% APRnext payment −$15.32 per $10,000 · paid last 24h −0.089%
Price spread now: Bybit against Binance+0.058%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$213as in the Funding arb table
Net, price: spread back to 7d avg − costs−$193as in the Price arb table
costs, in and out, $10k−$1971.968% of the position
Funding, last 7 days−0.162%−$16 on $10k
+Price spread, last 7 days−0.067%−$7 · spread now +0.058%, 7d avg +0.023%
=The price spread pays, funding is against you. Bybit is 0.036% dearer against Binance than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of +0.023%): +$4 on $10k if it goes back. Holding the pair costs −$46 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.162% in total) that is about 37 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.162% in total (about -8.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$15.32 per $10,000. 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 | Binance UVXYUSDT | 17.200 | 0.1532 | pay 0.1532% / 8h | 4h 47m | $2.2M | $1.8M | 20x |
| Short | Bybit UVXYUSDT | 17.210 | 0 | get 0.0000% / 8h | 4h 47m | $1.1M | $174K | 25x |
Binance UVXYUSDT
Bybit UVXYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$321.71
- Price spread: +0.058% → +0.023%
- $3.56
- Slippage, 4 orders
- −$175.8
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$514.95
- Costs to cover
- 1.968%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Bybit: 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 Binance live order book, 10 min ago | 2.91 bp | 17.2 bp −$17 | 72.3 bp −$723 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 8.71 bp | 78.4 bp −$78 | 230.3 bp −$2,303 | doesn't fit | doesn't fit |
UVXY on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster UVXYUSDT | 0.0000% | 8h | 17.188 | −0.073% | $6K | $1K | 20x | as long as short |
| Bybit UVXYUSDTshort | 0.0000% | 8h | 17.210 | +0.058% | $1.1M | $174K | 25x | |
| Gate UVXY_USDT | 0.0000% | 8h | 17.200 | 0.000% | $398K | $225K | 20x | as long as short |
| Bitget UVXYUSDT | 0.0000% | 8h | 17.179 | −0.122% | $796K | $252K | 20x | as long as short |
| SunX UVXY-USDT | 0.0000% | 8h | 17.200 | 0.000% | $712 | $353K | 10x | as long as short |
| HTX UVXY-USDT | 0.0000% | 8h | 17.190 | −0.058% | $11K | $3K | 10x | as long as short |
| Phemex UVXYUSDT | 0.0000% | 8h | 17.200 | 0.000% | $1.2M | $135K | 10x | as long as short |
| OKX UVXY-USDT-SWAP | +0.1128% | 8h | 17.210 | +0.058% | $401K | $385K | 20x | as long as short |
| KuCoin UVXYUSDTM | +0.1174% | 8h | 17.210 | +0.058% | $152K | $996K | 20x | as long as short |
| Variational Omni UVXY | +0.1469% | 8h | 17.165 | −0.201% | $97K | $6K | — | as long as short |
Aster UVXYUSDT
Gate UVXY_USDT
Bitget UVXYUSDT
SunX UVXY-USDT
HTX UVXY-USDT
Phemex UVXYUSDT
OKX UVXY-USDT-SWAP
KuCoin UVXYUSDTM
Variational Omni UVXYShow all 14 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT UVXY_USDT_Perp | +0.1498% | 8h | 17.175 | −0.144% | $6K | $142K | 10x | as long as short |
| MEXC UVXY_USDT | +0.1529% | 8h | 17.170 | −0.174% | $881K | $84K | 20x | as long as short |
| Binance UVXYUSDTlong | +0.1532% | 8h | 17.200 | long leg | $2.2M | $1.8M | 20x | |
| BloFin UVXY-USDT | +0.1542% | 8h | 17.190 | −0.058% | $64K | $4K | 20x | as long as short |
GRVT UVXY_USDT_Perp
MEXC UVXY_USDT
BloFin UVXY-USDT