UVXY

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0422%/8h= −46.2% APRnext payment −$4.22 per $10,000 · paid last 24h −0.042%

Price spread now: OKX against Binance−0.045%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$950.950% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$5 on $10k

Price spread, last 4 days (all we have)+0.241%+$24 · spread now −0.045%, 7d avg −0.017%

Together, before fees+0.286%+$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and OKX is 0.028% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.017%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.045% in total (about 2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.22 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	17.218	0.1539	pay 0.1539% / 8h	4h 45m	$2.2M	$1.8M	20x
Short	OKX UVXY-USDT-SWAP	17.210	0.1117	get 0.1117% / 8h	4h 45m	$401K	$385K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Binance. 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 BinancebpFee OKXbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$88.69
Price spread: −0.045% → −0.017%: −$2.8
Slippage, 4 orders: −$75.03
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$186.52
Costs to cover: 0.950%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; OKX: live order book, 58 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, 12 min ago	2.91 bp	17.2 bp −$17	72.3 bp −$723	doesn't fit	doesn't fit
Sell OKX live order book, 58 min ago	5.82 bp	33.9 bp −$34	doesn't fit	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	17.208	−0.054%	$6K	$1K	20x	as long as short
Bybit UVXYUSDT	0.0000%	8h	17.210	−0.045%	$1.1M	$174K	25x	as long as short
Gate UVXY_USDT	0.0000%	8h	17.210	−0.045%	$398K	$226K	20x	as long as short
Bitget UVXYUSDT	0.0000%	8h	17.205	−0.074%	$797K	$252K	20x	as long as short
SunX UVXY-USDT	0.0000%	8h	17.200	−0.103%	$786	$353K	10x	as long as short
HTX UVXY-USDT	0.0000%	8h	17.240	+0.129%	$11K	$3K	10x	as long as short
Phemex UVXYUSDT	0.0000%	8h	17.210	−0.045%	$1.2M	$135K	10x	as long as short
OKX UVXY-USDT-SWAPshort	+0.1117%	8h	17.210	−0.045%	$401K	$385K	20x
KuCoin UVXYUSDTM	+0.1173%	8h	17.220	+0.013%	$152K	$999K	20x	as long as short
Variational Omni UVXY	+0.1469%	8h	17.165	−0.304%	$97K	$6K	—	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT UVXY_USDT_Perp	+0.1514%	8h	17.201	−0.096%	$6K	$142K	10x	as long as short
MEXC UVXY_USDT	+0.1538%	8h	17.200	−0.103%	$882K	$85K	20x	as long as short
Binance UVXYUSDTlong	+0.1539%	8h	17.218	long leg	$2.2M	$1.8M	20x
BloFin UVXY-USDT	+0.1541%	8h	17.190	−0.161%	$64K	$4K	20x	as long as short