UVXY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0182%/8h= −19.9% APRnext payment −$1.82 per $10,000 · paid last 24h −0.037%

Price spread now: Phemex against Binance−0.038%52s7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1251.246% of the position

Long on Binance Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 4 days (all we have)−0.065%−$6 · spread now −0.038%, 7d avg −0.075%

Together, before fees+0.068%+$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.036% dearer against Binance than usual: you sell high and buy low (spread −0.038% now, against its 7-day average of −0.075%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 16 hours. Mind the row above: over the last 7 days funding on this pair paid +0.133%, so the current rate has only just turned against you. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance UVXYUSDT	17.257	0.0182	pay 0.0182% / 8h	1h 13m	$1.8M	$1.2M	20x
Short	Phemex UVXYUSDT	17.250	0	get 0.0000% / 8h	1h 13m	$1.3M	$93K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$38.18
Price spread: −0.038% → −0.075%: $3.64
Slippage, 4 orders: −$102.64
Fee Binance: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$159.18
Costs to cover: 1.246%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; Phemex: 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 Binance live order book, 5 min ago	2.90 bp	7.9 bp −$8	56.4 bp −$564	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	2.90 bp	50.3 bp −$50	doesn't fit	doesn't fit	doesn't fit

UVXY on 14 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
Aster UVXYUSDT	0.0000%	8h	17.240	−0.099%	$6K	$1K	20x	as long as short
Bybit UVXYUSDT	0.0000%	8h	17.280	+0.136%	$1.1M	$190K	25x	as long as short
OKX UVXY-USDT-SWAP	0.0000%	8h	17.260	+0.020%	$360K	$322K	20x	as long as short
Gate UVXY_USDT	0.0000%	8h	17.260	+0.020%	$374K	$205K	20x	as long as short
Bitget UVXYUSDT	0.0000%	8h	17.243	−0.079%	$787K	$240K	20x	as long as short
SunX UVXY-USDT	0.0000%	8h	17.250	−0.038%	$1K	$290K	10x	as long as short
HTX UVXY-USDT	0.0000%	8h	17.280	+0.136%	$11K	$3K	10x	as long as short
Phemex UVXYUSDTshort	0.0000%	8h	17.250	−0.038%	$1.3M	$93K	10x
Variational Omni UVXY	+0.0062%	8h	17.252	−0.027%	$97K	$9K	—	as long as short
KuCoin UVXYUSDTM	+0.0100%	8h	17.290	+0.194%	$167K	$786K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC UVXY_USDT	+0.0173%	8h	17.230	−0.154%	$885K	$148K	20x	as long as short
Binance UVXYUSDTlong	+0.0182%	8h	17.257	long leg	$1.8M	$1.2M	20x
BloFin UVXY-USDT	+0.0186%	8h	17.250	−0.038%	$60K	$3K	20x	as long as short
GRVT UVXY_USDT_Perp	+0.0502%	8h	17.260	+0.020%	$7K	$155K	10x	as long as short