UVXY

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0804%/8h= +88.0% APRnext payment +$8.04 per $10,000 · paid last 24h +0.082%

Price spread now: KuCoin against Bybit−0.116%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$960as in the Funding arb table

Net, price: spread back to 7d avg − costs−$993as in the Price arb table

costs, in and out, $10k−$9889.876% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.272%+$27 on $10k

Price spread, last 4 days (all we have)+0.059%+$6 · spread now −0.116%, 7d avg −0.065%

Together, before fees+0.332%+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.050% cheaper against Bybit than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of −0.065%). If the spread goes back, that is −$5 on $10k: about 5 hours of funding at the current rate (+$24 a day). At the pace of the last 7 days (+0.272% in total) that is about 31 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.272% in total (about 14.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.04 per $10,000. 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	Bybit UVXYUSDT	17.290	0	get 0.0000% / 8h	7h 36m	$1.1M	$183K	25x
Short	KuCoin UVXYUSDTM	17.270	0.0804	get 0.0804% / 8h	7h 36m	$161K	$837K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now −0.116%Rate

Funding earned: $168.84
Price spread: −0.116% → −0.065%: −$5.02
Slippage, 4 orders: −$964.63
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$823.81
Costs to cover: 9.876%
Break-even: 41.2 days

Slippage from Bybit: live order book, 4 min ago; KuCoin: live order book, 68 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 Bybit live order book, 4 min ago	8.68 bp	84.5 bp −$84	231.3 bp −$2,313	doesn't fit	doesn't fit
Sell KuCoin live order book, 68 min ago	11.60 bp	422.8 bp −$423	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	17.242	−0.280%	$6K	$1K	20x	as long as short
Bybit UVXYUSDTlong	0.0000%	8h	17.290	long leg	$1.1M	$183K	25x
Gate UVXY_USDT	0.0000%	8h	17.290	0.000%	$395K	$227K	20x	as long as short
Bitget UVXYUSDT	0.0000%	8h	17.243	−0.272%	$797K	$238K	20x	as long as short
SunX UVXY-USDT	0.0000%	8h	17.250	−0.231%	$983	$315K	10x	as long as short
Phemex UVXYUSDT	0.0000%	8h	17.270	−0.116%	$1.2M	$117K	10x	as long as short
HTX UVXY-USDT	+0.0375%	8h	17.260	−0.174%	$11K	$3K	10x	as long as short
OKX UVXY-USDT-SWAP	+0.0644%	8h	17.290	0.000%	$390K	$363K	20x	as long as short
KuCoin UVXYUSDTMshort	+0.0804%	8h	17.270	−0.116%	$161K	$837K	20x
Variational Omni UVXY	+0.0939%	8h	17.257	−0.190%	$97K	$7K	—	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	+0.1049%	8h	17.270	−0.116%	$886K	$86K	20x	as long as short
Binance UVXYUSDT	+0.1057%	8h	17.277	−0.074%	$2.1M	$1.5M	20x	as long as short
BloFin UVXY-USDT	+0.1072%	8h	17.280	−0.058%	$62K	$4K	20x	as long as short
GRVT UVXY_USDT_Perp	+0.3138%	8h	17.247	−0.247%	$6K	$151K	10x	as long as short