Funding you earn now, next payment 16:00 UTC+0.1530%/8h= +167.5% APRnext payment +$15.30 per $10,000 · paid last 24h +0.089%
Price spread now: MEXC against Bybit−0.175%7-day average −0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs−$147as in the Funding arb table
Net, price: spread back to 7d avg − costs−$171as in the Price arb table
costs, in and out, $10k−$1631.634% of the position
Funding, last 7 days+0.163%+$16 on $10k
+Price spread, last 4 days (all we have)+0.099%+$10 · spread now −0.175%, 7d avg −0.097%
=Funding pays, the price is against you. MEXC is 0.078% cheaper against Bybit than usual: you would sell low and buy high (spread −0.175% now, against its 7-day average of −0.097%). If the spread goes back, that is −$8 on $10k: about 4 hours of funding at the current rate (+$46 a day). At the pace of the last 7 days (+0.163% in total) that is about 3.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.163% in total (about 8.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$15.30 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 | Bybit UVXYUSDT | 17.190 | 0 | get 0.0000% / 8h | 5h 04m | $1.1M | $175K | 25x |
| Short | MEXC UVXY_USDT | 17.160 | 0.1530 | get 0.1530% / 8h | 5h 04m | $880K | $87K | 20x |
Bybit UVXYUSDT
MEXC UVXY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Bybit. 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
- $321.3
- Price spread: −0.175% → −0.097%
- −$7.77
- Slippage, 4 orders
- −$152.35
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $150.18
- Costs to cover
- 1.634%
- Break-even
- 3.7 days
Slippage from Bybit: live order book, 4 min ago; MEXC: live order book, 34 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 | 8.72 bp | 55.7 bp −$56 | 218.7 bp −$2,187 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 34 min ago | 8.73 bp | 13.2 bp −$13 | 16.4 bp −$164 | 62.0 bp −$6,203 | 212.4 bp −$106.2K |
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 | 17.181 | −0.055% | $6K | $1K | 20x | as long as short |
| Bybit UVXYUSDTlong | 0.0000% | 8h | 17.190 | long leg | $1.1M | $175K | 25x | |
| Gate UVXY_USDT | 0.0000% | 8h | 17.170 | −0.116% | $396K | $227K | 20x | as long as short |
| Bitget UVXYUSDT | 0.0000% | 8h | 17.156 | −0.198% | $795K | $255K | 20x | as long as short |
| SunX UVXY-USDT | 0.0000% | 8h | 17.170 | −0.116% | $1K | $353K | 10x | as long as short |
| HTX UVXY-USDT | 0.0000% | 8h | 17.180 | −0.058% | $11K | $3K | 10x | as long as short |
| Phemex UVXYUSDT | 0.0000% | 8h | 17.170 | −0.116% | $1.2M | $134K | 10x | as long as short |
| KuCoin UVXYUSDTM | +0.1134% | 8h | 17.210 | +0.116% | $151K | $986K | 20x | as long as short |
| OKX UVXY-USDT-SWAP | +0.1143% | 8h | 17.180 | −0.058% | $400K | $387K | 20x | as long as short |
| Variational Omni UVXY | +0.1470% | 8h | 17.170 | −0.114% | $97K | $6K | — | as long as short |
Aster UVXYUSDT
Gate UVXY_USDT
Bitget UVXYUSDT
SunX UVXY-USDT
HTX UVXY-USDT
Phemex UVXYUSDT
KuCoin UVXYUSDTM
OKX UVXY-USDT-SWAP
Variational Omni UVXYShow all 14 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance UVXYUSDT | +0.1528% | 8h | 17.170 | −0.116% | $2.2M | $1.8M | 20x | as long as short |
| GRVT UVXY_USDT_Perp | +0.1528% | 8h | 17.178 | −0.070% | $6K | $141K | 10x | as long as short |
| MEXC UVXY_USDTshort | +0.1530% | 8h | 17.160 | −0.175% | $880K | $87K | 20x | |
| BloFin UVXY-USDT | +0.1554% | 8h | 17.190 | 0.000% | $63K | $4K | 20x | as long as short |
Binance UVXYUSDT
GRVT UVXY_USDT_Perp
BloFin UVXY-USDT