UVXY

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.1143%/8h= +125.2% APRnext payment +$11.43 per $10,000 · paid last 24h +0.047%

Price spread now: OKX against Bybit−0.058%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$202as in the Price arb table

costs, in and out, $10k−$1991.989% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.208%+$21 on $10k

Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.058%, 7d avg −0.030%

Together, before fees+0.285%+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.028% cheaper against Bybit than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of −0.030%). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$34 a day). At the pace of the last 7 days (+0.208% in total) that is about 23 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.208% in total (about 10.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$11.43 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	OKX UVXY-USDT-SWAP	17.180	0.1143	get 0.1143% / 8h	5h 04m	$400K	$387K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.058%Rate

Funding earned: $240.04
Price spread: −0.058% → −0.030%: −$2.79
Slippage, 4 orders: −$177.88
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: $38.37
Costs to cover: 1.989%
Break-even: 5.9 days

Slippage from Bybit: live order book, 4 min ago; OKX: live order book, 39 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 OKX live order book, 39 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	17.181	−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-SWAPshort	+0.1143%	8h	17.180	−0.058%	$400K	$387K	20x
Variational Omni UVXY	+0.1470%	8h	17.170	−0.114%	$97K	$6K	—	as long as short

Show 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_USDT	+0.1530%	8h	17.160	−0.175%	$880K	$87K	20x	as long as short
BloFin UVXY-USDT	+0.1554%	8h	17.190	0.000%	$63K	$4K	20x	as long as short