Funding you earn now, next payment 16:00 UTC−0.3001%/8h= −328.6% APRnext payment −$30.01 per $10,000 · paid last 24h −0.147%
Price spread now: Bybit against GRVT−0.001%110s7-day average +0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$373as 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−$3283.284% of the position
Funding, last 7 days−0.442%−$44 on $10k
+Price spread, last 4 days (all we have)+0.341%+$34 · spread now −0.001%, 7d avg +0.055%
=Together, before fees−0.101%+ Points / potential airdropGRVT: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$90 a day on $10k at the current rate, and Bybit is 0.055% cheaper against GRVT than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.055%). Swap the legs. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.442% in total (about -23.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$30.01 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 | GRVT UVXY_USDT_Perp | 17.260 | 0.3648 | pay 0.3648% / 8h | 6h 57m | $6K | $147K | 10x |
| Short | Bybit UVXYUSDT | 17.260 | 0.0647 | get 0.0647% / 8h | 6h 57m | $1.1M | $185K | 25x |
GRVT UVXY_USDT_Perp
Bybit UVXYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against GRVT. 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
- −$630.13
- Price spread: −0.001% → +0.055%
- −$5.54
- Slippage, 4 orders
- −$308.41
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$964.07
- Costs to cover
- 3.284%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 34 min ago; Bybit: live order book, 3 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 GRVT live order book, 34 min ago | 5.78 bp | 53.5 bp −$54 | 122.2 bp −$1,222 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 5.79 bp | 129.7 bp −$130 | 237.5 bp −$2,375 | 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 | 17.217 | −0.250% | $6K | $1K | 20x | as long as short |
| Gate UVXY_USDT | 0.0000% | 8h | 17.240 | −0.117% | $394K | $218K | 20x | as long as short |
| Bitget UVXYUSDT | 0.0000% | 8h | 17.201 | −0.343% | $788K | $246K | 20x | as long as short |
| SunX UVXY-USDT | 0.0000% | 8h | 17.240 | −0.117% | $648 | $330K | 10x | as long as short |
| Phemex UVXYUSDT | 0.0000% | 8h | 17.240 | −0.117% | $1.2M | $124K | 10x | as long as short |
| Bybit UVXYUSDTshort | +0.0647% | 8h | 17.260 | −0.001% | $1.1M | $185K | 25x | |
| OKX UVXY-USDT-SWAP | +0.1037% | 8h | 17.250 | −0.059% | $392K | $368K | 20x | as long as short |
| KuCoin UVXYUSDTM | +0.1194% | 8h | 17.240 | −0.117% | $161K | $868K | 20x | as long as short |
| HTX UVXY-USDT | +0.1353% | 8h | 17.270 | +0.057% | $11K | $3K | 10x | as long as short |
| Variational Omni UVXY | +0.1421% | 8h | 17.242 | −0.106% | $97K | $6K | — | as long as short |
Aster UVXYUSDT
Gate UVXY_USDT
Bitget UVXYUSDT
SunX UVXY-USDT
Phemex UVXYUSDT
OKX UVXY-USDT-SWAP
KuCoin UVXYUSDTM
HTX UVXY-USDT
Variational Omni UVXYShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC UVXY_USDT | +0.1522% | 8h | 17.230 | −0.174% | $884K | $84K | 20x | as long as short |
| Binance UVXYUSDT | +0.1525% | 8h | 17.245 | −0.088% | $2.1M | $1.6M | 20x | as long as short |
| BloFin UVXY-USDT | +0.1526% | 8h | 17.240 | −0.117% | $18K | $4K | 20x | as long as short |
| GRVT UVXY_USDT_Perplong | +0.3648% | 8h | 17.260 | long leg | $6K | $147K | 10x |
MEXC UVXY_USDT
Binance UVXYUSDT
BloFin UVXY-USDT