Funding you earn now, next payment 16:00 UTC−0.0419%/8h= −45.9% APRnext payment −$4.19 per $10,000 · paid last 24h −0.099%
Price spread now: OKX against GRVT−0.011%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1341.343% of the position
Funding, last 7 days−0.234%−$23 on $10k
+Price spread, last 4 days (all we have)+0.194%+$19 · spread now −0.011%, 7d avg +0.029%
=Together, before fees−0.040%+ Points / potential airdropGRVT: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and OKX is 0.040% cheaper against GRVT than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.029%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.234% in total (about -12.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.19 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 | GRVT UVXY_USDT_Perp | 17.212 | 0.1531 | pay 0.1531% / 8h | 4h 44m | $6K | $142K | 10x |
| Short | OKX UVXY-USDT-SWAP | 17.210 | 0.1112 | get 0.1112% / 8h | 4h 44m | $401K | $385K | 20x |
GRVT UVXY_USDT_Perp
OKX UVXY-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$87.96
- Price spread: −0.011% → +0.029%
- −$4.01
- Slippage, 4 orders
- −$115.28
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$226.25
- Costs to cover
- 1.343%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 59 min ago; OKX: live order book, 59 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, 59 min ago | 8.73 bp | 39.0 bp −$39 | 112.6 bp −$1,126 | doesn't fit | doesn't fit |
| Sell OKX live order book, 59 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 | 17.205 | −0.042% | $6K | $1K | 20x | as long as short |
| Bybit UVXYUSDT | 0.0000% | 8h | 17.210 | −0.011% | $1.1M | $174K | 25x | as long as short |
| Gate UVXY_USDT | 0.0000% | 8h | 17.200 | −0.069% | $398K | $226K | 20x | as long as short |
| Bitget UVXYUSDT | 0.0000% | 8h | 17.191 | −0.122% | $796K | $252K | 20x | as long as short |
| SunX UVXY-USDT | 0.0000% | 8h | 17.200 | −0.069% | $786 | $353K | 10x | as long as short |
| HTX UVXY-USDT | 0.0000% | 8h | 17.240 | +0.163% | $11K | $3K | 10x | as long as short |
| Phemex UVXYUSDT | 0.0000% | 8h | 17.220 | +0.047% | $1.2M | $135K | 10x | as long as short |
| OKX UVXY-USDT-SWAPshort | +0.1112% | 8h | 17.210 | −0.011% | $401K | $385K | 20x | |
| KuCoin UVXYUSDTM | +0.1174% | 8h | 17.220 | +0.047% | $152K | $999K | 20x | as long as short |
| Variational Omni UVXY | +0.1479% | 8h | 17.201 | −0.066% | $97K | $6K | — | as long as short |
Aster UVXYUSDT
Bybit UVXYUSDT
Gate UVXY_USDT
Bitget UVXYUSDT
SunX UVXY-USDT
HTX UVXY-USDT
Phemex UVXYUSDT
KuCoin UVXYUSDTM
Variational Omni UVXYShow all 14 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin UVXY-USDT | +0.1522% | 8h | 17.210 | −0.011% | $64K | $4K | 20x | as long as short |
| GRVT UVXY_USDT_Perplong | +0.1531% | 8h | 17.212 | long leg | $6K | $142K | 10x | |
| MEXC UVXY_USDT | +0.1539% | 8h | 17.190 | −0.128% | $882K | $85K | 20x | as long as short |
| Binance UVXYUSDT | +0.1540% | 8h | 17.216 | +0.025% | $2.2M | $1.8M | 20x | as long as short |
BloFin UVXY-USDT
MEXC UVXY_USDT
Binance UVXYUSDT