Funding you earn now, next payment 08:00 UTC−0.0839%/8h= −91.9% APRnext payment −$8.39 per $10,000 · paid last 24h −0.108%
Price spread now: Phemex against GRVT−0.098%77s7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$268as 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−$2572.565% of the position
Funding, last 7 days−0.119%−$12 on $10k
+Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.098%, 7d avg −0.006%
=Together, before fees−0.055%+ Points / potential airdropGRVT: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Phemex is 0.091% cheaper against GRVT than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.006%). Swap the legs. The two prices were read 77 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 -0.119% in total (about -6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.39 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 | 17.227 | 0.0839 | pay 0.0839% / 8h | 35m 58s | $6K | $154K | 10x |
| Short | Phemex UVXYUSDT | 17.210 | 0 | get 0.0000% / 8h | 35m 58s | $1.2M | $115K | 10x |
GRVT UVXY_USDT_Perp
Phemex UVXYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$176.19
- Price spread: −0.098% → −0.006%
- −$9.14
- Slippage, 4 orders
- −$235.53
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$441.85
- Costs to cover
- 2.565%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 1 min ago; Phemex: live order book, 2 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, 1 min ago | 5.81 bp | 97.3 bp −$97 | 169.7 bp −$1,697 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 26.16 bp | 83.8 bp −$84 | 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 | 17.180 | −0.272% | $6K | $1K | 20x | as long as short |
| Bybit UVXYUSDT | 0.0000% | 8h | 17.220 | −0.040% | $1.1M | $188K | 25x | as long as short |
| Gate UVXY_USDT | 0.0000% | 8h | 17.190 | −0.214% | $375K | $203K | 20x | as long as short |
| Bitget UVXYUSDT | 0.0000% | 8h | 17.167 | −0.347% | $793K | $242K | 20x | as long as short |
| SunX UVXY-USDT | 0.0000% | 8h | 17.180 | −0.272% | $2K | $307K | 10x | as long as short |
| HTX UVXY-USDT | 0.0000% | 8h | 17.270 | +0.250% | $11K | $3K | 10x | as long as short |
| Phemex UVXYUSDTshort | 0.0000% | 8h | 17.210 | −0.098% | $1.2M | $115K | 10x | |
| KuCoin UVXYUSDTM | +0.0168% | 8h | 17.240 | +0.076% | $161K | $794K | 20x | as long as short |
| OKX UVXY-USDT-SWAP | +0.0244% | 8h | 17.200 | −0.156% | $383K | $343K | 20x | as long as short |
| Variational Omni UVXY | +0.0347% | 8h | 17.222 | −0.030% | $97K | $8K | — | as long as short |
Aster UVXYUSDT
Bybit UVXYUSDT
Gate UVXY_USDT
Bitget UVXYUSDT
SunX UVXY-USDT
HTX UVXY-USDT
KuCoin UVXYUSDTM
OKX UVXY-USDT-SWAP
Variational Omni UVXYShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC UVXY_USDT | +0.0490% | 8h | 17.200 | −0.156% | $882K | $147K | 20x | as long as short |
| Binance UVXYUSDT | +0.0501% | 8h | 17.213 | −0.080% | $2.0M | $1.5M | 20x | as long as short |
| BloFin UVXY-USDT | +0.0512% | 8h | 17.230 | +0.018% | $61K | $3K | 20x | as long as short |
| GRVT UVXY_USDT_Perplong | +0.0839% | 8h | 17.227 | long leg | $6K | $154K | 10x |
MEXC UVXY_USDT
Binance UVXYUSDT
BloFin UVXY-USDT