UVXY

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.1176%/8h= −128.8% APRnext payment −$11.76 per $10,000 · paid last 24h −0.082%

Price spread now: Bybit against KuCoin−0.058%7-day average +0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$862as in the Funding arb table

Net, price: spread back to 7d avg − costs−$847as in the Price arb table

costs, in and out, $10k−$8358.349% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.272%−$27 on $10k

Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.058%, 7d avg +0.064%

Together, before fees−0.158%−$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$35 a day on $10k at the current rate, and Bybit is 0.122% cheaper against KuCoin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.064%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.272% in total (about -14.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$11.76 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	KuCoin UVXYUSDTM	17.220	0.1176	pay 0.1176% / 8h	4h 44m	$152K	$999K	20x
Short	Bybit UVXYUSDT	17.210	0	get 0.0000% / 8h	4h 44m	$1.1M	$174K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now −0.058%Rate

Funding earned: −$246.96
Price spread: −0.058% → +0.064%: −$12.21
Slippage, 4 orders: −$811.95
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1,094.12
Costs to cover: 8.349%
Break-even: never at this rate

Slippage from KuCoin: live order book, 53 min ago; Bybit: live order book, 4 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 KuCoin live order book, 53 min ago	11.62 bp	356.2 bp −$356	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	8.71 bp	78.4 bp −$78	230.3 bp −$2,303	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	17.201	−0.109%	$6K	$1K	20x	as long as short
Bybit UVXYUSDTshort	0.0000%	8h	17.210	−0.058%	$1.1M	$174K	25x
Gate UVXY_USDT	0.0000%	8h	17.200	−0.116%	$398K	$226K	20x	as long as short
Bitget UVXYUSDT	0.0000%	8h	17.192	−0.163%	$796K	$252K	20x	as long as short
SunX UVXY-USDT	0.0000%	8h	17.200	−0.116%	$786	$353K	10x	as long as short
HTX UVXY-USDT	0.0000%	8h	17.240	+0.116%	$11K	$3K	10x	as long as short
Phemex UVXYUSDT	0.0000%	8h	17.220	0.000%	$1.2M	$135K	10x	as long as short
OKX UVXY-USDT-SWAP	+0.1112%	8h	17.210	−0.058%	$401K	$385K	20x	as long as short
KuCoin UVXYUSDTMlong	+0.1176%	8h	17.220	long leg	$152K	$999K	20x
Variational Omni UVXY	+0.1479%	8h	17.201	−0.113%	$97K	$6K	—	as long as short

Show 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	−0.058%	$64K	$4K	20x	as long as short
GRVT UVXY_USDT_Perp	+0.1531%	8h	17.212	−0.047%	$6K	$142K	10x	as long as short
MEXC UVXY_USDT	+0.1540%	8h	17.190	−0.174%	$882K	$85K	20x	as long as short
Binance UVXYUSDT	+0.1541%	8h	17.215	−0.032%	$2.2M	$1.8M	20x	as long as short