Funding you earn now, next payment 08:00 UTC−0.0670%/8h= −73.4% APRnext payment −$6.70 per $10,000 · paid last 24h −0.037%
Price spread now: Phemex against MEXC+0.058%50s7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$127as 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−$1401.404% of the position
Funding, last 7 days+0.132%+$13 on $10k
+Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.058%, 7d avg +0.027%
=The price spread pays, funding is against you. Phemex is 0.031% dearer against MEXC than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of +0.027%): +$3 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 4 hours. Mind the row above: over the last 7 days funding on this pair paid +0.132%, so the current rate has only just turned against you. The two prices were read 50 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 0.132% in total (about 6.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.70 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 | MEXC UVXY_USDT | 17.210 | 0.0670 | pay 0.0670% / 8h | 16m 22s | $883K | $148K | 20x |
| Short | Phemex UVXYUSDT | 17.220 | 0 | get 0.0000% / 8h | 16m 22s | $1.2M | $115K | 10x |
MEXC UVXY_USDT
Phemex UVXYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against MEXC. 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
- −$140.7
- Price spread: +0.058% → +0.027%
- $3.11
- Slippage, 4 orders
- −$128.42
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$278.01
- Costs to cover
- 1.404%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 14 min ago; Phemex: live order book, 1 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 MEXC live order book, 14 min ago | 11.63 bp | 16.5 bp −$16 | 41.6 bp −$416 | 172.8 bp −$17.3K | doesn't fit |
| Sell Phemex live order book, 1 min ago | 2.90 bp | 52.3 bp −$52 | 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 | −0.174% | $6K | $1K | 20x | as long as short |
| Bybit UVXYUSDT | 0.0000% | 8h | 17.240 | +0.174% | $1.1M | $188K | 25x | as long as short |
| Gate UVXY_USDT | 0.0000% | 8h | 17.240 | +0.174% | $377K | $206K | 20x | as long as short |
| Bitget UVXYUSDT | 0.0000% | 8h | 17.197 | −0.076% | $795K | $243K | 20x | as long as short |
| SunX UVXY-USDT | 0.0000% | 8h | 17.220 | +0.058% | $1K | $311K | 10x | as long as short |
| HTX UVXY-USDT | 0.0000% | 8h | 17.270 | +0.349% | $11K | $3K | 10x | as long as short |
| Phemex UVXYUSDTshort | 0.0000% | 8h | 17.220 | +0.058% | $1.2M | $115K | 10x | |
| OKX UVXY-USDT-SWAP | +0.0361% | 8h | 17.220 | +0.058% | $388K | $351K | 20x | as long as short |
| KuCoin UVXYUSDTM | +0.0438% | 8h | 17.240 | +0.174% | $162K | $807K | 20x | as long as short |
| Variational Omni UVXY | +0.0549% | 8h | 17.222 | +0.070% | $97K | $8K | — | as long as short |
Aster UVXYUSDT
Bybit UVXYUSDT
Gate UVXY_USDT
Bitget UVXYUSDT
SunX UVXY-USDT
HTX UVXY-USDT
OKX UVXY-USDT-SWAP
KuCoin UVXYUSDTM
Variational Omni UVXYShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin UVXY-USDT | +0.0647% | 8h | 17.220 | +0.058% | $62K | $3K | 20x | as long as short |
| MEXC UVXY_USDTlong | +0.0670% | 8h | 17.210 | long leg | $883K | $148K | 20x | |
| Binance UVXYUSDT | +0.0679% | 8h | 17.225 | +0.084% | $2.1M | $1.5M | 20x | as long as short |
| GRVT UVXY_USDT_Perp | +0.0998% | 8h | 17.220 | +0.059% | $6K | $152K | 10x | as long as short |
BloFin UVXY-USDT
Binance UVXYUSDT
GRVT UVXY_USDT_Perp