UVXY

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.1122%/8h= −122.9% APRnext payment −$11.22 per $10,000 · paid last 24h −0.047%

Price spread now: Bybit against OKX0.000%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$252as in the Funding arb table

Net, price: spread back to 7d avg − costs−$235as in the Price arb table

costs, in and out, $10k−$2322.316% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.208%−$21 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now 0.000%, 7d avg +0.031%

Together, before fees−0.222%−$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and Bybit is 0.031% cheaper against OKX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.031%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.208% in total (about -10.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$11.22 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	OKX UVXY-USDT-SWAP	17.210	0.1122	pay 0.1122% / 8h	4h 47m	$401K	$385K	20x
Short	Bybit UVXYUSDT	17.210	0	get 0.0000% / 8h	4h 47m	$1.1M	$174K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$235.66
Price spread: 0.000% → +0.031%: −$3.06
Slippage, 4 orders: −$210.64
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$470.36
Costs to cover: 2.316%
Break-even: never at this rate

Slippage from OKX: live order book, 56 min ago; Bybit: 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 OKX live order book, 56 min ago	5.82 bp	31.0 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 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	17.195	−0.085%	$6K	$1K	20x	as long as short
Bybit UVXYUSDTshort	0.0000%	8h	17.210	0.000%	$1.1M	$174K	25x
Gate UVXY_USDT	0.0000%	8h	17.200	−0.058%	$398K	$226K	20x	as long as short
Bitget UVXYUSDT	0.0000%	8h	17.182	−0.163%	$796K	$252K	20x	as long as short
SunX UVXY-USDT	0.0000%	8h	17.200	−0.058%	$712	$353K	10x	as long as short
HTX UVXY-USDT	0.0000%	8h	17.190	−0.116%	$11K	$3K	10x	as long as short
Phemex UVXYUSDT	0.0000%	8h	17.200	−0.058%	$1.2M	$135K	10x	as long as short
OKX UVXY-USDT-SWAPlong	+0.1122%	8h	17.210	long leg	$401K	$385K	20x
KuCoin UVXYUSDTM	+0.1173%	8h	17.210	0.000%	$152K	$998K	20x	as long as short
Variational Omni UVXY	+0.1469%	8h	17.165	−0.259%	$97K	$6K	—	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT UVXY_USDT_Perp	+0.1514%	8h	17.201	−0.051%	$6K	$142K	10x	as long as short
MEXC UVXY_USDT	+0.1531%	8h	17.170	−0.232%	$881K	$84K	20x	as long as short
Binance UVXYUSDT	+0.1539%	8h	17.200	−0.058%	$2.2M	$1.8M	20x	as long as short
BloFin UVXY-USDT	+0.1542%	8h	17.190	−0.116%	$64K	$4K	20x	as long as short