Funding arb · Price arb /

UVXY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Phemex−0.058%49s7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$405as 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−$4054.052% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.457%+$46 · spread now −0.058%, 7d avg +0.011%

Together, before fees+0.457%+$46 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.069% cheaper against Phemex than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.011%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex UVXYUSDT	17.280	0	get 0.0000% / 8h	7h 28m	$1.2M	$118K	10x
Short	Gate UVXY_USDT	17.270	0	get 0.0000% / 8h	7h 28m	$395K	$228K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Phemex. 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 PhemexbpFee GatebpOrdersPrice spread, now −0.058%Rate

Funding earned: $0
Price spread: −0.058% → +0.011%: −$6.92
Slippage, 4 orders: −$378.22
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$412.14
Costs to cover: 4.052%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; Gate: 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 Phemex live order book, 4 min ago	2.89 bp	69.3 bp −$69	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	8.68 bp	112.9 bp −$113	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	17.261	−0.110%	$6K	$1K	20x	as long as short
Bybit UVXYUSDT	0.0000%	8h	17.320	+0.231%	$1.1M	$184K	25x	as long as short
Gate UVXY_USDTshort	0.0000%	8h	17.270	−0.058%	$395K	$228K	20x
Bitget UVXYUSDT	0.0000%	8h	17.267	−0.075%	$789K	$243K	20x	as long as short
SunX UVXY-USDT	0.0000%	8h	17.290	+0.058%	$1K	$315K	10x	as long as short
Phemex UVXYUSDTlong	0.0000%	8h	17.280	long leg	$1.2M	$118K	10x
HTX UVXY-USDT	+0.0505%	8h	17.320	+0.231%	$11K	$3K	10x	as long as short
OKX UVXY-USDT-SWAP	+0.0736%	8h	17.300	+0.116%	$392K	$367K	20x	as long as short
KuCoin UVXYUSDTM	+0.0903%	8h	17.300	+0.116%	$162K	$846K	20x	as long as short
Variational Omni UVXY	+0.1031%	8h	17.292	+0.070%	$97K	$7K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin UVXY-USDT	+0.1125%	8h	17.290	+0.058%	$62K	$4K	20x	as long as short
MEXC UVXY_USDT	+0.1150%	8h	17.270	−0.058%	$886K	$86K	20x	as long as short
Binance UVXYUSDT	+0.1157%	8h	17.300	+0.116%	$2.1M	$1.6M	20x	as long as short
GRVT UVXY_USDT_Perp	+0.3457%	8h	17.298	+0.101%	$6K	$148K	10x	as long as short