UVXY

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.3358%/8h= +367.7% APRnext payment +$33.58 per $10,000 · paid last 24h +0.147%

Price spread now: GRVT against Phemex0.000%77s7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$210as 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−$2332.329% of the position

Long on Phemex Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.229%+$23 on $10k

Price spread, last 4 days (all we have)+0.171%+$17 · spread now 0.000%, 7d avg +0.006%

Together, before fees+0.400%+ Points / potential airdropGRVT: Active · farm board+$40 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: +$101 a day on $10k at the current rate. 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 0.229% in total (about 11.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$33.58 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	Phemex UVXYUSDT	17.260	0	get 0.0000% / 8h	7h 37m	$1.2M	$117K	10x
Short	GRVT UVXY_USDT_Perp	17.260	0.3358	get 0.3358% / 8h	7h 37m	$6K	$151K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now 0.000%Rate

Funding earned: $705.18
Price spread: 0.000% → +0.006%: −$0.62
Slippage, 4 orders: −$211.9
Fee Phemex: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $471.67
Costs to cover: 2.329%
Break-even: 2.3 days

Slippage from Phemex: live order book, 5 min ago; GRVT: live order book, 59 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, 5 min ago	5.79 bp	52.4 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 59 min ago	5.81 bp	21.3 bp −$21	55.4 bp −$554	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	17.239	−0.119%	$6K	$1K	20x	as long as short
Bybit UVXYUSDT	0.0000%	8h	17.280	+0.116%	$1.1M	$183K	25x	as long as short
Gate UVXY_USDT	0.0000%	8h	17.240	−0.116%	$394K	$227K	20x	as long as short
Bitget UVXYUSDT	0.0000%	8h	17.230	−0.174%	$796K	$238K	20x	as long as short
SunX UVXY-USDT	0.0000%	8h	17.250	−0.058%	$887	$315K	10x	as long as short
Phemex UVXYUSDTlong	0.0000%	8h	17.260	long leg	$1.2M	$117K	10x
HTX UVXY-USDT	+0.0395%	8h	17.260	0.000%	$11K	$3K	10x	as long as short
OKX UVXY-USDT-SWAP	+0.0639%	8h	17.260	0.000%	$390K	$361K	20x	as long as short
KuCoin UVXYUSDTM	+0.0782%	8h	17.270	+0.058%	$162K	$835K	20x	as long as short
Variational Omni UVXY	+0.0939%	8h	17.257	−0.016%	$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	+0.1020%	8h	17.240	−0.116%	$62K	$3K	20x	as long as short
MEXC UVXY_USDT	+0.1035%	8h	17.240	−0.116%	$884K	$86K	20x	as long as short
Binance UVXYUSDT	+0.1045%	8h	17.250	−0.058%	$2.1M	$1.5M	20x	as long as short
GRVT UVXY_USDT_Perpshort	+0.3358%	8h	17.260	0.000%	$6K	$151K	10x